Predictive Strength

Negligible
Polkadot historically had 23.64% 30 days returns when Stablecoin Transfer Volumes was▆ Very High (0.8 - 1). It indicates higher than average expected returns.
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DOT Price with Stablecoin Transfer Volumes

Factor Plot

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▆ Very Low▆ Low▆ Moderate▆ High▆ Very High

Predictive Strength

Negligible

Measures the total volume of stablecoins transferred across blockchains.

Potential Edge

Capital Deployment Signal

Stablecoin inflows to exchanges often precede altcoin rallies, as traders use them to purchase volatile assets. For example, a 53% YoY increase in active stablecoin addresses (to 30M) and $4.1T monthly transfers in 2025 correlated with Bitcoin's climb from $60K to $90K+ in late 2024. Large transfers (>$1M) spiked before major market moves, suggesting institutional positioning.

Macro Liquidity Proxy

Stablecoin supply mobility (51% held <1 month in 2024) mirrors risk appetite. Rising supply correlates with bullish cycles, as seen in 2025's $225B supply (63% YoY growth) preceding Q1 altcoin rallies. Conversely, supply stagnation during regulatory pressures (e.g., MiCA) preceded consolidation phases.

Data Collection Methodology

Stablecoin transfer volume data is sourced from public blockchain transactions, categorizibg activity using labeled addresses and heuristic filters to distinguish organic transactions from bot-driven or internal smart contract activity. It exclude high-frequency trading, intra-exchange rebalancing, and automated bot transactions, focusing on user-initiated transfers to exchanges, DeFi protocols, or external wallets.

Read more about our methodology

Track this predictive factor on your dashboard

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Scatter plot - Stablecoin Transfer Volumes and DOT 30 and 90 Day Average Returns

Backtest - Strategy Performance

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To understand a predictive factors predictive power, we create a simple long/short strategy and simulate its past performance (with daily rebalancing):

  • 100% Long when the predictive factor is close to 1, with a position size equivalent to the predictive factor value.
  • Flat when the predictive factor is close to 0, with a position size equivalent to the predictive factor value.

The strategy is rebalanced daily, on a continuous basis. There are 0.5% transaction costs applied on each position adjustment.

API

Get started by validating the historical performance of the strategy with our transparent code snippets.
Copy and paste the code snippets below into your Python environment or download the files below.

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Our Methodology