Algo-45.Stablecoin Popularity for Swaps

    -- Q45. Which stablecoin is more popular for a wallet to use in swaps(use algorand.swaps table): USDT, USDC, STBL? -- Compare volumes and number of swaps for each over the month of March 2022. -- Tips: USDC(31566704) USDT(312769) STBL (465865291)

    Methodology

    • Use the algorand.swaps table to find all the swaps where swap_from_asset_id in (31566704,312769,465865291)
    • For the swap volume use swap_from_amount

    Number of Swaps

    • USDC clearly dominates the number of swaps, followed by STBL and USDT.
    • In total, there were 68.77K swaps for USDC, 32.5K swaps for STBL and 10.14K swaps for USDT.
    Loading...
    Loading...

    Swap Volume

    • USDC clearly dominates the swap volume as well, followed by STBL and USDT.
    • In total, there was 19.5M swap volume for USDC, 5.79M swap volume for STBL and 845K swap volume for USDT.
    Loading...
    Loading...