USDC, USDT, UST on Jupiter
This dashboard investigates functionality and popularity of swaps involving three stablecoins, USDC, USDT and UST on Jupiter.
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.
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.
From graphs below we can see a growing trend in both number and amount of swaps (USDC and USDT --> UST).
Conclusion
The data shows that:
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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.
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USDC is dominant stablecoin in terms of both number and amount that are used by users to swapping with other tokens.
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About 10% of swaps are swaps between stablecoins on Jupiter.
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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.