Analysis

Welcome to our user analysis section, focusing on stablecoin activities on the Avalanche blockchain. Here, you can find comprehensive information concerning the 1.7 million wallets that have transferred stablecoins or have been part of stablecoin-related contract interactions on the Avalanche network. This overview includes a thorough examination of the usage spikes and user behavior, providing a broad view of the stablecoin landscape. Notably, there have been two significant surges in new stablecoin users. The first surge occurred in late 2021, during which we observed a daily increase of between 40,000 to 60,000 new stablecoin users. The second surge, a more prominent one, was in March 2023, with the daily number of new stablecoin users reaching between 100,000 and 120,000. It is noteworthy that during these periods of heightened user influx, these new users constituted over half of the active users on the Avalanche blockchain. In delving into the usage patterns of stablecoin users, we find that 61% of users have interacted with stablecoins for only a single month on Avalanche. Conversely, less than 15% have engaged with stablecoins for more than three months on the platform. These statistics paint a fascinating picture of user behavior, suggesting that many users engage with stablecoins on a relatively short-term basis. Furthermore, our data unveils that the median stablecoin user on Avalanche has executed three stablecoin transactions over a two-month period. This insight could be valuable for those interested in user behavior or looking to develop strategies for stablecoin engagement. This analysis section serves as your resource for understanding the stablecoin user landscape on Avalanche. It empowers you with the data to develop informed insights and strategic plans in the rapidly evolving Avalanche stablecoin ecosystem.

Stablecoins on Avalanche