
The Stablecoin Race
A look back at the growth of major stablecoins since the launch of USDC
A look back at the growth of major stablecoins since the launch of USDC
We calculated the fees that five exchanges paid to process user withdrawals on the Ethereum blockchain during the infamous Black Thursday price shock
DAI and USDC show strong global adoption with slight preference in the West; DeFi tokens seem more popular in the West than East; and Tether is most popular in Asia time zones. Below we look at hourly transaction frequency to dive deeper into user behaviors.
A look at the user activity of USDT, USDC and DAI – the three most popular stablecoins – on Ethereum.
DOGE overall health is down 17.59% in the past six months, driven by a 30.59% decline in Developer Behavior, and 12.77% drop in User Activity. Price has dropped 5.7% in the same time frame.