Thread by @thetokenanalyst

Stablecoins have become an increasingly important part of the crypto ecosystems. We could not find a reliable source to truly analyze their on-chain activity, so we decided to build it. 👷‍♀️ 👇 THREAD

tokenanalyst.io/stablecoins

We created a simple snapshot that looks at the key statistics for stablecoins over the current 24-hour window. (USDT is ERC20 only, not OMNI).

Not only that you can also see a snapshot of the on-chain volume and transaction counts to compare across token. Of course, all data that is displayed is available for download 😉

If you are about that low-latency life, our live-feed has got you covered. We stream significant transactions as soon as they are mined from the nodes to you (stablecoin transactions don't occur that often on ETH)

If you are more of a history buff, USDT dominates stablecoin volumes on Ethereum. In fact, daily USDT volume is more than the volume of all other stablecoins combined

$DAI on the other hand is the most transacted stablecoin, strengthening the thesis that DAI is the medium of exchange for #DEFI @makerdao @richatmakerdao

No 'stablecoin' analysis is complete without price (cough cough @MKR stability fee). $USDC comes in first with least price volatility @coinbase @circlepay

As always, please send us your feedback and don't hesitate to reach out if you want real-time or historical access to this data ([e-mail]) 🙏

@Tether_to @Gemini @circlepay @PaxosStandard