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TerraUSD (UST) is the Teor thrra blockchain's decentralized and algorithmic stable coin. Its value is fixed at $1, making it an excellent medium of trade for DeFi and TraFi networks.
Introduction
UST is the stable coin of the terra platform,Terra blockchain has established the Luna Foundation Guard (LFG), a non-profit organization dedicated to supporting the Terra ecosystem and ensuring the stability and acceptance of its most popular stablecoin.Do Kwon, the founder and CEO of Terraform Labs, will lead the charge for the Luna Foundation Guard, which will also include founding member Nicholas Platias and numerous members of the governing council.
This analysis has made it clear that most of the UST holders will be the respective foundations and so they must be ignored to see the users that have held UST tokens the most.Similarly to address the second part DAI tokens are considered and analyzed with the same methodology.
Methodology
The wallets and the type of balance they held are obtained from terra on-chain data sets where the label of the addresses should be in anchor,terra,wormhole or astroport so that none of the sets are avoided and the wallets that had held UST and DAI for the case of mint,bridge or general contract which are only considered to exclude the foundations.
The Top 10 UST holders in the Terra ecosystem are shown.Here the daily analysis is displayed such that the previous day of the analysis is provided as the wallets that have made transactions and obtained UST might alter per day.
The top 10 DAI holders in the ecosystem is also analyzed here.This shows that avalanche address label has made most DAI in the wallets and harmony chain is the least.The same strategy is also employed here that the foundations are expelled out of the analysis to retrieve the well-sorted data.