Stablecoin behavior on Avalanche
This dashboard takes a deep dive overview about the different stablecoins activity on Sushiswap over Avalanche blockchain.
Avalanche is a blockchain platform that has gained popularity in recent years due to its fast transaction speeds, low fees, and interoperability with other blockchain networks. The platform uses a consensus mechanism called Avalanche-X that allows for near-instant finality and high transaction throughput.
Stablecoins have become a crucial component of the cryptocurrency ecosystem, providing a stable and predictable store of value that is not subject to the same volatility as other cryptocurrencies. They are backed by real-world assets such as fiat currencies, commodities, or cryptocurrencies and are designed to maintain a stable value against their underlying asset.
Now, let's move on to what we'll be analyzing in our dashboard. Our goal is to analyze the stablecoin activity on Avalanche through Sushiswap platform, one of the most active on Avalanche network. We'll be looking at the most actively traded stablecoins on Sushiswap across Avalacnhe. Additionally, we'll be analyzing the monthly volume and inflow/outflow of stablecoins through Sushiswap on these various chains.
Through our analysis, we hope to determine which chain has seen the most significant increase in stablecoin activity over the last three months. By understanding this, we can gain valuable insights into the current state of the stablecoin market and how it's evolving across Avalanche.
The dashboard consists of two main tabs, each providing you with different insights into the stablecoin activity on Sushiswap. Let's go through each tab one by one:
General Activity: This tab provides you with an overview of the stablecoin activity on Sushiswap across Avalanche. Here, you can see the monthly volume and inflow/outflow of stablecoins through Sushiswap, as well as the most actively traded stablecoins on the platform. You can also see a breakdown of stablecoin activity.
Specific Stablecoin Analysis: This tab allows you to select a specific stablecoin to analyze and see the monthly volume and inflow/outflow of that particular stablecoin on Sushiswap across Avalanche. This provides you with insights into the popularity and trading activity of a particular stablecoin on the platform.
To use the dashboard, simply select the parameter you want to analyze at the top of the page. If you want to analyze a specific stablecoin, select the stablecoin from the dropdown menu. Once you've selected your parameters, click on the "Apply all parameters" button to see the updated analysis.