# Analytics

Track Usual Protocol’s performance, collateral composition, token metrics, and DeFi activity using the platforms and dashboards below.

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## RWA.xyz

[RWA.xyz](https://app.rwa.xyz/assets/USD0) provides real-time visibility into USD0’s collateral composition and Real-World Asset (RWA) backing. Use this dashboard to verify:

* **Total collateral value** backing USD0 (real time)
* **Collateral composition breakdown**, including Hashnote USYC, eUSD0 (Euler USL), USUALM, and other accepted assets
* **RWA provider diversification** across institutional tokenizers
* **On-chain reserve verification** — collateral is on-chain and auditable by anyone at any time

USD0 is fully backed by tokenized US Treasury Bills and repurchase agreements, with collateral verifiable on-chain rather than via periodic attestations. RWA.xyz is the primary third-party tool for independent verification of this backing.

{% embed url="<https://app.rwa.xyz/assets/USD0>" %}

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## Dune Analytics

The community-maintained [Dune dashboard](https://dune.com/9992d/usual) provides comprehensive on-chain analytics for the Usual Protocol ecosystem:

* <https://dune.com/9992d/usual>

Key metrics include:

* **USD0 supply and minting/redemption activity** across Ethereum, Arbitrum, Base, and BNB Chain
* **bUSD0 (formerly USD0++) bond metrics** — total locked TVL, maturity profile, and secondary market pricing
* **USUAL token distribution and circulating supply** — daily emissions (\~1.35M USUAL/day post-disinflation), cumulative distributions, and bucket-level breakdowns (USUALx, bTOKEN, LP rewards, DAO/Foundation, insiders)
* **USUALx staking data** — total staked, exchange rate appreciation, unstaking activity, and Revenue Switch distributions
* **Liquidity depth and trading volumes** across Curve, Uniswap, and other DEXs
* **Revenue Switch epoch data** — weekly USD0 distributions to locked USUALx stakers
* **Collateral provider flows** — direct and indirect minting volumes through the DaoCollateral and SwapperEngine contracts

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## DeFi Llama

[DeFi Llama](https://defillama.com/stablecoin/usual-usd) tracks USD0 in the broader stablecoin landscape, including:

* **USD0 market capitalization and supply trends** over time
* **Chain-by-chain distribution** — USD0 is deployed on Ethereum (primary), Arbitrum, Base, and BNB Chain
* **Stablecoin market share ranking** — Usual has achieved a position in the Top 15 among stablecoins and is recognized as the leading EU stablecoin
* **TVL comparisons** with other stablecoin protocols
* **Historical peg performance** — USD0 maintains its $1 peg through full collateral backing, arbitrage mechanisms, and the Counter Bank Run Mechanism

{% embed url="<https://defillama.com/stablecoin/usual-usd>" %}

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## CoinGecko

[CoinGecko](https://www.coingecko.com/en/coins/usual-usd) provides market data for USD0 and the USUAL governance token:

* **Live price, trading volume, and market capitalization** for USD0 and USUAL
* **Exchange listings** — USUAL is available on Binance, Kraken, OKX, and other major exchanges
* **Historical price charts** for USD0 (peg tracking) and USUAL (governance token performance)
* **Supply metrics** — total supply capped at 3.0 billion USUAL (revised from 4.0B following the November 2025 disinflation governance vote)

{% embed url="<https://www.coingecko.com/en/coins/usual-usd>" %}

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## Key Contract Addresses for On-Chain Verification

If you prefer to verify protocol metrics directly on-chain, the core **Ethereum** contracts are listed below:

| Token / Contract  | Address                                      |
| ----------------- | -------------------------------------------- |
| **USD0**          | `0x73A15FeD60Bf67631dC6cd7Bc5B6e8da8190aCF5` |
| **bUSD0**         | `0x35D8949372D46B7a3D5A56006AE77B215fc69bC0` |
| **USUAL**         | `0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E` |
| **USUALx**        | `0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E` |
| **DaoCollateral** | `0xde6e1F680C4816446C8D515989E2358636A38b04` |
| **SwapperEngine** | `0xB969B0d14F7682bAF37ba7c364b351B830a812B2` |
| **Distribution**  | `0x75cC0C0DDD2Ccafe6EC415bE686267588011E36A` |

All collateral backing USD0 is held on-chain and verifiable in real time—no reliance on periodic attestations or trust in third-party attestors is required.