The dashboard provides an in-depth analysis of stablecoins' activities on Sushiswap DEX within Arbitrum, Avalanche, Binance Smart Chain, Ethereum, Optimism, and Polygon blockchains. Some answered questions in this analysis are:

The most actively traded stablecoins?

Monthly (Default)/Weekly/Daily volume and inflow/outflow of stablecoins through Sushi on various chains?

Which chain has seen the most stablecoin activity pick up in the last X (Default = 3) months?

** The analyzed stablecoins in this dashboard are USD-Pegged (such as USDC, USDT, DAI, TUSD, BUSD, MIM, etc) EURO-Pegged (such as agEUR, jEUR) and gold-pegged(such as PAXG, XAUT and DGX).

What is Sushiswap?

Sushiswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies in a trustless and permissionless way. It is mainly built on the Ethereum blockchain and is an automated market maker (AMM) that uses a pricing algorithm to determine the value of assets.

Sushiswap was launched in 2020 as a fork of Uniswap, another popular DEX. However, Sushiswap has since developed its own unique features and governance structure. One of its most notable features is the $SUSHI token, which is used for governance and as a reward for liquidity providers.

Users can trade a wide variety of cryptocurrencies on Sushiswap, and liquidity providers can earn fees by providing liquidity to the exchange. Sushiswap has also introduced other features, such as yield farming and a decentralized limit order book, to attract users and increase liquidity on the platform. Overall, Sushiswap has become a popular alternative to traditional centralized exchanges for those looking for a decentralized trading experience.

What is Stablecoin?

A stablecoin is a type of cryptocurrency that is designed to maintain a stable value relative to a particular asset or basket of assets. The most common type of stablecoin is pegged to the value of a fiat currency, such as the US dollar or Euro, or even Gold but there are also stablecoins pegged to other assets, such as commodities or cryptocurrencies.

Stablecoins are intended to provide the benefits of cryptocurrencies, such as fast and low-cost transactions, without the volatility that is characteristic of most cryptocurrencies. This makes them useful for a variety of applications, such as trading on cryptocurrency exchanges, facilitating cross-border payments, and providing a stable store of value.

There are different types of stablecoins, but most operate by using a reserve of the underlying asset that is held by a central authority or through a smart contract. The central authority or smart contract ensures that the supply of stablecoins in circulation matches the amount of the underlying asset held in reserve, thereby maintaining the stable value of the stablecoin.

Some of the most popular stablecoins include Tether USD (USDT), USD Coin (USDC), MakerDAO DAI (DAI), Binance USD (BUSD), True USD (TUSD), Decentralized USD (USDD).

What is Token Swapping?

Crypto token swapping is the process of exchanging one type of cryptocurrency token for another type of cryptocurrency token. This process can be done on a decentralized exchange (DEX) such as Sushiswap or a centralized exchange (CEX), depending on the platform used by the user.

Dashboard by Ali3N

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