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Key Takeaways
- JPMorgan cites $7 billion in average daily volume
- Ethereum JPMD contract showed zero supply November 4
- Base held 1,001,000 JPMD across two addresses
- JLTXX logged $148.8 million September net redemptions
JPMorgan published the figure in its October 19 announcement bringing JPM Coin to Ethereum, alongside more than $4 trillion in cumulative Kinexys transactions. A footnote says only that the numbers were calculated from internal volume and value data.
Four businesses share one headline number
The release gives no product breakdown and no averaging period. The gap is larger than it looks, because Kinexys runs at least four businesses whose figures count different things.
Blockchain Deposit Accounts are measured by money moved. JPM Coin’s supply records how many deposit tokens exist on a given day. A tokenized fund reports the value its investors hold. Repo turnover counts loans, and the same collateral can be lent several times in one day, so turnover can far exceed the cash involved. Summing these figures would mix flows with balances and count ...
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