Try Quests to earn SEI🌊Performance analysis of stablecoins on the Sei
🌊What is Stablecoin❓
A stablecoin is a type of cryptocurrency engineered for maintaining a steady value, often linked to a reserve asset like a fiat currency (such as the US Dollar or Euro) or a tangible commodity (like gold). Unlike many other cryptocurrencies, which can exhibit substantial price volatility, stablecoins strive to offer a more dependable and predictable value. However, it's crucial to understand that although stablecoins are designed for stability, they may not always perfectly retain their peg due to factors like market demand, regulatory adjustments, or inherent operational issues. Users are advised to exercise prudence and conduct thorough research before utilizing or investing in stablecoins.
💧What Is Sei Blockchain❓
Sei is an innovative Layer-1 (L1) blockchain designed to revolutionize trading across decentralized finance (DeFi), NFTs, and GameFi. Sei works by implementing innovative features to improve DEX performance and security. It prevents front-running through frequent batch auctioning, ensuring secure order execution without overloading the blockchain. Sei also uses native price oracles for reliable data feeds and executes orders within a single transaction, reducing complexity. It bundles orders to optimize gas costs for market makers and professional traders.
💰Purposes of Dashboard
Stablecoins offer stability, predictability, and utility within the blockchain ecosystem. In this dashboard, we analyzed Stablecoin performance on the Sei chain. This dashboard consists of 3 main sections: In the first section, the swap of stablecoins in the Sei chain is examined. In this section, the volume and number of swaps as well as the activity of traders are evaluated. In the second part, the internal transfers of stablecoins in this chain are examined. In the third part, the liquidity of various stablecoins in the Sei chain is analyzed.