Solana Protocol Feature: Saber!

    Saber is a decentralized exchange (DEX) for stablecoin swaps built on Solana. Saber functions similarly to the Curve protocol on Ethereum. The Saber DEX allows for low fee swaps of USD stablecoins. There are a number of Solana-based SPL tokens that have the same or similar assets backing them. For example, Solana supports USD Coin (USDC), Tether (USDT) and Terra (UST) that all target the price of USD1.00. The Saber DEX launched on June 1st, 2021 and launched its SBR token on July 15th, 2021. Saber experienced success since launch given the many assets that are bridged from other networks to Solana and require a Solana-native liquid stablecoin swap protocol. In this Dashboard, we'll judge the health of the project using the below metrics: - Swapper Count - Swap Volume - Swap Pairs, Popular Stablecoins - No. of Swaps

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    • We can identify the top user with the most swap amount in the below charts.
    • We can also see how many swappers use Saber Swap feature over time.
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    We will now see the volume of stablecoins swapped and group them with respect to stablecoins.

    • Through this method we will dive deep into the top 2 assets be swap volume and analyse their swap patterns on Saber.
    • This chart will show the daily number of swappers in 2022.
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    In the below charts, We will see the share of these stablecoins in the swap volume and swap count on Saber protocol

    The following chart displays the net inflow/outflow and netflow of swap volume and swap count on Saber.

    Please select the stablecoin from the top panel and press enter!

    Conclusions

    • Most number of Swaps on May 12, 2022. This was during the LUNA-UST death spiral and most users flocked to Saber swap their UST.
    • Highest swap amount in a day was on March 23rd, 2022 with over 100M in swap volume. most of it in USDC.
    • USDC contributed to 60% of swap volume on Saber in 2022 so far.
    • USDT contributed to 11.8% of swap volume on Saber in 2022 so far. UST also accounted for 21.6% of total swap volume despite it’s depeg event in early May 2022.
    • Overall netflow of swap volume of USDC is negative in 2022.
    • Over 600M in USDC swap to/from volume in 2022 and aggregate of 1.2B of swap volume on Saber.
    • Popularity of Saber has been on a downtrend during the bear sentiments after the UST depegging event
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    Below charts show the count of Swaps to/from and swap amount for USDC & USDT