as you see in the upper 3 chart I found the number of the transaction that swap from SOLANA to USDC,

as you see as a total view we can see that by the time this number of swap decrease , but if we want to know that these number is low or high we should see that the other number of transaction .

so lets do it.

these 3 chart show that the number of the transaction that swap from WETH to USDC as you see these chart are opposed from the SOL to USDC because

• these number is very low than that
• and these numbers motion is not as large as before , I mean that these number of transaction by the time are at the same level but in before the up and down of the chart was big.

after these part lets to see the opposed of these I mean swap of the USDC to WETH and SOL.

these upper chart show the number of the transaction from USDC to SOL

as you see these number is larger than transaction of WETH to USDC and at the same number of the SOL to USDC

and like SOL to USDC these number by the time decrease.

it can because of the price of the BTC.

as you see by the decrease of the price of the BTC these number of transaction from SOL to USDC and opposed USDC to SOL again, decrease.

as you see these upper chart show the number of the transaction that show transaction from USDC to WETH.

as you see these number is as low as WETH to USDC.

and as I said before these chart not have large up and dawn motion like SOL to USDC.

for the analysis the as a total view lets read conclusion part.

conclusion

• as you see in the upper chart show the detail

1- the SOLANAs number of transaction is more than WETH its obvious from chart.

2- the number of the transaction from USDC is more than to USDC but these number is not as large as can watch.

3- the SOLANAs motion of transaction is more than WETH.

4- the SOLANAs transaction are decrease by the time.

5- the WETHs transaction at the same range normally.

6- decrease of the SOLANAs transaction is at the same time from the decrease of the price of the BTC.

7-in SOLANA part, from amount and to amount are not at the same range but if you attention to the WETH part you see that from amount and to amount at the same range.

8- the amount of the SOLANA is more than WETH, like transaction number.

What is USD Coin?

USD Coin (USDC) is a relatively fresh stablecoin pegged to the US dollar. It was launched on September 26, 2018, in collaboration between Circle and Coinbase. USDC is an alternative to other USD backed cryptocurrencies like Tether (USDT) or TrueUSD (TUSD).

In a nutshell, USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. Besides, USDC tokens can be changed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.

Bringing US dollars on the blockchain allows moving them anywhere in the world within minutes, and brings much-needed stability to cryptocurrencies. Also, it opens up new opportunities for trading, lending, risk-hedging and more.

Who is the Team Behind The USD Coin?

USD Coin is developed by the Centre consortium, a partnership between Circle and Coinbase. The technology and governing framework are developed by Centre, while Circle and Coinbase are the first commercial issuers of USDC.

Circle was founded in 2013 by the entrepreneurs Jeremy Allaire and Sean Neville.

Circle is an official Money Transmitter, which makes the company an open financial book. Money Transmitters are US money service businesses that must comply with federal laws and regulations. Before the issuance of USDC, the equivalent amount of USD is with one of Circle’s accredited partners. Consequently, all USDC tokens are regulated, transparent and verifiable.

How Does USD Coin Work?

USD Coins aren’t just being printed out of thin air. Circle guarantees that every USDC token is backed with a single US dollar. The process of turning US dollars into USDC tokens is called tokenization.

Tokenizing USD into USDC is a three-step process:

1. A user sends USD to the token issuer's bank account.
2. The issuer uses USDC smart contract to create an equivalent amount of USDC.
3. The newly minted USDC are delivered to the user, while the substituted US dollars are held in reserve.

Redeeming USDC for USD is as easy as minting the token, except the process is reversed:

1. A user sends a request to the USDC issuer to redeem an equivalent amount of USD for USDC tokens.
2. The issuer sends a request to the USDC smart contract to exchange the tokens for USD and take an equivalent amount of tokens out of the circulation.
3. The issuer sends the requested amount of USD from its reserves back to the user’s bank account. The user receives the net amount equivalent to the one in USDC tokens, minus all incurred fees).

Unlike the most popular stablecoin Tether (USDT), creators of the USD Coin are obligated to provide full transparency and work with a range of financial institutions to maintain full reserves of the equivalent fiat currency.

What Is Solana?

Solana is a fast-growing blockchain with striking similarities to Ethereum—often referred to as an “Ethereum killer.”

Like Ethereum, the SOL token can be purchased on most major exchanges. The token’s real value is in conducting transactions on the Solana network, which has unique advantages.

The Solana blockchain uses a proof-of-history consensus mechanism. This algorithm uses timestamps to define the next block in Solana’s chain.

Most early cryptocurrencies, such as Bitcoin and Litecoin, use a proof-of-work algorithm to define the blocks in their chains. Proof of work uses a consensus mechanism that relies upon miners to determine what the next block will be.

However, this proof-of-work system is slow and resource-heavy, leading to the use of tremendous amounts of energy. This is one reason for Ethereum’s upcoming Merge, where the network will convert to a proof-of-stake system.

Unlike the earlier proof-of-work mechanism, proof of stake uses staking to define the next block. Staked tokens are held as collateral by the blockchain until validators reach a consensus about the chain’s next block.

According to Konstantin Anissimov, chief operating officer at crypto exchange CEX.IO, Solana uses “a mixture of time-tested cryptographic strategies and fresh innovations to address the shortcomings of crypto’s first-wave solutions.”

Powered by its unique combination of proof of history and what’s referred to as delegated proof-of-stake algorithms, the main problem Solana was attempting to solve was Ethereum’s scalability issues. Delegated proof-of-stake is a variation of the more traditional proof-of-stake algorithm.

What Is Wrapped Ethereum (WETH)?

WETH is the wrapped version of Ether. Wrapped tokens, like WETH or Wrapped Bitcoin, are tokenized versions of cryptocurrencies that are pegged to the value of the original coin and can be unwrapped at any point. Almost every major blockchain has a wrapped version of its native cryptocurrency like Wrapped BNB, Wrapped AVAX, or Wrapped Fantom. The mechanism of such coins is similar to that of stablecoins. Stablecoins are essentially “wrapped USD” in the sense that dollar-pegged stablecoins can be redeemed for FIAT dollars at any point. In a similar fashion, WBTC, WETH, and all other wrapped coins can be redeemed for the original asset at any time.

Wrapped coins solve a particular problem: because of the low interoperability of blockchains, native coins of one chain cannot be used on another chain. For instance, you cannot use Bitcoin on the Ethereum blockchain and you cannot use Ether on Bitcoin or Avalanche. Wrapping coins solves this problem by tokenizing them and applying the blockchain’s token standard to the tokenized version of the original cryptocurrency. 

On Ethereum, almost all fungible tokens follow the ERC-20 standard developed in 2015. This token standard was developed to have a standardized set of rules for tokens on Ethereum, which simplified new token launches and made all tokens on the blockchain comparable to each other. Mandatory rules all ERC-20 tokens have to follow are totalSupply, balanceOf, transfer, transferFrom, approve, and allowance. Unfortunately, Ether itself does not comply with the ERC-20 standard. Wrapped Ethereum was developed to increase interoperability between blockchains and make Ether usable in decentralized applications (dApps).

How Does Wrapped Ethereum Work?

Wrapped tokens require custodians to hold the collateral. For instance, if you want to wrap Ethereum, a custodian will hold your Ether and give you Wrapped Ethereum in return. Custodians can be merchants, multi-signature wallets, or simply a smart contract. You send your collateral to the custodian and a wrapped version of your coin is minted. For instance, with Wrapped Ethereum, you could simply go to a DEX like Uniswap and swap your Ether for Wrapped Ethereum. The original Ether is converted to Wrapped Ethereum, but the value stays the same, similar to how dollar-pegged stablecoins work. 

On the Ethereum blockchain, Wrapped Ethereum is needed to swap between tokens on decentralized applications. For instance, some decentralized applications cannot work with Ether as collateral but only with WETH. While Ether is needed to pay for gas, WETH is an ERC20-token that can be exchanged for other ERC-20 tokens on DeFi applications. Other blockchains may have their version of WETH, thereby creating a mirror image of Ether on their blockchain.

as you see in the upper chart ,

in the part of the solana, from amount and to amount are not at the same range but if you attention to the weth part you see that from amount and to amount at the same range.

and as you see the amount of the SOLANA is more than WETH, and it can because of number of transaction, as you know number of transaction in SOLANA is more than WETH.