General Info (Swaps vs Transfers)

1. In this section we have the swaps and transfers based on USDC currency and the number of swaps that took place with this currency since July is 1.35M and the number of transfers are 1.05M. Each of these swaps and transfers in order conclude volume of 40.7B and 31.5B in order.
2. The number of swaps and transfers were made by 107k swaps users and 112k transfer users.
3. The second row left side column form give us a distribution of transfers and swaps based on their volume and we can see over 34% of the swaps had volume of $100-$1000 and on the other hand over 35% of transfers had the volume of less than $10 USDC.
4. The average information of daily number and volume are shown in the following columns in this section as you can see.

Daily and hourly information from July 1, 2022 (Swaps vs Transfers)

1. The daily number of swaps vs transfers in the first graph of second row shows that On Nov 9th the most number of swaps and transfers took place with numbers of 25.6k swap and 13.9k transfer.
2. On the same day as the first line the number of swaps users and transfer users in order are 4096 and 3479, but the most number of swap users we had were on Dec 3rd of 2022 and the most number of transfer users in the graph are on Nov 27th with 6739 in numbers.
3. The daily volume of swaps and transfers graph suggests that the most amount of volume for swaps took place on Nov 15th with 1.6B worth of volume on the other hand the most volume of transfers took place on Jul 28th with 1.5B worth of volume.
4. Same as the daily information of number and volume of swaps and transfers we also have the hourly number and volume of transfers in this section as you can see, you can get more accurate data about the number of swaps and transfers and their volumes during different days and different hours of days since July 1st of 2022 till now.
5. The cumulative amounts at the end of section tell us that swaps numbers and volume are in order, 1.3M and 40.7B, on the other hand we have transfers with 1.05M in numbers and 31.5B worth of volume by the end of Dec 6th 2022.

General Info (Mints vs Burns)

1. The number of USDC burnt tokens are 4119, as also mentioned in the cumulative amounts, and it is approximately 4 times larger than the Minted USDC tokens.
2. The volume of these tokens, same as the cumulative amount in the previous sections, are 1.76B for burnt and 1.18B for minted tokens.
3. Also we can mention that since July till now number of burn users and mint users are both 2.
4. In the distribution of USDC mint and burn tokens based on the volume we can see that over 29% of the burnt token had volume of $100-$1000 and over 46% of the mint tokens hold volume of more than $100000.

Daily and hourly information from July 1, 2022 (Mints vs Burns)

1. The daily number of mints and burns since July, shown in the second rows left side graph tell us that on Jul 28th 356 number of tokens were burnt and only 2 mint tokens were meant to replace.
2. The daily number of mint and burn users also only peek to 2 users on Sep 12th, Oct 27th, Nov 1st, Nov 2nd, Nov 3rd and Nov 10th. On the rest of the remaining days mentioned in the graph, the number of mint and burn users are steady and only 1 per each.
3. Daily volume of minted and burnt tokens say that on Jul 28th the burnt tokens had volume of 475.04M and the minted tokens volume were about 75.2M.
4. in the final two trends we have the cumulative number and volume of the minted tokens and here I will only mention the amounts of Dec 6th 2022.
5. By the end of the graph the Minted tokens are 1410 in numbers and have volume of 1.18B. On the other hand the Burnt tokens number is 4119 with volume worth of 1.76B.

USDC Holders

In conclusion:

First of all, for the new reader, I wanted to say the difference between mint and burn tokens and what they are. In cryptosystem some, simple language, some token become expired after a certain amount of time and they become permanently deleted that is why they are called Burn tokens. On the other hand we have Mint tokens that are injected into the network to replace the burn tokens and make up for the lost number and volume of tokens.

1. In the first two sections we see that Avalanch network has 1.35M number of USDC swaps and 1.05M number of transfers, made by 107k swap users and 112k transfer users. These number of swaps and transfer have volume of 40.7B for swaps and 31.5B for transfers.
2. Over 35% of the transfer transactions have volume of less than $10 and in my opinion it is because, the users who possessed those balances were trying to increase what they have in their wallet, on the other hand most of the swap transactions have much higher volume and the biggest portion of the swap transaction are worth $100-$1000.
3. Since July the number of USDC minted and burnt tokens are in order 1410 and 4119 which hold volume of 1.18B and 1.76B for minted and burnt tokens in order.
4. Not to mention the number of minted tokens are much less than the burnt ones but they hold higher volumes and value compared to destroyed tokens but still they haven’t fully recovered the loss of the burned tokens.
5. Lastly in the final section we have the total number of unique holders which are 71.9k is numbers and over 50k of these wallets hold less than $10 volume. The most rich address on avalanche has volume of 308.39M worth of volume and the least is around 9M as you can see in the final column form above.

What is Avalanche Network (AVAX)?

Launched in 2020 by Ava Labs, Avalanche is a blockchain platform that is smart contract-capable. Avalanche aims to deliver a scalable blockchain solution while maintaining decentralization and security, focusing on lower costs, fast transaction speeds, and eco-friendliness.

Avalanche quickly became popular in the cryptocurrency space, with Avalanche TVL currently worth $8.41 billion and still rising across Avalanche decentralized applications (DApps). Avalanche is powered by its native token Avalanche and multiple consensus mechanisms.

With Avalanche, users can create an unlimited number of customized and interoperable blockchains. To operate a blockchain on the Avalanche coin, AVAX, one must pay a subscription fee.

Question

Lets look at volume of USDC swaps vs transfer by hour since 7/1.

• What is the average amount of USDC transferred vs swapped?
• Show number of unique swapper addresses vs transfer addresses by day for USDC

Next lets look at mints and burns of pairs involving

• Lets look at the volume of USDC mints and burns by hour since 7/1
• How many unique wallets are minting and burning USDC by day
• What is the average mint vs burn for USDC by day
• Note anything else interesting about USDC transactions

What is Avalanche crypto used for?

The native token AVAX is a utility token. AVAX serves as the Avalanche ecosystem’s medium of exchange. In other words, the token is used as currency within the network, typically for fee collection in transactions, incentives and many other use cases.

It is also used for staking AVAX, which serves to secure the network. Stakers are then rewarded with more AVAX. Some users stake AVAX to earn passive income on the network.

What problems does Avalanche (AVAX) solve?

As mentioned earlier, Avalanche was built to address many of the issues most blockchain networks face. By providing an alternative to networks such as Ethereum, platforms like Avalanche work to combat centralization within the crypto space.

Two of the top issues that Avalanche addresses are:

Congestion

Avalanche was deliberately designed with scalability in mind. On par with top-tier payment processors like PayPal and VISA, Avalanche has sub-second transaction times.

Avalanche is also tremendously powerful and efficient, having the capacity to process up to 6,500 transactions per second with sub-second finality. This is a vast improvement on Ethereum’s limitations in terms of the number of transactions that can be processed per second.

Low fees

Considered by many as an Ethereum competitor, Avalanche also trumps Ethereum in terms of gas fees. Fees on Avalanche are more affordable than Ethereum by a wide margin.

Fees on the network are used for various purposes such as for creating and minting assets, staking, transaction fees and blockchain creation, after which these fees are burned, permanently reducing the number of AVAX within the platform.

Used fees are burned because “$AVAX is a hard-capped, scarce asset used to pay fees and secure the network.” Avalanche shared on Twitter. Burned AVAX can be checked on burnedavax.com.

Method

This dashboard consists of the following 5 parts:

1. Daily and hourly information from July 1, 2022 (Swaps vs Transfers)
2. General Info (Swaps vs Transfers)
3. Daily and hourly information from July 1, 2022 (Mints vs Burns)
4. General Info (Mints vs Burns)
5. USDC Holders

Table (==avalanche.core.fact_event_logs==) have been used to make this dashboard.