Stablecoin Trends

    As Uniswap TVL hits ATH $4.5B, stablecoins demonstrate their worth.

    The total supply of stablecoins is present $177 billion, accounting for around 10% of the overall cryptocurrency market capitalization. Tether currently controls around 45 percent of the market, while USDC now controls 29 percent.

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    Methodolgy

    The bounty here has taken the transactions of all the stable coins in the Uniswap platform that include 'USDT','USDC','BUSD','DAI','UST' where their volume transacted and their activity is also accounted to see their trend over the chosen period of time.

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    The chart above displays the activity of the chosen stable coins in the uni swap platform. This indicates that USDC$ token had contributed the most to the Uniswap platform for the chosen period of time.

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    The transactions done using all the stable coins are chosen here. This indicates that almost every stable coin had contributed more or less equal shares in the transactions that had accounted for the activity in the platform.

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    To confirm the stable coins their value is plotted with the USD and it shows a linear distribution that confirms the stability of the coins in the Uniswap platform.

    Conclusion

    To conclude The most popular stable coin the Uniswap is USDC$ and its stability with USD and the transactions volume is proof for their usage.In addition to this, The BUSD$ token had faced an great declination in their usage and their volume of the usage is also very negligible when compared with other tokens.