TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. TerraUSD was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and interchain usage.
TerraUSD provides several benefits that have made it a stand-out stablecoin competitor. Due to its minting mechanism, UST meets the requirements of DeFi protocols that it uses without losing scalability. UST can also be easily added to crypto wallets by simply integrating TerraUSD as a payment method. Another area where TerraUSD has shown its power is DApps. For example, platforms that mint fungible synthetic assets and track real-life asset prices use UST as a pricing benchmark.
Terra UST is an algorithmic stable coin driving a lot of demand for LUNA and a couple of NFT projects have also been launched on the ecosystem lately, overall the price surge is backed by solid developments and fundamentals.
Let us explore the wealth distribution for UST while swapping across different pools and analyze how equal/unequal is this distribution.
Here is the visual that shows the daily stats of Total wealth distribution for UST i.e. UST Outflow while swapping from UST to LUNA on Terra ecosystem over the past 3 months and a maximum swap amount has been recorded on 4th December 2021 with 8.99C.
https://analytics.zoho.in/open-view/210340000000184061
The below curve chart represents the Total wealth distribution for UST i.e Outflow of UST, while swapping from UST to LUNA captured on a weekly basis over the past 3 months.
https://analytics.zoho.in/open-view/210340000000184065
Here is the graph that shows the daily stats of Total wealth distribution for UST i.e. UST Inflow amount while swapping from LUNA to UST on Terra ecosystem over the past 3 months.
https://analytics.zoho.in/open-view/210340000000184721
This below pie chart shows the month wise Total wealth distribution for UST i.e. UST inflow amount while swapping from LUNA to UST over the past 4 months on Terra network and it is clear from the chart that a maximum of UST inflow amount recorded in the month of November 2021.
https://analytics.zoho.in/open-view/210340000000184731
On seeing all the above graphs and visualizations, we could see that the total supply of UST stablecoin has more than doubled in the past nine days to reach $6.4B.