Stablecoin Dominance

Q20. Compare the transaction volume for USDC, USDT, and DAI on Osmosis. Is there a stable coin that Osmosis users prefer?

Method

USDC (USD Coin): ibc/9F9B07EF9AD291167CF5700628145DE1DEB777C2CFC7907553B24446515F6D0E
USDC (USD Coin) : ibc/D189335C6E4A68B513C10AB227BF1C1D38C746766278BA3EEB4FB14124F1D858
DAI (Dai stablecoin) : ibc/0CD3A0285E1341859B5E86B6AB7682F023D03E97607CCC1DC95706411D866DF7
DAI (Dai stablecoin) :ibc/F292A17CF920E3462C816CBE6B042E779F676CAB59096904C4C1C966413E3DF5
USDT (Tether USD) : ibc/8242AD24008032E457D2E12D46588FD39FB54FB29680C6C7663D296B383C37C4
From : I used the osmosis.core.fact_swaps table to get the volume and number of swaps (from), then joined with the osmosis.core.dim_labels table. I filtered from_currency that is in the list of addresses above.I got the data based on the last three months.
To : I used the osmosis.core.fact_swaps table to get the volume and number of swaps (to), then joined with the osmosis.core.dim_labels table. I filtered from_currency that is in the list of addresses above.I got the data based on the last three months.

The next chart shows daily total swaps (to) for USDC, USDT, and DAI on Osmosis(The last three months).According to the chart, USDC (USD Coin) has more swaps than USBDT (Tether USD) and Dai (Dai Stablecoin).On Jun 13, 2022 USDC has the highest number of swaps with 7829.

Compare the volume and number of swaps (From)

The next chart shows daily total transaction volume (from) for USDC, USDT, and DAI on Osmosis(The last three months). According to the chart, USDC (USD Coin) had a larger volume than USDT (Tether USD) and Dai (Dai Stablecoin).On May 12, 2022 USDC had the largest volume with about 7.45M.

The next chart shows share total transaction volume (from) for USDC, USDT, and DAI on Osmosis(The last three months).As mentioned earlier, USDC has the largest share of the total volume of stable coins with 92.7%.

The next query shows total transaction volume and swaps (from) for USDC, USDT, and DAI on Osmosis(The last three months).In terms of both volume and number of swaps, USDC has the highest value.

The next chart shows daily total swaps (from) for USDC, USDT, and DAI on Osmosis(The last three months).According to the chart, USDC (USD Coin) has more swaps than USBDT (Tether USD) and Dai (Dai Stablecoin).On Jun 13, 2022 USDC has the highest number of swaps with 6121.As of May 7, 2022, the number of Dai swaps has risen sharply.

The next chart shows share total number of swaps (to) for USDC, USDT, and DAI on Osmosis(The last three months). USDC has the highest number of swaps with 85.2%.

The next query shows total transaction volume and swaps (from) for USDC, USDT, and DAI on Osmosis(The last three months).In terms of both volume and number of swaps, USDC has the highest value.

The next chart shows share total number of swaps (from) for USDC, USDT, and DAI on Osmosis(The last three months). USDC has the highest number of swaps with 83.9%.

Compare the volume and number of swaps (To)

The next chart shows daily total transaction volume (to) for USDC, USDT, and DAI on Osmosis(The last three months). According to the chart, USDC (USD Coin) has more volume than USDT (Tether USD) and Dai (Dai Stablecoin).On May 12, 2022 USDC had the largest volume with about 7.63M.

The next chart shows share total transaction volume (to) for USDC, USDT, and DAI on Osmosis(The last three months).As mentioned earlier, USDC has the largest share of the total volume of stable coins with 92.6%.

Conclusion