HXRO Network Parimutuel Markets 2

    This comprehensive dashboard offers valuable insights into the adoption, growth, and effectiveness of parimutuel markets within the Solana ecosystem. Explore the data and visualizations presented here to understand the competitive landscape, user engagement, token usage, and the impact of Bonk or Bust on BonkSwap. Gain a deeper understanding of parimutuel markets' potential as a strategy to increase token usage and user engagement. Stay informed and make data-driven decisions in the dynamic world of decentralized betting and derivatives trading on Solana.

    ✨Introduction
    🛠 Methodology

    Welcome to the Parimutuel Markets Dashboard for Solana! This interactive dashboard provides a concise analysis of parimutuel markets' adoption and effectiveness in increasing token usage and user engagement. Explore the data and insights presented here to gain a comprehensive understanding of parimutuel markets in the Solana ecosystem.

    The dashboard focuses on the growth and popularity of parimutuel markets compared to other popular DeFi applications on Solana, such as perps or lending. It examines if there is an increased adoption of parimutuel markets and how their growth rates in transactions and users compare to other DeFi applications.

    Furthermore, the dashboard analyzes the demand for different parimutuel markets, highlighting the most popular ones and tracking their growth rates over time. This helps identify market preferences and assesses the evolving landscape of parimutuel markets in Solana.

    Additionally, the dashboard explores the impact of Bonk or Bust, an implementation of parimutuel markets that utilizes the Hxro Network for liquidity and infrastructure. It investigates whether Bonk or Bust has attracted new users to participate in parimutuel markets and compares the activity and stickiness of Bonk or Bust users with users of other parimutuel markets.

    The dashboard also examines the usage of $BONK as the betting token within Bonk or Bust. It determines if Bonk or Bust users predominantly use $BONK and whether they utilize existing balances or swap tokens specifically for betting purposes. Furthermore, it presents the fees generated by Bonk or Bust for both BonkSwap and the Hxro Network, showcasing the economic impact of this implementation.

    With intuitive visualizations and data-driven analysis, this Parimutuel Markets Dashboard enables you to quickly grasp the adoption, demand, and impact of parimutuel markets in the Solana ecosystem. Gain valuable insights to make informed decisions and understand the evolving world of decentralized betting and derivatives trading. Enjoy your exploration!

    This dashboard analyzes parimutuel markets on the Solana blockchain, specifically focusing on the Bonk or Bust program powered by the Hxro Network.

    The analysis begins by examining the growth and activity within parimutuel markets based on the Hxro Network. Data is sourced from Flipsidecrypto's Solana.core schema, using the fact_transactions and fact_events tables. The markets are filtered using a unique address (program_id: GUhB2ohrfqWspztgCrQpAmeVFBWmnWYhPcZuwY52WWRe).

    The dashboard also investigates the launch of Bonk or Bust and its impact on parimutuel market statistics since its introduction on April 11th, 2023.

    Furthermore, the analysis focuses on calculating the fees paid by users in Bonk or Bust. Treasury addresses for USDC and $Bonk are identified to accurately determine the fees associated with both Bonk or Bust and the Hxro Network.

    This dashboard provides a concise and professional analysis of the adoption and impact of parimutuel markets on Solana, with specific attention to the Bonk or Bust implementation.