Avalanche is a future-proof and developer-friendly layer 1 Blockchain protocol.

A Layer 2 is a scaling solution that sits on top of a layer 1 blockchain like Bitcoin or Ethereum. Layer 2's (or L2s) increase the speed and reduce the cost of transacting on a blockchain.

USDC is a digital currency that is fully backed by U.S. dollar assets. USDC is a tokenized U.S. dollar, with the value of one USDC coin pegged 1:1 to the value of one U.S. dollar. The value of USDC is designed to remain stable, making USDC a stablecoin.

In this dashboard we'll have a look at the utilization of USDC on Avalanche compared to Layer 2 blockchains, to be exact on Polygon, Optimism and Arbitrum.
We will explore metrics focusing on Users, Transfers, Swaps, most used Sectors and Protocols and we'll closely analyze usage of USDC on DEXs and CEXs across these chains.

We'll also score 1 point for each subcategory to either L2s or Avalanche based on the performance and compare the results.

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