Introduction

Welcome to this comprehensive dashboard, designed to provide a detailed understanding of the new commodity-backed stablecoins available on Trader Joe. Our goal is to illuminate the activity and behavior associated with these innovative assets, with a keen focus on swaps, user analysis, and overall utilization on the Avalanche blockchain. Our dashboard begins by highlighting the swap activity of these commodity-backed stablecoins issued by LODE, revealing trends and insights on trading volume, liquidity, and swap pairs. By examining these metrics, we aim to provide a vivid picture of the dynamic market behavior surrounding these assets. Next, we delve into user analysis to discern the type of users interacting with this asset class. We explore various dimensions, including their participation in Decentralized Finance (DeFi), ownership of Non-Fungible Tokens (NFTs), and whether they have onboarded liquidity from a Centralized Exchange (CEX). This information will help us understand the demographic profile of these users and their investment behaviors. We then study the distribution of these tokens among their holders, examining factors like the duration of user activity on the Avalanche blockchain and the primary transactions associated with these users. This analysis will give us a clearer sense of how these tokens are disseminated among the user base and their blockchain engagement levels. Lastly, we assess the broader utility of these assets within the Avalanche network. We investigate whether users are merely holding these tokens or using them in other on-chain activities. This evaluation will allow us to understand better the broader impacts and implications of these new assets on the Avalanche ecosystem. By the end of this dashboard, we aim to present a holistic understanding of the new commodity-backed stablecoins on Trader Joe, the behaviors of their users, and their role in shaping the future of the Avalanche blockchain. We hope this in-depth analysis proves useful for both new and experienced users alike, offering key insights into this exciting development in the blockchain and DeFi space.

Commodity Backed Stables on Avalanche