USDC, USDT, UST on Jupiter

    This dashboard investigates functionality and popularity of swaps involving three stablecoins, USDC, USDT and UST on Jupiter.

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    Introduction

    Jupiter aggregates liquidity pools which facilitates swapping diverse pairs of tokens particularly stable coins on Solana with the best rate.

    This dashboard investigates functionality and popularity of swaps involving three stablecoins, USDC, USDT and UST on Jupiter.

    Results

    Swap to

    The graphs below show the number and amount of swaps for stablecoins since december 1st 2021.

    The graph below combines both volume and amount of swaps. As can be seen in terms of number of transactions, swap for USDT is dominant, however, in terms of amount USDC is increasingly dominant.

    The share if UST (wormhole) is marginal.

    Number of swaps for USDT is declining.

    Swap from

    Graphs below show how the number of swap from stablecoins has been changed since December 1st 2021.

    As can be seen in terms of amount and number USDC is dominant.

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    The graph below combines the amount and number of swaps from stablecoins on Jupiter.

    As data shows about 9,65% of all Jupiter swaps are stablecoin swaps.

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    From graphs below we can see a growing trend in both number and amount of swaps (USDC and USDT --> UST).

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    Conclusion

    The data shows that:

    • USDC is the most popular that users swap for in terms of frequency, while USDT is the most popular in terms of amount that users swap for.

    • USDC is dominant stablecoin in terms of both number and amount that are used by users to swapping with other tokens.

    • About 10% of swaps are swaps between stablecoins on Jupiter.

    • UST swap is growing in terms of amount and number. This has to do with the efforts that has been increasingly made to integrate UST into Solana blockchain.