In the first part of this analysis, we will investigate the total number of users swapping stablecoins by day (shown in the first chart) and the total volume swapped (shown in the second chart).

As we can see, the total number of users swapping stablecoins has been increasing over time, being multiplied by more than 3 times the total number. On the other hand, the total volume swapped had a super peak in October 14th (could be analyzed), the during November and mid-December, the volume was low and during last month, it seems that has been increasing, showing another peak on December 21st of approximately 26M USD.

The second part of the analysis consists of an overview of the total swappers and total volume swapped by each pool. The first chart shows the generated volume by pool, the second graph shows the total volume and number of users by pool. The first donut shows a distribution of volume swapped by pool and the second one the distribution of total swappers by pool.

As a result we can extract that:

• The volume generated by pool changed a lot over time, being some important pools at the beginning of the analyzed period, and being different pools the important during next weeks.
• In the second chart, we can see how the volume swapped and swappers are correlated so when volume increases the total number of users swapping increases as well. However, some pools show a peak on users but low volume. Furthermore, observing the chart, we can see how 4 pools dominated the situation: USDT-USDC-MIM-DAI, EURS-USDC, sEUR-EURT, and EURT-USDT-USDC-DAI.
• Observing the first donut, we can see how more than 50% of the total volume swapped is provided by only 2 of the pools: USDT-USDC-MIM-DAI and EURS-USDC.
• Observing the second donut, we can see how in terms of the number of users swapping, the situation changed and now, there are 4 important pools representing almost 60% of the swappers: EUR-USDC, USDT-USDC-MIM-DAI, USDC-EURS and EURT-sEUR.

Concluding the study, we have seen how the swaps in stablecoins inside Curve Finance are done. Viewing the most important pools there. We have seen as well that there are some pools which are more adoppted than others, and then, give more volume to Curve than others and seems like it is because more users use them. It should be due to conditions of these pools as well as the stability shown by each pool as well.