USDC (USD Coin) is a popular stablecoin in the cryptocurrency ecosystem, known for its stability and peg to the US dollar. It plays a crucial role in enabling users to transact and store value in a digital asset that maintains a relatively stable value.

In this analytic dashboard, we will delve into the usage of USDC on Avalanche, a fast-growing blockchain platform, and compare it to several Layer 2 (L2) scaling solutions, namely Optimism, Arbitrum, and Polygon. By examining various metrics and statistics, we aim to provide insights into the utilization, minting/burning activity, holder distribution, transaction velocity, and swapping patterns involving USDC across these platforms.

Analyzing USDC on Avalanche vs. L2s:

• Minting and Burning Activity: We will examine the minting and burning of USDC on Avalanche, Optimism, Arbitrum, and Polygon. This analysis will shed light on the creation and destruction of USDC tokens, providing insights into the overall token supply dynamics and the growth of each platform.

• Number of Holders: By studying the number of unique USDC holders on Avalanche and L2s, we can understand the level of adoption and user participation on each platform. Comparing the distribution of holders can reveal potential differences in user preferences and network effects.

• Velocity of USDC Transfers: We will analyze the velocity of USDC transfers on Avalanche and L2s. This includes examining the frequency and speed of transactions involving USDC, providing insights into the liquidity and transactional activity within each ecosystem.

• Average Amount of Transfers: Understanding the average amount of USDC transferred on Avalanche and L2s will provide insights into the typical transaction size and the scale of economic activity associated with USDC on each platform.

• Protocols Utilizing USDC: By labeling and categorizing transactions, we will identify the protocols and applications that make the most significant use of USDC on Avalanche and L2s. This analysis will help identify the sectors where USDC finds the highest utility and adoption.

• Swapping Activity: Finally, we will explore the swapping activity involving USDC on Avalanche and L2s. By examining the assets users are swapping to and from when involving USDC, we can identify the preferred trading pairs and gain insights into users' investment strategies and token preferences.

By examining these key metrics and analyzing the narrative of USDC usage on Avalanche compared to L2s such as Optimism, Arbitrum, and Polygon, we can gain a comprehensive understanding of the ecosystem and highlight any notable trends or differences that emerge. This information will assist in decision-making processes and provide valuable insights for stakeholders, investors, and developers involved in the USDC and L2 space.