# USDG

Markdown version of https://l2beat.com/tokens/ibIzBF/usdg

## Summary

- Category: stablecoin
- Last 24h volume: $38.48 M
- Last 24h transfer count: 3.63 K
- Last 24h avg. transfer time: 13s
- Last 24h avg. transfer value: $10.60 K
- Last 24h top path: Robinhood Chain ↔ Ethereum ($21.34 M)
- Top protocol (based on 24h volume): [LayerZero](https://l2beat.com/interop/protocols/layerzero) (volume $29.85 M, 131 transfers)
- Protocols used: LayerZero, 1inch Fusion+, Across, LI.FI, Relay, deBridge DLN, Hyperlane Warp Routes, Mayan
- Deployments: 5

## Volume and flows

### Top routes by volume (last 24h)

- Robinhood Chain → Ethereum: $11.23 M
- Ethereum → Robinhood Chain: $10.10 M

The flows between all chains are an interactive graph on [the HTML page](https://l2beat.com/tokens/ibIzBF/usdg#interop-volume).

## Top protocols

| # | Name | Category | Last 24h volume | Last 24h transfer count | Last 24h avg. transfer time | Last 24h avg. transfer value |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | [LayerZero](https://l2beat.com/interop/protocols/layerzero) (aggregate) | multichain | $29.85 M | 131 | 2m 25s | $227.93 K |
| 2 | [1inch Fusion+](https://l2beat.com/interop/protocols/fusionplus) | intent | $3.55 M | 188 | 1m | $18.92 K |
| 3 | [Across](https://l2beat.com/interop/protocols/across) | intent | $2.10 M | 1486 | 2s | $1.41 K |
| 4 | [LI.FI](https://l2beat.com/interop/protocols/lifi) | intent | $2.03 M | 1296 | 10s | $1.57 K |
| 5 | [Relay](https://l2beat.com/interop/protocols/relay) | intent | $610.11 K | 345 | 3s | $1.76 K |
| 6 | [deBridge DLN](https://l2beat.com/interop/protocols/debridge-dln) | intent | $318.95 K | 174 | 10s | $1.83 K |
| 7 | [Hyperlane Warp Routes](https://l2beat.com/interop/protocols/hyperlane-hwr) | multichain | $2.14 K | 9 | 8s | $238.82 |
| 8 | [Mayan](https://l2beat.com/interop/protocols/mayan) | intent | $354.90 | 1 | No data | $354.90 |

## Onchain deployments

| # | Chain | Address | Symbol | Minters | Last 24h volume | Last 24h transfer count | Last 24h avg. transfer time |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | Ethereum | [0xe343167631d89b6ffc58b88d6b7fb0228795491d](https://etherscan.io/address/0xe343167631d89b6ffc58b88d6b7fb0228795491d) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $28.80 M | 162 | 1m 45s |
| 2 | Robinhood Chain | [0x5fc5360d0400a0fd4f2af552add042d716f1d168](https://robin.etherscan.io/address/0x5fc5360d0400a0fd4f2af552add042d716f1d168) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $26.21 M | 3568 | 12s |
| 3 | Arbitrum One | [0x004b506865409877c9fa29bfb1eba929984b9bbc](https://arbiscan.io/address/0x004b506865409877c9fa29bfb1eba929984b9bbc) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $8.34 M | 32 | 1m 40s |
| 4 | HyperEVM | [0x9522133c663ba8c2a8a7b4f63dd2ac8dccce1505](https://hyperevmscan.io/address/0x9522133c663ba8c2a8a7b4f63dd2ac8dccce1505) | USDG0 | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $419.65 K | 9 | 2m 2s |
| 5 | Ink | [0xe343167631d89b6ffc58b88d6b7fb0228795491d](https://explorer.inkonchain.com/address/0xe343167631d89b6ffc58b88d6b7fb0228795491d) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $187.84 K | 4 | 2m 32s |

### Backing relations

Burn-and-mint groups, whose deployments move between chains by burning on one and minting on another:

- Group 1: USDG, 4 deployments, burned and minted via [LayerZero](https://l2beat.com/interop/protocols/layerzero); last 24h volume $38.49 M, 3.63 K transfers; deployments: Ethereum (0xe343...491d), Robinhood Chain (0x5fc5...d168), Arbitrum One (0x004b...9bbc), Ink (0xe343...491d)

Backing, where a deployment is minted against the one backing it:

- USDG0 on HyperEVM (0x9522...1505) is backed by group 1 (USDG, 4 deployments) via [LayerZero](https://l2beat.com/interop/protocols/layerzero)

## Transfers

The interactive transfers table is shown on [the HTML page](https://l2beat.com/tokens/ibIzBF/usdg#interop-transfers).