Objective for this dashboard

The purpose of this analysis is to analyze the volume of USDC transfers on Algorand, Solana, and Ethereum in 2022. For the year 2022, we compute the daily amount of USDC transferred between wallets and the daily number of USDC transactions sent between wallets on each blockchain. Finally, we calculate the average USDC transaction size in 2022 for each blockchain.

As seen by the above result, the daily volume of USDC in the Algorand ecosystem is considerably more than that in the Ethereum and Solana ecosystems. This result indicates that the USDC volume is widely used in the Algorand network.

Analysis I:

On each blockchain, we determine the daily amount of USDC moved between wallets and the daily number of USDC transactions transferred between wallets for 2022.

According to the aforementioned finding, the daily volume of USDC transactions on the Algorand chain is more likely to be lower than on the Solana or Ethereum chains, indicating that Algorand users transfer a large amount of USDC each transaction.

Analysis II:

The final section is to calculate the average USDC transaction size in 2022 for each blockchain.

As seen in the two most recent findings, the average USDC transfer size on Algorand is significantly greater than on Solana or Ethereum, showing that the result proved that Algorand users often transfer a substantial amount of USDC per transaction.