Q108. Compare the behavior of USDC swappers with BUSD swappers.

What is their volume and swap rate? Feel free to look at other metrics that you find interesting about swapping behavior.

Do those results change if you only include synthetics?

Posted on July 2, 2022

This dashboard will give you

• Shows the behavior of swappers of all USDC, BUSD stablecoins
• Shows the behavior of synthetic USDC, synthetic BUSD stable coin swappers

BUSD, USDC Swaps

In the two charts below, the number and volume of swaps made with stable coins USDC and BUSD are shown based on the weekly time frame, based on which it can be said that the number and volume of swaps made with BUSD is much more than USDC. However, USDC swaps have been trending higher over time

Swap BUSD Synthetic, USDC Synthetic

In the following charts, the number and volume of swaps with BUSD synthetic and USDC synthetic stable coins are shown. As you can see, until a few months ago, the volume and number of swaps with BUSD synthetic was more than USDC synthetic, but since Around April 25, this trend changed and the volume and number of USDC synthetic swaps increased a lot, and BUSD synthetic swaps decreased a lot.

As a result, if we examine the behavior of USDC and BUSD swappers in their native and synthetic modes, we can see that BUSD is generally used more, but if we only consider their synthetic mode, we can see that USDC in the last few months is much more than BUSD is used.