EUROT, issued by Token Teknoloji Anonim Şirketi, is a collateralized stablecoin maintained at a 1:1 ratio with the Euro (EUR), with onchain supply matched by reserves held in Turkish banks. [S1][S2][S3]

Each EUROT tracks the price of one Euro (EUR) and is stated to be fully backed at a 1:1 ratio by EUR reserves held at Ziraat Participation Bank and Akbank, with bank-issued reserve documents dated May to July 2024 published on the Proof of Reserves page. [S2][S3][S4] No yield, interest, or NAV accrual accrues to holders. [S2] Token charges a commission on platform buy and sell transactions at rates it determines under its Fee Tariff, and blockchain transfer fees are non-refundable. [S5]

The issuer is Token Teknoloji Anonim Şirketi, a Turkish joint-stock company formed in 2021. [S6][S7] Token applies Turkish Law No. 5549 and No. 6415 and FATF anti-money-laundering (AML) standards, and states that crypto asset markets are not subject to legal regulation or a special regulatory framework in Turkey. [S8][S9] The token is described as a collateralized stablecoin rather than a deposit; held assets may be commingled with other users and returned pro-rata. [S2][S9] Users must be 18, complete KYC verifying identity against the Turkish Interior Ministry database, and hold one account in their own name. [S5][S8] Conversion to fiat is described via the trading route. [S10][S2]

EUROT is an EVM-compatible token issued on Avalanche C-Chain, Polygon and Ethereum, compatible with EVM-supporting wallets. [S1][S2] Minting and burning are automated by smart contracts: producing a token adds equivalent EUR reserves, and reduced reserves trigger burning, keeping supply matched to reserves. [S1][S2] Token supply and its reserve counterpart are viewable onchain. [S2][S4]

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://www.token.com.tr/en/reserve-tokens/ons-gold-onsg/" },
    { id: "S2", url: "https://www.token.com.tr/en/reserve-tokens/usd-token-usdot-2/" },
    { id: "S3", url: "https://www.token.com.tr/en/reserve-tokens/" },
    { id: "S4", url: "https://www.token.com.tr/en/proof-of-reserves/" },
    { id: "S5", url: "https://www.token.com.tr/kullanici-sozlesmesi/" },
    { id: "S6", url: "https://www.token.com.tr/hakkimizda/" },
    { id: "S7", url: "https://www.token.com.tr/en/about-us/" },
    { id: "S8", url: "https://www.token.com.tr/aml-cft-kyc-politikasi/" },
    { id: "S9", url: "https://www.token.com.tr/risk-bildirimi/" },
    { id: "S10", url: "https://www.token.com.tr/en/reserve-tokens/usd-usdot/" },
  ]}
/>


# Asset senders (daily) methodology

## 1. Overview

Asset senders (daily) is calculated as the number of unique addresses that initiate asset transfers within a fixed 24-hour window. Daily activity is measured from 00:00 UTC to 23:59 UTC for each tracked asset. Active transactors are isolated from passive recipients by identifying only the sending addresses of transactions. This metric is utilized to evaluate the daily active user base and transaction utility of tokenized assets across multiple blockchain networks.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions, covering Solana
- **Aptos, Cardano, Stellar Classic, and Sui events**: Token withdraw events, covering Aptos, Cardano, Stellar, and Sui
- **Near, Algorand, Injective, Ripple, and Stellar Soroban events**: Token transfer events, covering Near, Algorand, Injective, Ripple, and Stellar
- **Polkadot Asset Hub events**: `Transferred` events from the `assets` pallet, covering Polkadot Asset Hub
- **Asset metadata**: Token addresses and chain configurations

## 3. Step-by-step calculation

### Component A: Extract sender addresses

- **Purpose**: Identify and extract the unique sending addresses for each asset transfer across all supported chains.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from the `from` field of ERC-20 `Transfer` events, excluding the zero address to filter out mint transactions. On Solana, sending addresses are extracted from the authority address field of token transfer instructions. On Aptos, Cardano, Stellar Classic, and Sui, sending addresses are identified from the account address field of token withdraw events. On Near, Algorand, Injective, and Stellar Soroban, sending addresses are extracted from the sender address field of token transfer events, with null addresses excluded. On Ripple, sending addresses are extracted from token transfer events where the transfer value is negative. On Polkadot Asset Hub, sending addresses are extracted from the event data of `Transferred` events emitted by the `assets` pallet.
- **Key fields**: `timestamp` (block timestamp truncated to daily grain), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Consolidate and deduplicate sender data

- **Purpose**: Aggregate sender addresses across all chains and prepare the dataset for daily unique counting.
- **Logic**: Sender records from all individual chains are consolidated into a unified dataset. For each asset on each chain, the sending addresses are grouped by day. To prevent double-counting, duplicate sender addresses for the same asset on the same chain within the same 24-hour window are removed.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `sender_address` (unique sending address)

### Component C: Final aggregation

- **Purpose**: Calculate the final daily active sender count per asset and per chain.
- **Logic**: The consolidated dataset is aggregated to compute the daily active senders. Unique sending addresses are counted for each asset on a daily basis, both at the individual chain level and aggregated across all chains for multi-chain assets. If no transfer activity is recorded for a tracked asset on a given day, the daily sender count is filled with zero values.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `asset_dau` (daily active senders count)

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

Unique asset senders over a fixed 24-hour window.

Asset senders (daily)

Stablecoins

Token Teknoloji issues fiat-backed stablecoins redeemable 1:1 for the underlying currency, with reserves held to maintain the peg.

Token Teknoloji A.Ş. is a Turkish fintech company that issues regulated asset-backed digital tokens on public blockchains. Its flagship product EUROT is a Euro-pegged stablecoin deployed on Avalanche and Polygon.

Token Teknoloji A.Ş. is based in Turkey and operates under Turkish regulatory frameworks.

website

twitter

Stablecoin issuers

Token Teknoloji

Token Teknoloji A.Ş. EURO (EUROT) is a euro stablecoin issued by Token Teknoloji through Token Teknoloji Anonim Şirketi.

They sit with Ziraat Participation Bank and Akbank.

Token Teknoloji Anonim Şirketi is the issuing entity.

EUROT has been issued on public blockchains since August 2023 and is native to Polygon and Avalanche.

Token Teknoloji A.Ş. EUROEUROT