Question : What's All The Hubbub for Hubble Protocol?

Create a KPI dashboard that shows Hubble metrics such as: daily active users, new users, mint/burn rates, different rates of instructions etc. (anything you find relevant)

Show the flows of USDH, where it is being used in the Solana ecosystem, is it gaining adoption, and if so how?

Provide metrics on its growth rate and adoption so far. How is it being used?

Overview

So in this board i tried to check metrics around the Hubble (DeFi) service to find out how it works until now. in this analyze i have tried to check this metrics below :

• Hubble Transactions
• Hubble Users
• Check Transfer/Mint/Burn transactions
• USDH Flow/Volume on Hubble
• USDH Flow on Solend/kamino
• Solana Stablecoins Transfer Volume

Methodology

To reach purposes of this analyze i have tried to extracting related data from FlipsideCrypto DBs (Solana) and Specifically i have used this tables :

• solana.core.fact_transactions
• solana.core.fact_transfers
• solana.core.fact_events

Thank you for taking your time to read my board!

Hubble Transactions/Users/Transfer_Types_Ratio

According to these single number can find out analytics below :

• Total Transactions on Hubble is around : 141.8K.

• Total Users on Hubble service is around : 4570.

• Transfer Ratio (percent) of all Transactions : 61.8%.

• Mint Ratio (percent) of all Transactions : 13.37%.

• Burn Ratio (percent) of all Transactions : 61.8%.

USDH Transactions/Users/Volume Daily on Hubble

According to the above charts, my analysis is that :

• From beginning of Aug2022 until now number of transactions / users and USDH volume have grown significantly.

• 13th, Sep2022 have most Transaction count also user count with

  353 transactions and 201 unique user.

• 22th, Sep2022 have the most USDH volume from beginning of the 2022

  with almost 801.69K.

USDH Transfer

• Total USDH Transfers : 1.74M.
• Total USDH Transfer Volume : 839M.
• Total USDH Unique Sender : 18.8K.
• Total USDH Daily Average Transfers : 270.

Daily Transactions Flow on Hubble

According to the tow above charts we have some data about daily transactions flow on Hubble service :

• Whatever we are closing to the present almost number of transactions on Hubble have a descending trend except few days that transactions

  count in these days have greatly increase that not have any effects on the primary descending trend.

• With a simple look at the first chart can figure that number of Mint Transactions have an advantage from Burn Transactions.

• The most number of total Transactions on Hubble is related to the 10th,Jun2022 with almost 109.59K Transacitons.

• The most number of daily Mint Transactions is related to the 1st,Feb2022 with 887 Mint transactions.

• The most number of daily Burn Transactions is related to the 11th,May 2022 with 122 Burn Transactions.

USDH Flow on Solend/Kamino Program

With a look at the Solend chart can figure below analytics :

• From beginning of the Jun2022 until end of the Jul2022 we have lowest USDH flow trend.
• The most number of transactions is related to the 23th,Sep2022 with 281 transactions and 32 unique users.

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With a look at the Kamino Program chart can figure below analytics :

• From begging Sep2022 USDH flow on Kamino Program has started a new trend on its flow and have stable increase in transactions count.
• The most number of transactions on Kamino Program is related to the 22th,Sep2022 with 28.215K transactions.

Solana Stablecoins Transfer Volume

USDC & USDT are formed major part of Stablecoins in Solana network this is also seeing in the Transfer on Solana

so that, USDC have 152.3K Transfers and almost 89.7% of all Transfers on Solana network.

also USDT with 17.44K Transfers and almost 10.3% of all Transfers on Solana.

As you can see in the above charts USDH have not grate part of Transfers on Solana.

Conclusions

The most important conclusions from this analytics :

• Total activity that contains Transactions and users in the last few month have an increase but this activity trend on Hubble protocol

  decreasing overtime and getting lower day by day.

• According to the USDH activity on the Kamino Program, total activity of USDH is increasing.

• USDH activity on different Solana Programs such as Kamino and the others is higher than its own protocol(Hubble).

In the end in my opinion based on the charts and analytics, USDH is gaining adoption with Solana programs .