Stable coins: Day2

Uniswap and Sushiswap

Continuing with stablecoin stats, we are looking at swaps on Uniswap and SushiSwap.

Stablecoin LP's were earning high fees over the volatility of the recent down turn. Now things have settled, daily volume and fees are below the 2021 average. What are you doing now LP's?

This chart shows swap volume per stablecoin aggregated monthly on Ethereum. The top three are close but $USDC wins for the period. 

As long as you are using/supplying either $USDT, $USDC, or $DAI then you should be fine. The others are basically non existent in comparison.

If you are wondering where the action has been in 2021, the answer is Uniswap (on Ethereum). There are just so many pairs that include a stable coin so total volume dominates. 

That said, SushiSwap has operations across multiple chains and has cleared a different path.