Introduction:

Avalanche Network is used for a variety of purposes, including decentralized finance applications, cross-chain asset transfers, and other blockchain use cases. Avalanche offers a bunch of benefits such as high scalability, fast transaction speeds, robust security, and developer-friendly features that makes it a strong contender in the blockchain space.

Stablecoins are cryptocurrencies that are pegged to “stable” assets like the US dollar. For example, one USDT is equal in value to one US dollar. The key difference between a "real" US dollar and a stablecoin US dollar is that the stablecoin lives in the crypto realm, meaning stablecoins exist on public blockchains like Ethereum Learn more

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About 11 months ago, Circle launched the euro stablecoin 100% backed by euros called euro coin (EUROC) as its second major fiat-pegged token, following usd coin (USDC). The EUROC stablecoin was initially launched on the Ethereum blockchain as an ERC20 token. Currently, there are approximately 47.11 million EUROC in circulation, according to statistics from etherscan.io. Recently Circle brought Euro Coin natively to Avalanche, which now makes Euro Coin the latest Circle-issued stablecoin to go multi-chain. Avalanche EUROC is now available to efficiently send, spend, save, lend and borrow in the innovative Avalanche ecosystem.

• The euro-backed stablecoin will bring more liquidity to the Avalanche network, Circle said in a press release.
• Developers using USDC can now easily integrate Euro Coin.
• Wallets that support Euro Coin on Avalanche include Coinbase Wallet and MetaMask.

Methodology:

To perform this dashboard, I primarily utilized the avalanche.core.ez_token_transfers and avalanche.core.ez_dex_swaps tables from the Avalanche schema.

To calculate the total supply of EUROC, I employed the following approach:

• Transactions where from_address is 0x0000000000000000000000000000000000000000 indicate EUROC minting.
• Transactions where to_address is 0x0000000000000000000000000000000000000000indicate EUROC burning.

For analyzing EUROC transfers, I leveraged the avalanche.core.ez_token_transfers table while filtering out minting and burning transactions.

User holdings were determined by calculating the difference between the total received EUROC assets and the total sent EUROC assets.

This dashboard consists of two tabs:

• Overall: This tab displays the current total supply of EUROC and tracks its changes over time. It includes adoption metrics such as the daily transferred volume and the number of performed transactions. It also provides insights into unique and new users.

• Swaps & Holders: This tab focuses on user swapping activity and provides information on the number of swaps conducted and the total swapped volume. Additionally, it showcases a holder leaderboard and presents relevant statistics.