maaria
@maaria
anyone know why USDC volumes on Solana at the end of 2021 went insane? it's all bot activity but i can't identify what kind of bot activity / why it happened. From the Visa onchain stablecoin project: https://visaonchainanalytics.com/transactions
1 reply
7 recasts
36 reactions
Njal
@cryptonjal
Not sure if this is where you're looking for. From the Adjusted Transaction Methodology: Other (Adjusted): Volume from addresses that are unlabeled and have done less than 1,000 transactions and $10m in transaction volume over any 30-day rolling period. Other (Unadjusted): Unlabeled addresses that exceed our threshold of 1,000 monthly transactions or $10m monthly volume. Meant to exclude unlabeled bots and high frequency traders not captured by current labeling. So my interpretation: Other (Adjusted) seems to be retail buying the top, and Other (Unadjusted) seems to be mainly trading imo (also because of the timing). I can't tell you with 100% certainty, but it seems likely to me.
0 reply
0 recast
3 reactions