Stablecoins on Arbitrum vs Ethereum
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:
- 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:
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