WHAT IS AVALANCHE?

Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support a variety of blockchain projects.

The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees, secure the Avalanche network, and act as a basic unit of account among blockchains in the Avalanche network. KEY TAKEAWAYS Avalanche is a blockchain platform with the native currency AVAX. Avalanche is a competitor to Ethereum that prioritizes scalability and transaction processing speed. AVAX is used to secure the Avalanche blockchain and pay transaction fees across the network. Transaction fees and the rate of AVAX coin creation are determined using a governance model. The Avalanche blockchain reportedly can process 4,500 transactions per second. 1 Launched in 2020, Avalanche aims to be fast, versatile, secure, affordable, and accessible. 2 In addition, Avalanche is an open-source project, meaning anyone can view and contribute to the platform's code.

https://www.investopedia.com/avalanche-avax-definition-5217374

https://www.escrypto.com/blog/what-is-euro-coin-euroc-and-how-do-i-use-it

EUROC:

As everyone knows, the cryptocurrency markets are highly volatile places. Drastically fluctuating prices are what enable some people to generate a large amount of money from little investment. However, this volatility also puts off investors looking for more secure and stable currencies to invest in. This is where stablecoins such as Euro Coin (EUROC) and USD Coin (USDC) come in.

Launched back in June 2022, Euro Coin (EUROC) became the first stable coin backed 100% by the Euro. The aim of EUROC is to maintain a value equivalent to €1 at all times. This is achieved by backing the currency with Euros. For every EUROC printed, €1 is added to euro-denominated, U.S-regulated bank accounts.

Stablecoin?

As its name suggests, a stablecoin is a cryptocurrency that is designed to have a stable price. For mass-market adoption to occur and to draw in cautious investors, the cryptocurrency markets need to offer both volatile and stable asset classes. Stablecoins provide familiarity for those who don’t understand the pricing of traditional cryptocurrencies while giving familiarity to investors who haven’t yet ventured into the space.

Seasoned crypto investors may also turn to the Euro stablecoin to avoid volatile market swings without having to remove their crypto from the market. Before stablecoins, when market conditions were rough, investors would have to ride the storm or swap their crypto for fiat currency to get out of the market. Now, with a Euro stable coin, they can remain in the market without the risk of unpredictability.

Usually, these currencies hold a value that is similar to fiat currencies, such as the U.S Dollar and Euro. This price parity is achieved by backing said stablecoins with fiat currency in regulated bank accounts.

In this analysis we are looking at the newly came stablecoin into AVALANCHE system called EURO coin or known as EUROC . and take a deep look into the swaps,transfers, and the holders and number of transactions of this stable coin.

Ethereum contract Address = https://etherscan.io/token/0x1aBaEA1f7C830bD89Acc67eC4af516284b1bC33c

Avalanche contract address = https://snowtrace.io/token/0xc891eb4cbdeff6e073e859e987815ed1505c2acd for the avalanche address

creator address = 0x0000000000000000000000000000000000000000

these three addresses have been used for the datas provided.

special thanks to @stangfast and @smoldata for their great guidence for this dashboard