WAVAX on Osmosis

• Over time Data

WAVAX on Osmosis

• Total Data

Observations

• The highest number of swap of WAVAX on osmosis was on 2 Feb and on that day about 270 users swap their assets to WAVAX while about 230 users swapped their WAVAX to another tokens. Generally, from beginning of this token on Osmosis the trend was upward until 2 Feb but after it, it seems the hype of this token was gone and the trend became downward.
• Moreover, the highest amount of swap volume was on 31 Jan and on this day about 1K WAVAX converted to another tokens while only about 530 WAVAX were bought by users. In addition, this token experienced good volume of swap until 4 Feb but after it volume was fallen like swap numbers.
• The highest number of swappers was on 31 Jan and on that day about 40 user converted their assets to WAVAX by contrast, only about 10 users bought WAVAX. Also, the trend of daily swappers of WAVAX on osmosis from 31 Jan converted to downward but still had good figures compare to beginning days.
• Totally, WAVAX has experienced about 1.06K as total swap in number while it has experienced about 1.2K as total swap out numbers, and about 3K WAVAX as total swap in volume while it has about 5.5K WAVAX as total swap out volume.
• Furthermore, WAVAX has experienced about 120 as total swapper in numbers while it has experienced about 50 as total swapper out numbers and finally Netflow of WAVAX on osmosis is about -2.65K WAVAX that means individuals tended to sell their WAVAX rather to buy it.
• Moreover, This user (osmo1kjmy7vhzz954rqe293fxgc63ujqyy0nnq7qk6d) is most active swapper of WAVAX on Osmosis network with about 780 swap transactions and also about 87% ratio of all swaps and also this user has the highest swap amount with about 2.3K WAVAX and also has about 80.5% ratio of all swap volume.

WAVAX on Avalanche

• Over time Data

WAVAX on Avalanche

• Total Data

Observations

• The highest number of swap of WAVAX on Avalanche like Osmosis was on 2 Feb and on that day about 360 users swap their assets to WAVAX while about 390 users swapped their WAVAX to another tokens. Generally, the trend of daily WAVAX swap numbers on Avalanche is natural trend.
• Moreover, the highest amount of swap volume was on 24 Jan and on this day about 1K WAVAX converted to another tokens while about 1.07K WAVAX were bought by users, but the trend of this factor of WAVAX has experienced fluctuations during this time.
• The highest number of swappers was on 27 Jan and on that day 32 users converted their assets to WAVAX and vice versa, but the trend of daily swappers has experienced natural trend.
• Totally, WAVAX has experienced about 3.5K as total swap in number while it has experienced about 3.55K as total swap out numbers, and about 8.9K WAVAX as total swap in volume while it has about 9.2K WAVAX as total swap out volume.
• Furthermore, WAVAX has experienced about 60 as total swapper in numbers while it has experienced about 57 as total swapper out numbers and finally Netflow of WAVAX on Avalanche is about -322 WAVAX that means individuals tended to sell their WAVAX rather to buy it.

Comparison WAVAX on Osmosis and Avalanche

• In terms of swap numbers, WAVAX has experienced about 3.5 times bigger swap number on Avalanche rather than Osmosis that I think it is reasonable since WAVAX is native for Avalanche network. Moreover, WAVAX has experienced about 2 times bigger swap volume on Avalanche network it is also seems to reasonable as I said.
• In other hand, number of swappers of WAVAX on Osmosis is about 1.4 times bigger than Avalanche and it is interesting and also netflow of WAVAX on Osmosis is much bigger amount than Avalanche it seems WAVAX has better performance on Avalanche network.

Observations

• The highest number of daily WAVAX transfer was on 1 Feb and also on this day the highest number of senders was with 6 and 5 Respectively, but the trend of these visuals are not clear. The highest transfer amount was on 28 Jan with about 115 WAVAX and it is eye-catching amount during this time.
• Totally, this token has experienced about 30 transfer transaction, about 25 senders and totally about 150 WAVAX has transferred during this time.

OSMO/WAVAX Pool

• In terms of investigating OSMO/WAVAX Pool, the highest number of daily activity of this pool was on 4 Feb and on that day this pool experienced about 1.7K as deposit transactions while it had about 230 withdraw transaction. Generally, in all days of this period the deposit transactions is more than withdraw transactions with eye-catching difference.
• Totally, this pool has experienced about 18.3K as total deposit transactions while it has experienced about 3.5K as withdraw transactions, moreover, OSMO has the highest proportion of deposit and withdraw in this pool with more than 99% of transactions.

What Is Osmosis (OSMO)?

• Osmosis (OSMO) is a decentralized exchange (DEX) for Cosmos, an ecosystem of sovereign, interoperable blockchains all connected trustlessly over IBC, the Inter-Blockchain Communication Protocol. Osmosis also offers non-IBC assets bridged from the Ethereum and Polkadot ecosystems. Originally based on Balancer-style pools, Osmosis is moving to a more sustainable concentrated liquidity model that provides a superior trading and liquidity provision experience. As an appchain DEX, Osmosis has greater control over the full blockchain stack than DEXs that must follow the code of a parent chain. This fine-grained control has enabled, for example, the development of Superfluid Staking, an improvement to Proof-of-Stake security. Superfluid staking allows the underlying OSMO in an LP position to add to chain security and earn staking rewards for doing so. The customizability of appchains also allows for the development of a transaction mempool shielded with threshold encryption, which will greatly reduce harmful MEV on Osmosis. Osmosis's vision is to build a cross-chain native DEX and trading suite that connects all chains over IBC, including Ethereum and Bitcoin. To build out the trading functionalities, Osmosis has invited external developers to create a bespoke DEX ecosystem that includes lending, credit, margin, fiat on-ramps, Defi strategy vaults, NFTs, stablecoins, and more – all the functionalities of a centralized exchange and more, plus the trust-minimization of decentralized finance [https://coinmarketcap.com/currencies/osmosis/].

What Is Avalanche (AVAX)?

• Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases. After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges [https://coinmarketcap.com/currencies/avalanche/].

Proposal #408 — #410 : WAVAX Incentivized Pool

• [Proposal] : Introducing Incentives to WAVAX/OSMO Pool and Bootstrapping Liquidity

[Vote] : YES

• [Rationale] :
• Osmosis is solidifying its position as a DeFi-Hub by expanding different features such as Geometric TWAP module, cross-chain swap, stable swap, lending, etc.. Accordingly, diversifying assets with a high market cap or stable assets (i.e., stable coins) within a DEX is not only good for smoothing the development process of the ecosystem in the future but also managing risks within Osmosis DEX.
• However, Osmosis is currently highly dependent on the Axelar network to bridge with other ecosystem assets. Therefore, it is worth considering reducing the risk of heavily relying on a single bridge.
• AVAX currently ranks 15th among all crypto assets with a $6 billion market cap. WAVAX, introduced in this proposal, is a wrapped version of AVAX that can be used in Avalanche Network, bridged by the Axelar network.
• Proposal #408 is a signaling proposal to configure OSMO/WAVAX (#899) liquidity pool as an incentivized pool.
• Proposal #409 proposes classifying OSMO/WAVAX (#899) into the Major category to re-allocating incentives from 54% of the total token incentives.
• Proposal #410 proposes directly incentivizing 0.5% of incentives while the OSMO/WAVAX pool’s liquidity is being matured [https://medium.com/a41-ventures/governance-memo-osmosis-february-week-1-2023-4ccddf8e4de0#:~:text=Proposal%20%23408%20is%20a%20signaling,of%20the%20total%20token%20incentives.].

Methodology

• This dashboard will check $WAVAX that recently has launched on Osmosis and Avalanche and comparing this token on these networks together.
• For comparison I consider some major criteria for instance swap statistics on each network, swappers, swap volume, net volume. moreover, I check OSMO/WAVAX pool on Osmosis and deposit and withdraw transaction of this Pool from the beginning. For reaching to my needed data I used Avalanche.core schema from Flipside database.

Summary

• It seems WAVAX has better performance on Avalanche native network since it has experienced bigger figures in this network for instance swap numbers and swap volume, but this token has more swapper on Osmosis network that was unpredictable. Moreover, it seems when this pool launched it had positive effect on WAVAX swap statistics on Osmosis network but after some days it seems the effects of this launch were disappeared and the trend became downward or fluctuations. On the other words, while after some days the effect of this news on swap were disappeared, it seems OSMO/WAVAX pool has experienced growing in it deposit transactions and it is very good for this pool.