Introduction

The last week of the cryptocurrency market was a fud because of the rising interest rate of the Federal Reserve to 0.75% to control inflation, and after that the market collapsed for the week. One effect of this was the out of peg in UDT on the terra ecosystem, which resulted in a drop in LUNA price to around zero. This causes fluctuations in stablecoins such as USDC and USDT to the above and below of $1.50, respectively.

• So in the current dashboard, I investigated the effect of this event on Stablecoin pegs on various blockchains like Ethereum, Algorand, and Solana. 

Method

• In this dashboard I tried to show PEG on Ethereum and Algorand that have a daily price table, and the number of transactions and daily volume on three blockchains in the five days from May 8th to 13th.

Analysis

Observation

According to the above chart, on May 12th, USDC and USDT were out of PEG, as USDT fell to 0.97 cents and USDC rose to 1.01 dollars.

The volume on the USDC is also twice that of the USDT.

Observations on Algorand blockchain analysis results

• From the above chart, one can see that the peg on Algorand has stayed stable and the price hasn't had significant fluctuations.

• But volume and transactions in an hour had more significant fluctuations, so both of them in USDC were about two times more than in USDT.

Discord: 0xHaM☰d#8391

In Solana Blockchain:

The difference between the count of swaps and the amount of volume of USDC was so much greater than USDT that this was because USDT was out of peg for a day on May 12th.