Tempo L1 Hits 3.9M Transactions in Two Months

Tempo, a Layer 1 blockchain incubated by Stripe, has processed 3.9 million transactions across 177,000 addresses since mainnet launched on March 18, according to data shared by Dune Analytics.

The chain’s native TIP-20 stablecoin standard now supports circulating supply exceeding $25M across multiple issuers and yield-bearing token variants.

The TIP-20 standard makes stablecoins native to the Tempo protocol through precompile-based implementation rather than ERC-20 contracts. Issuers gain access to programmable policies including transfer rules, allowlists, and fee logic enforced at the chain level.

Stablecoin supply is distributed across multiple issuers: pathUSD anchors the network at $8.2M, while USDB, USDT0, and Stargate-bridged $USDC.e and EURC.e each hold between $4.5M and $5.5M in circulating supply.

The ecosystem also supports yield-bearing variants including Ethena’s sUSDe and USDe, Frax Finance’s USD, Capitole’s cUSD and stcUSD, and Maple Finance’s syrupUSDC.

Tempo’s architecture enables gas payment directly in stablecoins, differentiating the chain from networks that require native tokens for transaction fees. The combination of stablecoin-native design and early transaction volume metrics suggests the protocol is gaining adoption within its target payments use case.

Tempo is now fully indexed on Dune alongside major blockchains, with a maintained stablecoins dataset that normalizes supply, transfers, and holders across issuers and networks. The integration enables direct comparison of Tempo’s TIP-20 stablecoins against Tron $USDT, Solana $USDC, and Ethereum’s stablecoin float in single queries.

Sources: Dune Analytics | Dune Analytics | Dune Analytics