56 Stablecoins Highlight The Value Proposition Of Smart Contracts Given hyperinflation in emerging markets and an increase in global instability, the demand for stablecoins offering digital access to the US dollar is soaring. During the past three years, the number of daily active stablecoin addresses globally has increased at an annual rate of 93%, from 171 thousand to 1.2 million. In 2023, stablecoin transfer volumes surpassed those of Mastercard. Stablecoin Daily Active Addresses Total Transfer Volume, 2023 Tron BNB Chain Ethereum (Trillions) Avalanche C-Chain Polygon PoS Solana $16 $15 S ETH L2s T $14 C A 1,400,000 R T $12 N 1,200,000 O $10 C T $10 $9 R 1,000,000 A D SM 800,000 US $8 600,000 $6 400,000 $4 200,000 $2 $2 - $0 1 1 1 1 2 2 2 2 3 3 3 3 2 2 2 2 2 2 2 2 2 2 2 2 - - - - - - - - - - - - n r l t n r l t n r l t Paypal Mastercard Stablecoins Visa Ja Ap Ju Oc Ja Ap Ju Oc Ja Ap Ju Oc NOTE: Stablecoin Daily Active Addresses are averaged for each month displayed in chart. Transfer volume estimates are used where Q4 2023 data is not yet available at time of publication. Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, which are available upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.