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HUBBLE USER STATUS
From Apr 2022 forward, the number of people actively using Hubble has been steadily declining. As with the number of new Hubble users, which peaked at over 800 in the opening days of the project's inception and has since dropped dramatically, Hubble has seen a sharp decline in its user base since then.
According to the pie chart, the number of users whose balance is between one and one thousand dollars is more by 96%
As of this moment, there are 4930 total users.
Hubble
Hubble is a DeFi protocol built on Solana. Its stablecoin, USDH, is able to be borrowed against a user's assets, providing more liquidity in their long-term holdings. HBB is Hubble's governance token which can be staked and will become the protocol's governance token when it transitions to be a DAO.
METRIC
Hubble user stat
Minrt?/burn ratio
USDH stat
USDH Circulate in the HUBBLE
The first days of the chart showed a significant amount of USDH flowing on the Hubble protocol, however after that, the amount of USDH flowing gradually dropped until September .
Hubble has been showing a lot of USDH flow after September.
There has been a noticeable uptick in the amount of USDH being sent to Hubble, particularly since the month of September began.
The status of stablecoins in Solana Ecosystem
We can observe with the highest volume of USDH swaps occurring around the middle of June.
There was a weekly rise in the number of people engaging in swaps from late January to mid-April, and then a subsequent weekly fall.
As it is clear, on May 9, we see a very good volume of stablecoin transactions, but recently, in addition to the decrease in USDH volume, the transaction volume of all stablecoins has decreased drastically due to market conditions. In January, the transaction volume of this stablecoin was one million dollars, but recently it dropped below one hundred thousand dollars, which is completely in line with other stablecoins like usdc popular stablecoin.
Analysis of USDH Swap Trades on the Solana Market, Segmented by Exchange
Jupiter is the most frequently used exchange software on Solana for USDH on a daily basis by user .
jupiter swap second most activity by user , USDH activity on to all protocol has dropped recently.
Saber and Jupiter are in the top positions in terms of the volume exchanged in the dexes, the volume withdrawn from Saber in July is impressive.
conclusion
Since Apr 2022, fewer individuals have used Hubble.
96% of users have a balance between $1 and $1000, according to the pie chart.
There are 4930 users now. Mint activity peaked early, then declined gradually.
The first several days of the figure showed a lot of USDH flowing on the Hubble protocol, but then it rapidly decreased till September.
Since September started, Hubble has received more USDH. The most USDH exchanges occur in mid-June.
From 9th may , the volume of all stablecoins has dropped dramatically.
In January, this stablecoin's transaction volume was $1 million, but it's now around $100,000
Jupiter swap has second-most user activity, while USDH activity has declined.
Saber and Jupiter have the most volume in the dexes, and Saber's July withdrawals are outstanding.
