Stablecoins

Q84. The growth of non-volatile assets pegged to a fiat currency has been a one of the clear trends in crypto in the last few years. However, during the past days, a big fatal event occurred when Terra UST peg token started to depegging from $1.

The issue that will be addressed in this dashbard

Many different projects proposed different models to define their own stablecoins. For this Bounty, analyse the stablecoin landscape on Sushiswap, identifying the various tokens available and their main metrics (volume, number of swaps, TVL, and other relevant for you). Argue why any of these stablecoins could succeeded in comparison to UST and why.

Method

To address the noticed issue above, I use the flipside_prod_db.ethereum_core.ez_dex_swaps table to calculate volume, number of swaps, TVL, and the cumulative growth of these metrics over the past two months by filtering the amount in to selling metrics and token out for bought metrics for following most popular stablecoins: USDT, USDC, DAI, BUSD, UST.

*So let's look at the findings as following.

Analysis

Observation

In the two above chart the total value locked are shown in daily amount and total on past two month.
As same of these charts USDC has the most TVL with 49% of shares that followed by DAI with 33%.

Discord: `0xHaM☰d#8391`

Findings

As of the results of this dashboard, we can see that amongst these 5 most popular stablecoins, USDT has the most TVL, followed by DAI.
Results on the counts of swaps investigated indicate that USDC has the highest number of swaps on buying and selling swaps, followed by USDT.
By assessing the amount of volume swapped, it's observable that USDC has the most volume compared to others, followed by USDT.