Introduction

What is osmosis?

Osmosis is an automated market maker (AMM) built with the Cosmos SDK; it specializes in the InterchainDeFi movement (Tendermint-based blockchains) in the Cosmos ecosystem. In other words, Osmosis is a decentralized exchange specifically built for Cosmos, with plans to expand to more blockchains.

Think of Cosmos as the sandbox, and Osmosis as something that can connect all the various dApps. As a DEX, Osmosis nurtures a heterogeneous and interoperable cross-chain trading experience.

Osmosis is currently the most dominant, accounting for roughly 40% of the total inter-blockchain transfers on Cosmos. IBC compatible blockchains (such as Cosmos, Regen, Akash, and more) can be seamlessly swapped on Osmosis, with fees generally under $1.00.

To best understand the Osmosis value proposition, it’ll help to first explore the Cosmos ecosystem and some DeFi & DEX basics. Source

What Are Stablecoins?

A stablecoin is a type of cryptocurrency that relies on a more stable asset as a basis for its value. Most commonly, people refer to stablecoins as linked to a fiat currency, such as the U.S. dollar, but they can also have value linked to precious metals or other cryptocurrencies. Stablecoins are essentially a less volatile cryptocurrency with greater potential to resemble the types of currencies people already use everyday.

All stablecoins are backed by some sort of asset or a combination of assets in a reserve; it could be gold, cash, or even short-term corporate debt called commercial paper. The idea is that the money in the reserve serves as collateral for the stablecoin – whenever a stablecoin holder cashes out their tokens, an equal amount of assets is taken from the reserve.

Method

Here i use osmosis.core.fact_swaps table to calculate the volume of each stablecoins.I use this table too to show the top assets swap to these stable coin and vice versa

Conclusion

When we look at the StableCoins volume chart, we find that Die has the most volume, so it is definitely more popular than other StableCoins.

Thanks for reading

All data used are from Flipside Crypto.
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