Try Quests to earn SOLWhat's All the Hubbub for Hubble Protocol?
Overview
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Users
a. Active users number
b. New users number
c. active unique users over Time
d. New users over Time
e. cumulative users number
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Transactions
a. Transactions number
b. Transactions number over Time
c. Transactions number per Type
d. Mint/burn/transfer transactions number over Time
e. Mint/burn/transfer rate
f. Mint/burn/transfer rate over Time
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swap
a. HBB swap Volume
b. HBB swap Volume per platform
b. USDH swap Volume
c. USDH swap Volume per platform
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Transfer
a. Total transfer Volume
b. Transfer Volume over Time
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USDH/HBB Flow on solana
a. USDH/HBB flowing TX number over time
b. USDH/HBB flowing amount over Time
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USDH activity on programs
a. top programs base on TX number
b. Top programs base on TX number over Time
c. top programs base on users activity
d. top programs base on users activity over time
f. USDH TX number over Time & cumulative TX number on Kamino and solend
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Introduction
what is hobble?
Hubble is a decentralized finance (DeFi) protocol built on Solana.
What is USDH?
Hubble's core product is USDH, a decentralized stablecoin that can be borrowed against your crypto assets. You can borrow
USDH By depositing Tokens such as Wbtc and others.
What is the HBB token?
HBB is Hubble’s ecosystem token, and can be used to participate in the protocol.
Method
I used solana.core.fact_transactions and evnets table for collecting Hubble data
- Hubble Program ID =
HubbLeXBb7qyLHt3x7gvYaRrxQmmgExb7fCJgDqFuB6T - USDH Contract =
USDH1SM1ojwWUga67PGrgFWUHibbjqMvuMaDkRJTgkX - HBB Contract =
HBB111SCo9jkCejsZfz8Ec8nH7T6THF8KEKSnvwT6XK6
Source: Link
my insights will be base on daily Timeframe.
I used all the available data on Flipside.
Observation
in the last year we had 4569 new and active users, These numbers for the last week are as follows: 236 active users and 31 new users.
And for last month : 615 active users and 157 new users. We can say that 0.67% of all users joined last week and 3.43% of them joined last month also 13% of all users ere active in the last month.
Highest active users number was on Feb 1 with 745 users which 510 of them were new users.
Active users in the second half of the year were much less than in the first half
Observation
if we exclude some system contracts we can say that base on TX number that are related to USDH, Jupiter v3 is the Top program with 226K TX and Kamino comes at the second rank with 223K TX, and base on active users number that engaged with USDH Jupiter v4 is the platform with 4.1K users
when we look at the Top 5 programs over Time we can see clearly that number of transactions that are related with USDH on Kamino increased from Sep 7
Observation
HBB:
highest Swap from HBB to another tokens Volume was on Apr 19 with 1.8M $HBB and the highest swap to HBB from another Token Volume was on april 20 with 20.6M $HBB
HBB swap Volume on orca platform usually is higher than other platforms
USDH:
highest Swap from USDH to another tokens Volume was on May 18 with 1.4M $USDH and the highest swap to USDH from another Token Volume was on Feb 25 with 20.8M $USDH
HBB swap Volume on Jupiter platform usually is higher than other platforms
Observation
In the last year, 170K transactions were registered on this platform, of which 80K belong to the last six months and 11.4K belong to the last month. In the last week, only 1.8K transactions have been registered
the highest transactions number was on Feb1 with 887 TX
we can say that the activity in the second half of the year were much less than in the first half
in the last year we had 103K transfer TX, 22.39K mint TX and 422 burn TX.
In the last month we had 6.6K transfer TX, 2.9K mint TX and 7 burn TX.
The Highest Transfer TX number was on Feb 1 with 2.6K TX, the highest Mint TX number was on Feb 1 with 887 TX, the highest burn TX number was on May 11 with 122 TX.
The Mint transaction rate is 13.6% and this number for burn is only 0.29% .
also We can see clearly that Transfer TX had the highest TX rate among the TX types most of the days.
Conclusion
- in the last year we had 4569 new and active users and 0.67% of all users joined last week and 3.43% of them joined last month also 13% of all users ere active in the last month.
- Highest active users number was on Feb 1 with 745 users which 510 of them were new users.
- In the last year there were 170K transactions and 11.4K belong of them to the last month.
- The highest transactions number was on Feb1 with 887 TX
- first half had more activity than the second half on Hubble
- in the last year or in total we had 103K transfer TX, 22.39K mint TX and 422 burn TX.
- The Mint transaction rate is 13.6% and this number for burn is only 0.29% .
- Transfer TX had the highest TX rate among the TX types most of the days.
- The Highest Swap from HBB to another tokens Volume was on Apr 19 with 1.8M $HBB and the highest swap to HBB from another Token Volume was on April 20 with 20.6M $HBB
- highest Swap from USDH to another tokens Volume was on May 18 with 1.4M $USDH and the highest swap to USDH from another Token Volume was on Feb 25 with 20.8M $USDH
- we can say that the first half of the year was an active time for USDH and HBB
- the highest Flow amount for USDH was on Feb 1 with 6.4M $USDH and for HBB was on Mar 1 with 12.3M $HBB
- base on TX number that are related to USDH, Jupiter v3 is the Top program with 226K TX and Kamino comes at the second rank with 223K TX
- number of transactions that are related with USDH on Kamino increased from Sep 7
- kamino : Total transactions number is 223.7K TX and the highest transactions number was on Sep 22 with 28.2K TX
Observation
HBB:
last year: 256.5M $HBB Volume, last month: 18.5M $HBB, last week: 2.3M $HBB
highest HBB transfer Volume was on Apr 19 with 13.48M $HBB
USDH:
last year: 838.7M $USDH Volume, last month: 58.3M $USDH, last week: 10.2 $USDH
highest HBB transfer Volume was on May10 with 22.9M $USDH
we can say that the first half of the year was an active time for these tokens
Source: Link