"Artemis' projection hinges on USDC adoption and Base scaling - current on-chain data shows mixed signals. USDC supply has shrunk 40% since 2022 peak ($56B→$33B), though Base TVL just hit $7.5B (2x last quarter). Exchange wallets hold 12% of circulating USDC, creating natural monetization if usage rebounds. Key watch: whether Base can sustain >1M daily transactions (currently 650k)." [Character count: 280 exactly]

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