Stablecoins on Kashi
Q102. Analyze the behavior of stablecoins on Kashi markets.
Method
In this dashboard I analyzed:
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The total number of Stablecoin Depositors, The total number of stablecoin deposits, and the total amount of stablecoins deposited on Kashi
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The total number of Stablecoin Withdrwers, The total number of stablecoin withdraws, and the total amount of stablecoins removed from Kashi
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Dialy amount of stablecoins deposited on Kashi
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Dialy amount of stablecoins removed from Kashi
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The total number of Borrowers, The total number of Borrows, and the total amount of Borrowed assets when a stablecoin is used as collateral on Kashi
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The total number of Repayers, The total number of Repays, and the total amount of Repaid assets when a stablecoin is used as collateral on Kashi
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Dialy amount of Borrowed assets when stablecoins used as collateral on Kashi
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Dialy amount of Repaid assets when stablecoins used as collateral on Kashi
The data presented in this dashboard are for 2 different blockchains (Polygon and Ethereum) and They are for the past 60 days\
As you can see, the most number of wallets were active on the Polygon network ( more than 2000 wallets ) and they had the most number of transactions there but the highest amount of stablecoins deposited or withdrawn on the Ethereum network ( more than 1.8 M VS. 73k on polygon)
Daily
The following graphs show the daily amount of stablecoins deposited on Kashi and the daily amount of stablecoins removed from Kashi in the past 60 days
Please note that the positive values are for the Ethereum network and the negative values are for the Polygon network
As you can see USDC had the highest daily volume of deposits on July 5th (99k - Ethereum Network) and DAI had the highest daily volume of withdrawing on June 27th (1.21M - Ethereum Network)
Borrow and Repay
Total
The total number of Borrowers and Repayers, The total number of Borrows and Repays, and the total amount of Borrowed assets and Withdrawn assets when a stablecoin is used as collateral on Kashi in the past 60 days
As you can see, the number of active wallets on the Polygon network was slightly more than active wallets on the Ethereum network (same for transactions) but the highest amount of borrows or repays when a stablecoin used as collateral was on the Ethereum network ( more than 132.8 k VS. 4k on polygon)
Daily
The following graphs show the daily amount of Borrowed assets and Repaid assets when a stablecoin is used as collateral on Kashi
Please note that the positive values are for the Ethereum network and the negative values are for the Polygon network
As you can see USDC had the highest daily volume of Collateral assets between stablecoins on both sides, on the same day and same network ( June 30th).
Borrow: 22k - Ethereum Network
Repay: 56k - Ethereum Network
Conclusion
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Polygon network had a higher number of users and transactions than Ethereum in all 4 actions (Deposit, withdraw, borrow and repay)
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The total amount of Stablecoins used in 4 actions on the Ethereum network was higher than the Polygon network
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In the past 60 days, USDC mostly has been used as collateral and USDT has never been used as collateral
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