✨Introduction

The Osmosis blockchain is a distributed network that is managed by a large group of developers and front-ends (100+ validators and full nodes). You may quickly acquire knowledge of the Osmosis blockchain, create applications for it, and incorporate it into your existing infrastructure by perusing our documentation and examining our demonstrations.

To facilitate decentralized trade, AMMs collect and store a variety of digital assets under the supervision of a smart contract. Liquidity providers deposit their assets into the pool and profit from fees when customers make trades using the pool rather than the traditional order book mechanism enabled by smart contracts. The act of placing assets into an AMM pool is known as providing liquidity (or "LPing"). Asset swaps can be made through AMMs, which are decentralized finance protocols.

Avalanche is a blockchain platform that aims to provide a decentralized, secure, and scalable infrastructure for building and deploying financial applications. It supports multiple blockchains, smart contracts, and dApps, and enables the creation of custom blockchains with specific parameters.

AVAX is the native token of the Avalanche network. It is used for governance, staking, and to pay for transaction fees on the Avalanche network. AVAX is an important component of the Avalanche ecosystem and is used to participate in network maintenance and decision-making processes. The value of AVAX is tied to the adoption and growth of the Avalanche network and the applications built on it. \n

🛠️ Method

To track the performance of the Pool 899 (OSMO/WAVAX) interactions on the Osmosis network, I used the information from the osmosis.core.fact_swaps table to calculate the average volume per swapper in total. This can give insights into how much the individual participants are contributing to the overall trading volume for the WAVAX token.

The Avalanche mainnet information from the avalanche.core.fact_event_logs table, also has been used to compare the swap metrics such as swap transactions, swapper counts, and swap volume in USD on main network. This will give an idea of the relative activity levels of WAVAX trading on Osmosis compared to Avalanche.

Additionally, the price changes for AVAX when swapping to USDC and USDT by evaluating the price data from the same tables has compared. This would give a sense of the market demand and liquidity for AVAX in different stablecoin markets.

Finally, the distribution of transactions and unique swapper counts by swapped volume have been analyzed using the information from the osmosis.core.fact_swaps and avalanche.core.fact_event_logs tables. This will give an idea of the concentration of trading activity among different groups of traders and how that has changed over time.

🌡️ Analysis

✍🏻 Conclusion

Most wAVAX transactions are only recorded in the Avalanche chain, which is built specifically for this cryptocurrency. Maximum deposits have been made since the start, and they continue to rise steadily. Recently, Osmosis' swap volume and number of swappers have reached levels comparable to those of Avalanche. Previously, the gap was much larger, and Avalanche held a dominant position, with double the value of Osmosis. There were days when net volume was negative due to a high number of withdrawals, but there were also days when it was positive. There has been no discernible shift in osmosis for wAVAX tramsfer since the beginning of pool operation.

To be sure, the launch has had some effect, but it hasn't been quite as great as was hoped.

With a wAVAX score that's far lower than Avalanche's, there's clearly room for development.

Hey there 👋!

Firstly, I appreciate you sticking with it until the conclusion.

I'm Hamed, a civil engineering Ph.D.

student interested in data analysis.

I've made many similar dashboards and visualizations since I started at Flipside in January.

Please take a look at my various contact details and let me know what you think.

About:

• Author: HaM☰d

• Discord: 0xHaM☰d#8391

• Twitter: @arjmandi_hamed

• Email: h_arjmandi2012@yahoo.com

🔎 Findings:

On February 2nd, 497 swaps were the most ever in a single transaction on osmosis. The low volume of transactions seen in the first week following pool #899's inception may indicate disinterest from users, unfavorable market circumstances, or trust problems on the network.

Avalanche's daily transactions increased to about $17,000 after the opening of pool. There are two major peaks with over 35,000 transactions on a single day, the largest being 36,000 on February 2nd, 2023. In other words, Avalanche probably had a high volume of transactions.

Even while the volume of osmotic trades was relatively low, the number of swappers increased dramatically after January 30th, jumping from 17 to 61. People have started learning about and trusting in the pool, as evidenced by the fact that their daily average number of users has been above 32 since the jump.

From the 21st of January onwards, with the establishment of the pool, Avalanche consistently saw over 3,700 swappers every day. On February 2nd, the highest daily total of 5,690 was recorded. That means there were many of people in Avalanche looking to make an exchange.

After the end of the month of January, we will be able to observe growth in Osmosis's swap activity. The most impressive part is that Osmosis, the native chain of wAVAX, has attained a level of swapper density comparable to that of Avalanche. Since the beginning of February, both volume and the number of swappers have decreased. In the past, though, Avalanche had roughly twice as many swappers as Osmosis. Osmosis's average volume at the conclusion of the session for volume exchanged in and out is higher than Avalanche's.

The introduction of pool #889 has had a noticeable effect on wAVAX's trade activity in Osmosis.

Patterns of transaction volume distribution are clearly visible.

Over half of all Osmosis transactions were within the $5-$50 price range. About 307 count with 13% share were also notable in volume over a million. We found only 54 deals between $100 and $500.

For avalanche, we find that the highest transaction volume, $332,000, came from the top eight percent of all trades, and that trades between $100 and $500 accounted for thirteen percent of all trades. ranging between $5 and $10 with 547 units.

🔎 Findings:

Osmosis has more than doubled in size over the past year, reaching 2,233 transactions, while Avalanche has shrunk to a negative 27 million.

Osmosis's low number of unique swappers indicates that the pool drew few participants soon after its inception.

For Avalanche, the number of traders exceeded 17,000.

Osmosis has a significantly lower total swap volume than Avalanche.

Compared to Osmosis, Avalanche has a substantially larger number of swap transactions. The total volume of swaps in Avalanche was likewise unusually high.

In terms of wAVAX swaps, Osmosis is still in its infancy, but it has potential for expansion in the future.

🔎 Findings:

The volume of swaps from WAVAX to Osmo is 60%, while the volume of swaps from Osmo to WAVAX is just 20%. There is not much of a difference between the value of wavAx in USDC and wavAx in ETH; the two are each worth roughly 13%. The ratio of wav files to wbnb files is roughly 10%, while the ratio of wav files to everything else is insignificant. There was no increase in daily volume till after January 31st. Since then, it has increased to over 15,000, peaking at over 30,000 on February 4th.

There are more than 54 percent of wAVAX to Osmo swappers, 21 percent of wAVAX to Osmo swappers, and 9 percent of wAVAX to USDC swappers. The number of swappers is largely due to these three factors. The number of daily swaps between Osmo and wAVAX is roughly seven, whereas the number of swappers is often around twenty.

The number of wAVAX-to-Osmo swaps exceeds 35%, or over a third of the total share. In addition, Osmo to wAVAX has a substantial portion of the market, accounting for 29.8 percent. About 17% wAVAX to USDC On a daily basis, the biggest number of swaps occurred on February 2nd, with around 350. Most people are interested in either the wAVAX to Osmo or the Osmo to wAVAX conversions.

After Pool 899's introduction, we saw a positive effect.

🔥 Overview

The single numbers and price change mentioned suggest that the overall view of trading metrics is different between the Osmosis and Avalanche networks. The negative net swap volume of -$119.6 on Osmosis suggests that most traders are selling WAVAX, while the positive net swap volume of $19 on Avalanche indicates that most traders are buying AVAX.

This difference in net swap volume could be influenced by a number of factors, including market sentiment, liquidity, and the underlying use cases for AVAX on each network. Additionally, the difference in price between the two networks, with more than a $1 tolerance, suggests that the value of AVAX may be perceived differently by traders on each platform.

It is important to note that this is a snapshot of the data and that market conditions can change quickly. A comprehensive analysis would consider longer timeframes and multiple sources of data to gain a comprehensive understanding of the trading activity for AVAX on both networks.