Insights Pulse Insights

Nov 23

Stablecoins on Arbitrum vs Ethereum 23-11-22, 19:00

There is an increasing demand in self custody. People are going to be using decentralized exchanges and stablecoins as a proxy more often. And this is how we see stablecoins usage on Ethereum compared to Arbitrum.


1. USDT, active addresses compared on a shared axis. Red — USDT on Ethereum, yellow — USDT on Arbitrum:

2. USDT, active addresses in different scales, to see the trend. Red — USDT on Ethereum, yellow — USDT on Arbitrum:

Observations:

  • Stablecoin activity on Ethereum is way higher than on Arbitrum yet.
  • Arbitrum stablecoin activity almost doubled, while it remain just slightly increased on Ethereum.

The above and few more charts for your review:
https://app.santiment.net/s/MIUbWQOa

Feb 22

To risk or not to risk? 22-02-22, 15:50

An answer to this question can be approached by a set of metrics.


Normally people looking for funding rates of derivatives markets data. We can do it on Santiment platform simply using onchain data for stablecoins. And see how actively they are circulating.


  1. 1. Circulation 7d, a number of unique stablecoin tokens transacted weekly

2. C7 / MC, it's simply Circulation 7d divided my Marketcap, so we have it normalized



USDT metrics against BTC price:


DAI metrics against BTC price:


If you'd like to take risk when others do not like it, we might be there. In the area of historically quite low activity of stablecoins.


Charts layout: https://app.santiment.net/s/-78LUJmh


Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.



Oct 8

Jun 15

Feb 24

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Oct 23

Sep 7

Apr 16

ETH price follows USDT supply 16-04-20, 19:34

Found out this correlation between ETH price and the USDT supply on exchanges

ETH price (green) and USDT supply (brown) on exchanges