Tracking UST on SOL

    There has been a focus of integrating UST in the SOL ecosystem in 2022. Identify the three most popular applications of UST in SOL DeFi in February. Can you calculate yield generated from these pools? Are "whales" more or less likely to transact in UST than USDC or USDT on SOL (can calculate this through avg value of each coin)? Highlight the 10 largest transactions in terms of UST in February. Are there patterns to the "whale" transactions and wallets?

    What is Solana?

    Solana is a blockchain platform designed to host decentralized, scalable applications. Solana can process many more transactions per second, and has much lower transaction fees, than rival blockchains like Ethereum.

    What is UST?

    TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. Its value is pegged 1:1 to the US dollar, making it an ideal medium of exchange on DeFi and TraFi platforms.

    Solana UST Pool Metrics

    (1). Orca UST pool Number of swaps

    (2). Serum UST pool Number of swaps

    (3). Total Yield earned from Orca and Serum UST pools in First half of this February

    Loading...
    Loading...
    Loading...

    Solana Stablecoin Whales

    (1). Daily Transaction volume of Stablecoins on Solana

    (2). Top 30 UST Transactions on Solana by Size

    Loading...

    Conclusion

    (1). The Dex that supports the most UST swaps on solana is Serum its 3 largest UST pools have more swaps than any Orca pool on Solana.

    (2). The Daily volume of UST is much lower than the Daily volume of USDT and USDC and does not seem to be the primary stablecoin of whale because the max transaction size is only 5 million.

    Loading...