Hubble protocol:

What is Hubble protocol?

Hubble Protocol is a financial platform building sustainable Decentralized Finance services on Solana. Hubble's core service centers around a low-interest, stablecoin borrowing mechanism. Hubble's US Dollar-pegged stablecoin, USDH, can be borrowed against a variety of assets, including ETH, BTC, and SOL.

Which network is the Hubble protocol built on?

Hubble — Solana-based DeFi protocol \n Hubble is a DeFi protocol of borrowing, lending and staking, built on the Solana blockchain and benefitting from Solana's high latency and low transaction fees.

Methodology:

We used

==solana.core.fact_transactions ,==

==solana.core.fact_events== and

==solana.core.fact_swaps==

tables to make this dashboard.

observasion:

As can be seen from the presented graph and numbers, the number of unique users has been decreasing over time And for new users who have used this protocol, we have considered the time period of the last two months, and this means the number of new and unique users who have used this protocol since the last two months.

observasion:

In this section, we can see the number of transactions on the Hubble Protocol, and as the numbers and graphs show us, the number of daily transactions has been almost constant, but on June 10 and May 1, we see a sharp increase in the number of transactions. About 67% of these transactions have not been successful, which seems to be a high number

observasion:

In this section, there are three types of transactions performed on the Hubble protocol It has been analyzed that about 13% of the transactions were mint transactions And about 0.25% of tarragon was burning transactions And the most type of transaction on Hubble was transfer transactions.

observasion:

As can be seen in the graphs, the number of daily transactions has been increasing in recent days, but the volume of USDH transactions has reached its highest value on September 22, and in the rest of the days, it has almost remained the same.

Among the protocols,most transactions and the largest volume of transactions was performed in the Jupiter V2 protocol

conclusion:

• Over time, we see a decreasing trend in the number of users as well as the number of transactions.

• About 67% of the transactions that are done fail, which I think is very high.

• But the number of USDH transactions is increasing over time.

• and the number of transactions on kamino has been increasing almost since the beginning of September, which reached its peak in September 22.

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