Introduction

In late March, Stargate was the most sought-after cryptocurrency. What prompted me to write this was a tweet from @AlamedaTrabucco, which I found at twitter.com/AlamedaTrabucco. The CEO of Alameda Research expresses his company's desire to acquire Stargate and his admiration for the team in this tweet. As is customary in the crypto world, the price and number of users immediately rise in response to such news. The date and time of this Tweet (March 22nd) perfectly match the number of staking users and possibly the total number of people that are using the platform.

After the first burst of new users, the growth leveled out and then began to decline. Likewise, the cost increased from 0.74$ to around 4$ before settling back to about 1.85$. Note: New addresses for staking are shown in the chart below. In other words, addresses that have already been staked are not considered as a second time.

Method

We'll take a look at the history of Stargate staking in this dashboard. On the April 2022, the company was officially launched. For the time being, users can cast their votes on proposals by staking and locking STG coins.

Analysis

Observation

• According to the above graph, the most unique users who staked their capital on Stargate on Ethereum each day since its inception occurred on April 22nd, on 91 Wallet.

• And the most amount was taken on April 21st, at 751K.

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