Approach

In this dashboard ==Total Volume==, ==Average Volume==, ==Address Numbers==, ==Maximum== and ==Median of USDC== volume has been discussed for 4 actions of Transfer, Swap, Mint and Burn since July 2022.

Total USDC volume of each action has been calculated and shown in this section, since July 2022.

On donut chart and bar chart above total volume of each action compared to each other on various perspectives, in which as we see USDC Transfer has majority of volume with 3.13 *10^10 which is 55.9% of total volumes of all actions, and it is more than 3 times of second action with most volume which is USDC Mint and ==Transfer volume is 6.17 times more than Swap volume.==

And as we can see USDC Mint and USDC Burn has almost same volume and USDC Swap volume is least of them with 9.06% of total volumes.

Daily volume of all actions has bearish trend in which maxed out on Jul 28 with 2.19B and decreased since, though daily swap volume shows more bullish signs in recent days such as it’s spike on Nov 10 and Dec 2.

On donut chart and bar chart above average volume of each action compared to each other on various perspectives, in which as we see USDC Burn has majority of average volume with 45.9K which is 47.9% of all average volumes of all actions, and it is more than 1.74 times of second action with most average volume which is USDC Mint and ==average Transfer volume is 9.2 times more than average Swap volume.==

And as we can see average USDC Mint and average USDC Burn has almost same volume and average USDC Swap volume is least of them with 2.039% of total average volumes.

Daily average volume of all actions has bearish trend in which maxed out on Jul 6 with 500K and decreased since, ==though daily swap volume shows some bullish signs in recent days such as it’s spike on Dec 2.==

Average USDC volume of each action has been calculated and shown in this section, since July 2022.

Address count of each action has been calculated and shown in this section, since July 2022.

On donut chart and bar chart above total address number of each action compared to each other on various perspectives, in which as we see USDC Transfer has majority of addresses with 103K which is 51% of total addresses of all actions, and ==it is more than 1.57 times of second action with most addresses which is USDC Swap==.

And as we can see USDC Mint addresses is 6.22 times more than USDC Burn addresses which has least addresses of them with 2.28% of total addresses.

Daily addresses of all actions has fluctuated trend in which maxed out on Sep 29 with 14K addresses, and as its seen ==daily number of swap addresses has been dominated by transfer addresses for majority of time frame.==

Maximum volume of each action has been calculated and shown in this section, since July 2022.

On donut chart and bar chart above maximum volume of each action compared to each other on various perspectives, in which as we see USDC Burn and Transfer has majority of maximum volumes equally with 193K which is 37.7% of all maximum volumes of all actions, and they are more than 2.53 times of second action with most maximum volume which is USDC Mint.

And as we can see maximum USDC Swap volume is least of them with 9.97% of total maximum volumes.

Daily maximum volume of all actions has bearish trend in which maxed out on Jul 28 with 461M and decreased since.

On donut chart and bar chart above median volume of each action compared to each other on various perspectives, in which as we see USDC Burn has majority of median volumes with 734 which is 71.9% of all median volumes of all actions, and it is more than 4.5 times of second action with most median volume which is USDC Swap.

And as we can see median USDC Mint volume is least of them with 2.61% of total median volumes.

Daily median volume of all actions has bearish trend in which maxed out on Aug 27 with 12K and decreased since.

Conclusion

Swap vs Transfer

1. The average USDC transfer volume is around 21.3K USDC, while the average USDC swap volume is around 2.3K USDC.
2. The average number of USDC swappers on Avalanche per day is around 1.5K, while the average number of USDC transfer wallets on Avalanche per day is around 2K.
3. Median volume of swaps as been dominated median volume of transfers for majority of days since July.
4. Maximum volume of transfers as been dominated maximum volume of swaps each day since July.

Mint vs Burn

3. The volume of USDC minted or added to liquidity pools has exceeded the volume of USDC burned for the vast majority of days since July.

4. Every day since July 20th, the number of wallets minting USDC has consistently outnumbered the number of wallets burning USDC.

5. Median volume of burns as been dominated median volume of mints for majority of days since July.

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