Graph below shows the swap volume of stablecoins, $MIM, $USDC, $DAI, $USDT and $UST across main DEXes such as Curve, Sushiswap, Uniswap, dydx, 1inch, Bancor, Hop Exchange and etc. on Ethereum network. We can see that $USDC is the clear favourite, followed by $USDT and $DAI. $MIM is fourth among the list and $UST is last. The stablecoins swap volume hit the highest volume YTD in 3rd week of January.

Graph below shows the swap volume of stablecoins on different DEXes. Curve Fi and Uniswap holds the biggest pie in daily bar chart. The total volyme

Graph below shows the swap volume of stablecoins against $BTC price. We can see that on the days where BTC drops, the stablecoins swaps volume skyrockets. This shows many retailer lost faith and swap to stablecoin to secure their bag.