Try Quests to earn cryptoStablecoin Landscape on DEX
Analyse the stablecoin landscape on Sushiswap, identifying the various tokens available and their main metrics (volume, number of swaps, TVL, and other relevant for you). Which one is the most successful? Is it the same at Uniswap?
Introduction and methods
The growth of non-volatile assets pegged to a fiat currency has been a one of the clear trends in crypto in the last few years. However, during the past days, a big fatal event occurred when Terra UST peg token started to depegging from $1.
In this dashboard we are gonna try to find different types of stablecoins models and we will compare between them analyzing different metrics such as:
Number of swaps Number of swappers Swapped volume Longevity Number of pools TVL
The analysis will be carried out considering not only Sushiswap but also Uniswap DEX and we will try to compare both.
In the cases of the number of swaps and swappers, the most popular stablecoins are USDC,USDT and DAI, followed by the UST. THe other stablecoins have lower values.
In terms of net swapped volume the same occurred. In this case, the most popular is USDC followed by USDT and sUSD.
USDC, USDT, DAI and sUSD havee concentrated in more pools than UST, being USDC and USDT the most popular pools being in at least 150 pools each.
The netflow users was negative for the major of the stablecoins, and basicallly for the most important ones in terms of activity.
In the cases of the number of swaps and swappers, the most popular stablecoins are USDC,USDT and DAI, followed by the sUSD in this case. THe other stablecoins have lower values.
In terms of net sswapped volume the same occurred. In this case, the most popular is USDC followed by USDT and sUSD. DAI was the unique stablecoin that have a negative netflow.
USDC, USDT, DAI and sUSD havee concentrated in more pools than UST, being USDC and USDT the most popular pools being in at least 140 pools each.
The netflow users was negative for the major of the stablecoins, and basicallly for the most important ones in terms of activity.
Finally, comparing the number of swaps and pools by each stablecoin on both Sushiswap and Uniswap, we can see how the ranks and the numbers looks pretty similar. The difference is that the number of pools and activity in Uniswap is higher than in Sushiswap.