Stablecoins
Apr 22, 2024 - USDT, USDC, DAI, TUSD, and FDUSD are the top 5 stablecoins by market. This dashboard analyzes the use of these stablecoins in token transfers and swaps across Ethereum, BSC, and Arbitrum. Ethereum contains $82.21 B worth of stablecoins by market cap, while BSC and Arbitrum contain $4.89B and $3.418B, respectively. Some major takeaways from this analysis are: - While USDT is more dominant in Ethereum and BSC, there seems to be a shift in dominance towards USDC in Arbitrum - Although BSC has a lower market cap of stablecoins compared to Ethereum, it experiences a higher number of transactions and a higher number and volume of swaps
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