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PolyGon Hardfork Dashboard
Mar 3, 2023 - The Polygon network has undergone a significant transformation since the hard fork was implemented, leading to both positive and negative effects on its performance. While there has been a slight decrease in the number of daily users and transactions, the hard fork has had a notable impact on transaction fees. The average fees have increased significantly, with a rise of 300-400% when measured in MATIC and 400-500% when measured in USD. The network seems to be handling a similar load as before the hard fork, but with higher transaction fees. This increase may indicate a rise in usage but also suggests that the hard fork has not succeeded in its intended goal of reducing gas fees and preventing frequent reorg
SVB Bank Collpase
Mar 23, 2023 - As a DeFi analyst, I've been closely tracking the impact of the recent USDC depegging crisis on the DeFi ecosystem using flipside warehouse, Sql and excel. One important question that has arisen is which stablecoins were affected by the depeg and how it impacted the market. After USDC's depeg, many users were concerned about potential losses and decided to sell their USDC. The majority of these users converted their USDC to other stablecoins, with the largest swap being from USDC to USDT, followed by WETH. This shift happened quickly, with the majority of swaps taking place in the first hour and transaction volumes gradually declining over time. It's interesting to note that in the early hours following the depegging event, many users showed fear and transferred their assets to both centralized and decentralized exchanges (CEXs and DEXs). Approximately 70% of the transferred amount went to these exchanges, with Coinbase receiving the largest amount of USDC among CEXs. Overall, this event highlighted the importance of risk management in DeFi and the potential risks associated with stablecoins. As DeFi continues to grow and mature, it's crucial for investors and analysts to stay informed and make informed decisions to mitigate risks and ensure sustainable
