Stablecoin Transfer Velocity measures how frequently a stablecoin is used relative to its total supply.
It is calculated as the ratio of the total value of stablecoin transactions (transfer volume) to the circulating supply over a specific time period (in this case, daily).
A higher velocity indicates more active usage, while a lower velocity suggests the stablecoin is mostly being held or underutilized.
FORMULA
Transfer Velocity = Transfer Volume / Circulating Supply
This Solana Stablecoin Report Dashboard is designed to monitor and visualize key performance metrics for six specific stablecoins on Solana:
USDC (EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v)
USDT (Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB)
PYUSD (2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo)
USDH (USDH1SM1ojwWUga67PGrgFWUHibbjqMvuMaDkRJTgkX)
UXD (7kbnvuGBxxj8AG9qp8Scn56muWGaRaFqxg1FsRp3PaFT)
USDS (USDSwr9ApdHk5bvJKMjzff41FfuX8bSxdKcR81vTwcA)
For feedback / Data Requests, please contact me
Twitter/X - @danny_4reel
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Dashboard Credit: The 30 Days Holder Growth(%) Chart was adapted and modified from @Jackguy's Weekly Solana Stable Coin Holders Query
