Stablecoins on Arbitrum vs Ethereum

A
@Santrends
Nov 23, 2022

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