Try Quests to earn cryptoWallet Balances & Ecosystem Growth
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.
The OSMO token is a governance token that allows staked token holders to decide the future of the protocol, including every implementation detail. OSMO will initially be used for the following (although governance is free to add or remove these functions):
- Voting on protocol upgrades
- Allocating liquidity mining rewards for bonded liquidity gauges
- Setting the base network swap fee
To stake a cryptocurrency is to pledge that cryptocurrency to be used in the confirmation of transactions on a blockchain. It can be obtained with digital currencies that settle transactions based on the proof-of-stake protocol. In comparison to the first proof-of-work scheme, this one uses less power.
The OSMO token is also minted and burned in the context of Superfluid Staking. As a Osmosis-specific feature, Superfluid Staking provides the consensus layer more security with a sort of "Proof of Useful Stake". Each person gets an amount of Osmo representative of the value of their share of liquidity pool tokens staked and delegated to validators, resulting in the security guarantee of the consensus layer to also be based on GAMM LP shares.
Method
With the help of Flipside's new balance table for Osmosis (osmosis.core.fact daily balances), we'll dig into the OSMO wallet balances of Osmosis users on the current dashboard.
There are four different sorts of balances shown here: liquid, staked, locked liquidity, and superfluid staked.
The first bounty question asks us to compare the amount of liquid OSMO to the amount that has been staked. OSMO Tokens are denoted in this table as "uosmo," and their decimal value is 6, thus we need to divide the total by 6 to get the token balance. To get today's data, we need to filter osmosis.core.fact daily balances findings to the latest possible date. It goes like this: (date = select max (date) from osmosis.core.fact daily balances). Utilizing osmosis.core.dim prices and osmosis.core.dim labels, I was able to extract the USD price of OSMO and other tokens for use in various charts. Since dim prices only has a column for symbols, we need to link it with the dim labels table, whose address column corresponds to the currency field in fact daily balances.
In this dashboard you can changes period time by above tape to your own choice.
✍🏻 Conclusion
According to the above findings:
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The bulk of OSMO tokens are currently tradeable, or almost 74%.
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There are currently 384.7M OSMO in 374.3K wallets, and 134.5M OSMO in 224K stakers' hands. Accordingly, the current Liquid to Staked OSMO ratio is 2.86.
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While levels of liquid assets, the ratio of liquid assets to stake, and locked liquid assets remain at record highs, the stake has dropped from its all-time high of 178.7 million on October 10 to 136.1 million on October 24. The majority of users (70.1% of total wallet balance, as of PIE char right) have less than 5 OSMO in their wallet.
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For both epochs, the best OSMO holder is osmo1fl4...6l09 (current date and start of the year 2022).
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There have been some changes among the top 100 OSMO holders since the beginning of the year. The current top 100 OSMO holders account for 94% of the top 100 OSMO holders at the beginning of 2022.
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Osmosis users have an average current balance of 868 OSMO. The majority of OSMO users (around 70%) carry less than 5 OSMO in their wallets at any given time.
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Overall, the ratio of new OSMO users to the total number of OSMO users and the average OSMO balance of users has been steadily declining over time. This demonstrates that users' pace of increase is greater than their typical OSMO balance.
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Among OSMO tokens, INJ has the most dollar worth that its holders have stored away.
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The OSMO token has the most current holders among Osmosis users, regardless of the value of tokens.
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Prior to January 2022, OSMO had the highest USD value in users' balances, but following that month, INJ took the top spot in every month.
And finally, I’m glad to share this research with those who care about this issue via Twitter link, and will be pleased by your comments.
About:
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Author: HaM☰d
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Discord: 0xHaM☰d#8391
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Twitter: @arjmandi_hamed
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Email: h_arjmandi2012@yahoo.com
With the launch of Flipside's new Balances table, let's take a look at how the story of Osmosis can be told through wallet balances.
The aims of dashboard is providing an insights into following metrics:
- How has the ratio of liquid to staked OSMO changed overtime?
- Are the top 100 OSMO holders the same now as they were at the start of the year?
- What is the current average OSMO per wallet? How has that value changed over time? Plot average OSMO/wallet against user growth.
- Do wallets normally hold a majority of OSMO, or another token? How has this changed over time?
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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.
:telescope: Findings:
On the two charts above, we can see the top 10 tokens of each week that users have most average USD value of them in their wallet. As can be seen, Before January 2022, OSMO was the top held asset but after this date, we can see INJ is on the first rank in all other weeks.
Also, in the chart right, tried to depict top 10 tokens that held by top 100 wallet that are still OSMO holder. Although, the most volume of top 100 still OSMO holders’ balance is OSMO token, yet, but it sharply decreased since late Feb, 2022 and replaced by INJ token since Aug 15th.
:telescope: Findings:
As of visuals above the ratio of liquid to stake OSMO is 2.86 in total, and in the line chart above its show over time.
In the chart above right the liquid (Blue line), Stake (Green line), Locked liquidity (white blue line) & Ratio of liquid to stake (Red line) OSMO are shown over time.
Since Jan 2021 till Dec 14th, 2021, the OSMOs just staked and after Dec 14th, the ratio of liquid to stake fluctuate between 2 and 2.5 till Oct 6th, But in Oct 6th, raised from 2.1 to 2.85 that is the highest point of that.
Liquid, Ratio of liquid to stake and locked liquidity are in the all-time high to date, but Stake after peaked at 178.7M in Oct 10, fell to 136.1M in Oct 24th.
As of PIE char right, the most of users have less than 5 OSMO in their wallet (70.1% of all wallet balance).
:telescope: Findings:
According to the charts above and left, the average OSMO balance of wallets is clearly decreasing over time since 2022. the lowest average OSMO balance of users were reached in early of May 2022 with less than 300 average OSMO. After this date, can be seen that increased till July late, After that date, we can see another smooth decreasing trend over time to date.
On the right chart, we can see most number of new OSMO users have achieved on December 2021 with a huge high spike (23.744k new users in a single day). After this date, we can see very light decreasing trend of new registered OSMO users with some high spikes over time. But, the activity of new users during recent months is still more than timespan before December 2021.
Overall, against to sharpen growth of new users on OSMOSIS the average balance per wallet and per day are decreasing over time.
:telescope: Findings:
The right-hand graphs show that osmo1fl48...q6l09 is the longest-serving OSMO bearer over both time intervals (current date and early of 2022). The wallet addresses osmo1jv6...hvld and osmo1pvx...2trt belong to two other large OSMO holders that rank in the top three OSMO holders over both time periods.
The top 10 OSMO holders also have different wallets across the two time periods. Therefore, the 100 highest-ranking OSMO holders as of the end of the year are not the same people who held those positions at the beginning of the year. In the third and final chart and table, we see the users (and their wallet balances) that were among the top 100 OSMO holders at the beginning of 2022 and are still among the top 100 today.
:telescope: Findings:
The charts above show the total and average change balance of top 10 wallets based on most volume of OSMO balance.
As can be seen by ignoring a drop on first week of Jun 2022, the totally trend of change balance has increased till early week of current month (Oct, 2022), but decreasing since second week are considerable and meaningful in some wallets, although the balances of the first top wallet increased.