EVM - 32. USDC: AVAX vs L2

    Explore the amount of USDC that has been minted and burned on each chain. Dive into the number of holders, the velocity of USDC transfers, the average amount of transfers, and any other statistics that craft a narrative of USDC usage on Avalanche compared to L2s Optimism Arbitrum and Polygon. Next using labels, dive into what protocols we see USDC being used most heavily on. Lastly, look at swapping activity involving USDC. What assets are users swapping to and from that involve USDC?

    Introduction
    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.

    The Avalanche blockchain reportedly can process 4,500 transactions per second. 1 Avalanche. "Overview."

    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.

    resources

    USDC.e on Avalanche is a token representing USDC on Avalanche that was bridged from the Ethereum blockchain via the Avalanche Bridge.

    For example, when sending USDC over the bridge to the Avalanche Network, it will appear as USDC.e once the transaction is completed.

    If you don't immediately see the USDC.e after a successful transaction, you may need to add the token to the wallet you are using so it shows your balance of USDC.e.

    Note that sending USDC.e back is the same process but in reverse, resulting in USDC.e turning into USDC.

    You can swap USDC.e for Avalanche native USDC using DEXs on Avalanche.

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    USDC.e on avalanche:
    L2s:

    Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks. L2s:

    Optimism

    Arbitrum

    Polygon

    Are some of the L2 blockchains

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    CONTENTS: comparing Swaps on Avalanche VS L2s where USDC involved

    Holders of USDC on L2s and Avalanche

    Mint and Burn numbers of USDC

    A look into the protocols which USDC used on

    Above you can see the list of the topics we are going to debate on this Dashboard.

    For this Analysis the tables:

    ez_token_transfers,

    dim_labels,

    swaps

    have been used to get the needed informations for the Dashboard.

    For minting and burning part the address which Minted from and Burned to is:

    0x0000000000000000000000000000000000000000

    NOTE: CREDIT

    For some parts of the dashboard i got inspired and guided from "@jackguy" works