USDH Activity

Observations

• Since february 2022 there has been 7.04 million USDH transferred from 827 wallets on solana
• There has been a consistent growth in senders and and activity of the USDH token
• Most weeks USDH has less than 200K of transfer volume, but some weeks the transfer volume breaks 1 million
• The average size of a USDH transfer is $3760

HBB Activity

Observations

• Since february 2022 there has been 7.04 million USDH transferred from 827 wallets on solana
• There has been a consistent growth in senders and and activity of the USDH token
• Most weeks USDH has less than 200K of transfer volume, but some weeks the transfer volume breaks 1 million
• The average size of a USDH transfer is $3760

Top USDH Users

Observations

• There is are 4 wallets that have transfered over 5 Million of the HBB token since February 2022
• There are 5 wallets have transferred over $200K worth of the USDH token

USDH vs. top SOL Stablecoins

Observations

• USDH has more transfer volume DAI, FRAX in 2022
• USDH make up less than 0.1% of the Solana Stablecoin transfer volume

Conclusion

• USDH Activity
  • Since february 2022 there has been 7.04 million USDH transferred from 827 wallets on solana
  • There has been a consistent growth in senders and and activity of the USDH token
  • Most weeks USDH has less than 200K of transfer volume, but some weeks the transfer volume breaks 1 million
  • The average size of a USDH transfer is $3760
• HBB Activity
  • Since february 2022 there has been 7.04 million USDH transferred from 827 wallets on solana
  • There has been a consistent growth in senders and and activity of the USDH token
  • Most weeks USDH has less than 200K of transfer volume, but some weeks the transfer volume breaks 1 million
  • The average size of a USDH transfer is $3760
• Top USDH Users
  • There is are 4 wallets that have transfered over 5 Million of the HBB token since February 2022
  • There are 5 wallets have transferred over $200K worth of the USDH token
• USDH vs. top SOL Stablecoins
  • USDH has more transfer volume DAI, FRAX in 2022
  • USDH make up less than 0.1% of the Solana Stablecoin transfer volume

What is Solana?

Solana is a public blockchain platform with smart contract functionality. Its native cryptocurrency is SOL. Solana has much higher much TPS that most other current smart contract blockchains.

What are Stablecoins?

Stablecoins are cryptocurrencies where the price is designed to be pegged to a reference asset. The reference asset may be fiat money, exchange-traded commodities, or a cryptocurrency.

What hubble?

Hubble is a DeFi protocol built on Solana. Its stablecoin, USDH, is able to be borrowed against a user's assets, providing more liquidity in their long-term holdings. HBB is Hubble's governance token which can be staked and will become the protocol's governance token when it transitions to be a DAO.

Methodology

In this dashboard we will look at the activity of the HUSD token and HBB token. Additionally we will look at the top users of HUSD and how HUSD transfer activity compaires to other stablecoins on solana. The data for this dashboard will come from the solana.core tables of flipside’s dashboard.

Sections

1. USDH Activity
2. HBB Activity
3. Top USDH Users
4. USDH vs. top SOL Stablecoins