what is Avalanche?

Launched in 2020 by Ava Labs, Avalanche is a blockchain platform that is smart contract-capable. Avalanche aims to deliver a scalable blockchain solution while maintaining decentralization and security, focusing on lower costs, fast transaction speeds, and eco-friendliness.

Avalanche quickly became popular in the cryptocurrency space, with Avalanche TVL currently worth $8.41 billion and still rising across Avalanche decentralized applications (DApps). Avalanche is powered by its native token Avalanche 

AVAX

With Avalanche, users can create an unlimited number of customized and interoperable blockchains. To operate a blockchain on the Avalanche coin, AVAX, one must pay a subscription fee.

Methodology

In this dashboard, I am going to analyze token USDC from blockchain Avalanche. First, I will compare swap and Transfer and then compare Mint and Burn. which is the address of USDC in the blockchain of Avalanche is

‘0xb97ef9ef8734c71904d8002f8b6bc66dd9c48a6e’.

I have used the following table → avalanche.core.fact_event_logs

The time is from the first of July.

Swap & Transfer (USDC)

According to the graphs, the number of transaction in Swap is more than Transfer (300K) and the number of users in Transfer is more than Swap (5K3) . And the volume in Transfer is better than Swap (26.5B) .

Transaction: Swap - Transfer

                   1.352M-1.06M=0.292M

Number Users: Transfer - Swap

                    112.9K-107.8K=5.1K

Volum : Transfer - Swap

                     31.6B-5.12B =26.48B

                     

==Swap&Transfer (Daily)==

==Swap&Transfer (Hourly)==

The graphs above show daily and hourly Swap and Transfers.

We can see that Swap is more than Transfer in terms of the number of transactions and the number of users, and on November 18th, we can see Transfer surpassing it.

The most Swap and Transfers were on November 8, which is due to the bankruptcy of the swap.

Mint & Burn (USDC)

==Mint & Burn (Daily)==

According to the graphs, the number of transaction in Burn is more than Mint (2713) and the number of users in Mintis equal Burn(0) . And the volume in Burn is better than Mint (0.571B) .

Transaction: Burn- Mint

                   4140-1427=2713

Number Users: Burn- Mint

                    2-2=0

Volum : Burn- Mint

                     1.77-1.199=0.571B

==Mint & Burn (Hourly)==

The graphs above show daily and hourly Mint and Burn.

We can see that Burn is more than Mint in terms of the number of transactions and the number of users.