What is Thales?

Thales is an Ethereum protocol that enables the creation of peer-to-peer parimutuel markets by anybody. This building block serves as the foundation for a variety of creative on-chain initiatives, including a platform for AMM-based positional marketplaces and immersive gamified experiences. Thales uses uncensorable sUSD as collateral, an immutable source of truth for market settlement through Chainlink data feeds, and all the advantages (speed, cost, and security) of a rollup-centric network such as Optimism.

Acknowledgment

We would like to thank elmiaon#8082 for sharing the Games_info.json file, which has really aided us in labeling games and sports for the Overtime database.

Declaration

We gather the games and sports list using Python API (Pandas), which is shown in Google Colab.

What is Overtime?

Overtime is a positional market for big sporting events that is not dependant on a centralized entity, unlike other sports markets. Overtime is the most enjoyable time you'll have with DeFi now that Thales contracts have been used as inspiration for the new Sports AMM, as well as reliable data feeds from the industry's best Oracle Chainlink.

Methodology

• We initially want to know how many profitable traders there were on Overtime Markets in the past two weeks, as well as their net profit (USD).
• The goal is then to determine the 5 most profitable traders on Overtime Markets in the last two weeks.
• Then we look at how much each wallet has won through sports and gaming.
• We also examine the most often used platform and the most frequently used protocol for the five most profitable traders on Overtime Markets.

Analysis I:

This section examines the number of profitable traders on Overtime Markets during the previous two weeks, in addition to their net profit (USD).

As seen in the result above, 284 traders on Overtime Markets have been profitable during the past two weeks. When examining the chart of the daily number of profitable traders on Overtime Markets over the past two weeks, it is apparent that the trend of the chart is unstable over time, with a peak on August 21, 2022.

According to the results displayed in the table above, all profitable traders earned a total of 96,7k USD in the last two weeks. When analyzing the chart of daily net profit in USD for profitable traders on Overtime Markets over the past two weeks, it is obvious that the trend is very unstable over time, with the maximum occurring on August 14, 2022. In addition, we discovered that after August 14, 2022, all traders appear to have little daily profits, indicating that this is a period in which traders and gamblers would have a tough time making profits.

Analysis II:

This section will identify the 5 most profitable traders on Overtime Markets during the past two weeks. Then, we determine how much each wallet has won in sports and games.

The pie graph demonstrates the percentage of net profit (%USD) earned by the top 5 most profitable traders in each winning sport. The top five most profitable traders have earned 62 percent of their net profits from baseball. In contrast, the top five most profitable traders have earned the lowest net profits from football, at 14.4%. Therefore, baseball generates the majority of net profit for the top five most profitable traders.

The bar graph depicts the 5 most profitable traders in winning sports kinds based on net profit (USD). The chart's insights are summarized in the table below:

• The 0xebbefa85adb58ae1c44a6db83d3b52315d4aea11 trader has the most net profit from baseball sport, at 9.234k USD.
• The 0xbf3cbc3efdfa389bcacdbadc79d6349b81b2593e traders has the second-highest net profit from MMA, at 8.244k USD.
• The 0x4cc423d28183e05fbc5c70d1ae3424de4c4aacff traders has the third-highest net profit from baseball, at 6.611k USD.
• The 0x259e094902fd1f5863ede0b3000b97ba93c42e83 traders has the fourth-highest net profit from baseball, at 5.803k USD.
• The 0xd7b8008620e24fab97687a2fbf0d3f106c8ccb6a traders has the fifth-highest net profit from football, at 5.047k USD.

Analysis III:

This section investigates the most often utilized platform and protocol for the 5 most profitable traders on Overtime Markets.

The graphs above indicate the protocol types and percentage of protocol types that the top 5 most profitable traders interacted in the last two weeks. We can see that the top 5 most profitable traders have had the greatest interactions with Defi and Layer2 kinds, with 36.8 percent in each. Meanwhile, just 26.3 percent of the top 5 most profitable traders have interacted. As a result, we may infer that the majority of interactions with the top 5 most profitable traders on Overtime Markets can be found in Defi and Layer2.

The graphs above depict the proportion of project names and project names that the top 5 most profitable traders interacted with over the last two weeks. The top five most profitable traders interact with Hop protocol the most, at 36.8 percent. Uniswap has the second-highest number of interactions with 26.3 percent, followed by Synthetix and Thales with 18.4 percent in each project. As seen by the graphs, the majority of interactions with the top 5 most profitable traders on Overtime Markets can be found in the Hop protocol.

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Conclusion:

• We determined that 284 traders on Overtime Markets had been profitable in the last two weeks.
• We discovered that all profitable traders earned a total of 96,7k USD in the last two weeks.
• We discovered that baseball produces the majority of net profit for the top five most profitable traders.
• We also discovered that the game between the Los Angeles Angels and the Minnesota Twins generates the great majority of net profit for the top five most profitable traders.
• The 0xebbefa85adb58ae1c44a6db83d3b52315d4aea11 trader has the largest net profit from baseball sport, at 9.234k USD, with the majority of this wallet's net profit coming from the Boston Red Sox vs. New York Yankees game.
• We discovered that the majority of interactions with the top five most profitable traders on Overtime Markets occur in Defi and Layer2.
• We eventually identified that the majority of interactions with the top five most profitable traders on Overtime Markets can be found in the Hop protocol.

The pie chart depicts the proportion of net profit (%USD) from the top 5 most profitable traders in each winning game. We can observe that the game between the Boston Red Sox and the New York Yankees has the highest profit margin of 26.4 percent among all winning games of the top five most profitable traders. Meanwhile, the game between the Los Angeles Angels and the Minnesota Twins has the smallest profit margin of any winning game among the top five most profitable trades, at 1.4 percent. As a result, the game between the Los Angeles Angels and Minnesota Twins provides the vast majority of net profit for the top five most profitable traders.

In terms of net profit, the bar chart depicts the top 5 most profitable traders in winning games (USD). We can observe that the 0xebbefa85adb58ae1c44a6db83d3b52315d4aea11 trader has the highest net profit among the top 5 most profitable traders, at 9.234k USD, with the majority of this wallet's net profit coming from the Boston Red Sox vs. New York Yankees game. Meanwhile, the 0xd7b8008620e24fab97687a2fbf0d3f106c8ccb6a trader has the lowest net profit among the top 5 least profitable traders, at 5.047k USD, with the majority of this wallet's net profit coming from the Buffalo Bills vs. Indy Colts game.