What is Stablecoin❓

A stablecoin is a form of cryptocurrency engineered for the purpose of maintaining a steady value. Typically, stablecoins are anchored to a reserve asset such as a fiat currency (e.g., US Dollar or Euro) or a commodity (e.g., gold). In contrast to many other cryptocurrencies, which can be exceptionally volatile and subject to significant price fluctuations, stablecoins are designed to offer a more dependable and predictable value. It's essential to bear in mind that, while stablecoins are intended to remain stable, they may not always perfectly uphold their peg due to factors like market demand, regulatory adjustments, or flaws in their underlying mechanisms. Users should exercise caution and conduct thorough research before engaging with or investing in stablecoins.

What is Near❓

Near is a decentralized blockchain platform and cryptocurrency project that aims to provide a scalable and developer-friendly environment for building decentralized applications (DApps) and smart contracts. It is often referred to as "Near Protocol" or "Near blockchain."

Some key features and characteristics of Near include:

• Scalability: Near uses a technology called "Sharding" to improve scalability, allowing it to process many transactions in parallel. This makes it more efficient and capable of handling a large number of users and transactions.
• Low Transaction Costs: Near aims to keep transaction fees low, making it cost-effective for developers and users to interact with the network.
• Developer-Friendly: Near provides tools, libraries, and smart contract languages that make it accessible for developers to build DApps on the platform.
• Security: Near employs advanced cryptographic techniques to ensure the security and integrity of the blockchain.
• Interoperability: Near is designed to be compatible with other blockchains and protocols, enabling cross-chain interactions and interoperability with different blockchain networks.
• Token: Near has its native cryptocurrency called "NEAR" that is used for various purposes within the ecosystem, including paying for transaction fees and participating in network governance.

Near aims to facilitate the adoption of blockchain technology by providing a platform that is user-friendly, cost-effective, and capable of handling a wide range of decentralized applications. Please note that the information provided here is based on my knowledge as of September 2021, and there may have been developments or changes since that time.

⭐Purposes of Dashboard

Stablecoins bring stability, predictability, and functionality to the blockchain ecosystem. This dashboard provides an analysis of stablecoin performance within the Near chain. Presently, the dashboard assesses six significant stablecoins: DAI, USDt, USDT.e, USDC.e, USDC, and USN (the native stablecoin of the Near chain).

The dashboard is structured into 2 primary sections:

• The first section scrutinizes stablecoin swaps within the Near chain. It evaluates the volume and frequency of swaps and tracks trader activity.
• The second part focuses on the movement of stablecoins within this chain, examining transfers and transactions.

This dashboard will evolve with time as new stablecoins are introduced to the Near chain, ensuring its continued relevance and comprehensive coverage.