The Visa Onchain Analytics Dashboard is designed to be an easily-digestible, freely-available window into publicly-available aggregated blockchain data, beginning with stablecoins.
From information on active users, to volumes by coin and blockchain, to transaction sizes and an evolving set of metrics, the dashboard looks to provide clear insights into stablecoin activity.
Explaining the value of the resource, Visa head of crypto, Cuy Sheffield cites a chart that has been making the rounds on social media showing the volume that some of the world’s major settlement networks process annually, in billions of dollars, and comparing those to annual stablecoin volumes.
The chart shows stablecoin volumes overtaking Bitcoin, PayPal and "remittances" - and fast approaching Visa.
However, notes Sheffield: "There is also a lot of noise in this data given that blockchains are general purpose networks where stablecoins can be used across a range of use cases with transactions that can be initiated manually by an end user or programmatically through bots."
The Visa dashboard paints a more complicated picture than the social media graph, showing three trends: