Stable coin Popularity.

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. Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto. Its internal cryptocurrency is SOL. The bounty query is to create a visualization of the transactions done using stable coins in this Solana platform. the Three stable coins that are involved in Solana transactions are :

Stable Coins:

1.UST(WORMHOLE) :- 9vMJfxuKxXBoEa7rM12mYLMwTacLMLDJqHozw96WQL8i
2.USDT :- Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
3.USDC :- BXXkv6z8ykpG1yuvUDPgh732wzVHB69RnB9YgSYh3itW

Here the transactions are tracked throughout the month of January.The data is retrieved from app.flipside and SQL Query is used to output the essential data.

This graph shows the distribution of the 3 stable tokens in the month of January. Here the USDT token is found to have more involvement in the transactions and the USDC token stands in second place.

This line graph displays the trend that is followed by all three stable tokens. As seen there is not much USTadoption in the Solana ecosystem this month. The trend follows such that the USDT token will have more transactions in the Solana ecosystem and the USDT follows the USDC, Still, there are a few transactions in this UST token that can increase in the subsequent months.

This pie chart simply represents the total transactions done in the shole month of January in the SOLANA platform.

Conclusion

This may be because the USDT is the most stable coin among all others, and then the USDC comes second place. All these may be due to the less risk element in price manipulation but the Terra UST is likely to have price manipulations that made its transactions less in the SOLANA platform.