The Data Behind Circle's $18B Valuation - Kaiko

Particular Version

The information behind Circle’s $18B Valuation

Circle’s market debut this month was spectacular. Buying and selling as CRCL, shares closed final week up 140% from their first-day shut and over 270% above the $31 IPO value, elevating the agency’s valuation to $18bn.

On- and off-chain information for Circle’s flagship product, USDC (USD Coin), supply uncommon transparency into the corporate’s valuation. They reveal fast stablecoin adoption and robust demand for compliant digital {dollars}—key components driving Circle’s valuation and lengthy-time period progress prospects.

In actual fact, analyzing the common variety of energetic wallets on a weekly foundation over the previous few years highlights the exceptional progress of Circle’s stablecoin. Because the starting of 2025, there was a mean of 40k energetic wallets every week. These are wallets which have despatched not less than 100 USDC on Ethereum. That is double the weekly common noticed in 2024.

Different on-chain metrics, together with the variety of USDC transactions on Ethereum, its increasing function on DeFi platforms like Aave, and its rising use as a settlement and quote asset in spot and derivatives markets, have all seen exceptional progress and are actually in any respect-time highs. For extra insights, discover our premium Data Debrief by subscribing here.

Source link