Introduction

Welcome to our on-chain analysis dashboard! Here, we dive into the intriguing world of the EUROC token, a stable coin pegged to the price of the Euro, operating on the Avalanche blockchain. The brainchild of Circle, this stable coin boasts of various characteristics that position it as a unique player in the evolving digital finance space.

In our analysis, we'll unravel key aspects of the EUROC token, starting with the total supply of the token on Avalanche. Here, we'll explore the quantity of tokens that have been minted or burned, offering insights into how the EUROC token supply has been manipulated to maintain its peg to the Euro.

Next, we'll look at the distribution of the EUROC supply. This involves evaluating how the tokens are distributed among addresses on the Avalanche blockchain. Understanding the distribution can provide insights into the token's utility, ownership concentration, and overall network health.

Finally, we will delve into the usage patterns of the EUROC token. Since its recent deployment on the Avalanche blockchain, it has found its way into various applications and financial activities. We will analyze its utilization in transactions, decentralized applications (dApps), and other DeFi protocols, giving us an overview of the kind of roles this stable coin has played since inception.