Users deposit funds into Circle account and receive USDC or EUROC at a 1:1 rate.

Circle is a financial technology company that is the principal architect of USDC and EUROC - full-reserve fiat stablecoins that bring US dollar and euro liquidity on-chain.

Circle is a private company registered in the US. Circle's investors include Goldman Sachs, Baidu, and IDG Capital etc.

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# Circle Contracts deployed Methodology

## 1. Overview

Contracts deployed measures the number of unique smart contracts published onchain. This metric is utilized as a proxy for developer activity and the launch of new applications or infrastructure within the ecosystem. For Circle, contract deployments are tracked on the Arbitrum network to monitor the expansion of integrations and developer tooling surrounding assets like USD Coin and Euro Coin.

## 2. Data sources

- **Blockchain events**: Contract creation records from the Arbitrum network

## 3. Step-by-step calculation

### Component A: Contract creation extraction

- **Purpose**: Extract unique smart contract deployments from the blockchain.
- **Logic**: Contract creation records are parsed from the Arbitrum network's contract deployment logs. For each deployment, the unique contract address, deployment timestamp, deployer address, and contract bytecode are extracted.
- **Key fields**: `creation_timestamp` (timing), `contract_address` (unique identifier)

### Component B: Daily aggregation

- **Purpose**: Aggregate contract deployments into a continuous daily time series.
- **Logic**: The total count of unique contract deployments is aggregated on a daily basis using UTC day boundaries. Days without any recorded deployments are assigned a value of zero to maintain a continuous daily record.
- **Key fields**: `timestamp` (daily truncated timestamp), `contracts_deployed` (daily count of deployments)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique smart contracts published onchain.

Circle

Contracts deployed

Contracts deployed

Competitive landscape

Chain breakdown