OPEN-SOURCE SCRIPT

Stablecoin Dominance [LuxAlgo]

The Stablecoin Dominance tool displays the evolution of the relative supply dominance of major stablecoins such as USDT, USDC, BUSD, DAI, and TUSD.

Users can disable supported stablecoins to only show the supply dominance relative to the ones enabled.

🔶 USAGE

snapshot

The stablecoin space is subject to constant change due to new arriving stablecoins, regulation, collapse of coins...etc.

Studying the evolution in supply dominance can help see the effect that certain events can have on the stablecoin sphere.

snapshot

This dominance graph is displayed over the user price chart to easily observe the correlation between stablecoin dominances and market prices. Users can still move the tool to a new pane below if having it on the price chart is not desired.

snapshot

🔶 DETAILS

Supported stablecoins include:

  • Tether (USDT)
  • USD Coin (USDC)
  • Binance USD (BUSD)
  • Dai (DAI)
  • TrueUSD (TUSD)


Supply dominance of a stablecoin is calculated by dividing the total supply of that stablecoin by the total supply of all enabled stablecoins. That is for N stablecoins:



🔹Display

Users can control the fill style of the displayed areas, with "Gradient" enabled by default. Using "Solid" will use a solid color for each area:

snapshot

This can improve the performance of the script.

Selecting "None" will not display areas.

🔶 SETTINGS

  • Fill Style: Fill style of the areas between each returned supply dominance. "Gradient" will color the areas using a gradient, while "Solid" will use a solid color.
  • Stablecoins List: List of stablecoins used for the supply dominance calculation, disabling one stablecoin will exclude it from all calculations.
cryptomarketdominanceeducationalluxalgostablecoinstablecoinsstatisticssupplydominance

Skrypt open-source

W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.

Chcesz użyć tego skryptu na wykresie?


Get access to our exclusive tools: luxalgo.com

Join our 150k+ community: discord.gg/lux

All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Również na:

Wyłączenie odpowiedzialności