Methodology

• We define the transaction volume as the swap volume where these stable coins are swapped from into other assets.
• Find all the swaps from for the various Stablecoins on Osmosis
• We look at the swap volume as well as the number of users swapping to define the popularity.
• we

Compare the transaction volume for USDC, USDT, and DAI on Osmosis.

• We look at the Transaction Swap Volume from first by category and then by each individual tokens.
• For category by swap from volume, USDC is the clear winner with a huge spike since the week of May 9, 2022.
• For the USDC axlUSDC is the most popular token on Osmosis.
• USDC overall has seen 128M $USDC in swap from volume
• axlUSDC has seen 126.3M $axlUSDC in swap from volume.

Is there a stable coin that Osmosis users prefer?

• Yes USDC seems to be the clear favourite type of stable coin both in terms of swap volume and number of wallets swapping from.
• axlUSDC token from the USDC category seems to be the preferable stablecoin.