Question

Do major news events result in more people swapping to SCRT? :Look at the volume of swaps to SCRT over the past three months. Do periods of high volume swaps into SCRT line up with major international news events? Or is there a pattern in SCRT swap volume?

Data Analysis

The chart below shows the volume of SCRT swaps in the last 90 days.

In this section, we review the SCRT purchase volume in accordance with the important events of Secret Network.

March 9:

• $ 400 million Secret Network investment for Secret app builders.

March 14:

• Introducing Fadroma to solve problems caused by tooling surrounding smart contract development.

The volume of purchases on this day has increased by 14k compared to the previous day.

March 15

• Development of Orbem Wars game(a play-to-earn NFT game) on Secret Network.

The volume of purchases on this day has increased by 82k $SCRT compared to the previous day.

March 22:

• Introducing two big mainnet upgrades scheduled for April(Shockwave Alpha) and June(Shockwave Omega).

The volume of purchases on this day has increased by 9k $SCRT compared to the previous day.

March 29

• Announcement of $SCRT listing on April 1 at Kraken Exchange

March 30:

• Announcing the listing of $SCRT at Okcoin Exchange.

The news of SCRT listing in Kraken and Okcoin exchanges increased the volume of purchases and the volume of SCRT swaps in the next few days until April 2.

March 31:

• Announcement of Legendary airdrop for SCRT stakers.

This news, along with the news of SCRT listing in Kraken and Okcoin, increased the purchase volume.

April 6:

• Releasing KevinSmith's NFT collection on Secret Network(Comedy-Horror Film as NFTs).

The volume of purchases on this day has increased by 59k $SCRT compared to the previous day.

April 13:

• Secret Network announced cooperation with dYmension.

The SCRT buying market did not change much on this day, and even compared to the previous day, the buying volume decreased slightly.

April 21:

• Legendao's NFT minting on Secret Network.

The volume of purchases on this day has increased by 44k $SCRT compared to the previous day.

April 27:

• SCRT liquid staking on Shade Protocol.

This news caused a significant increase in the volume of SCRT purchases, so that the purchase volume increased by 342k compared to the its previous day.

May 11:

• Secret Network mainnet upgrade.

The most important event of May for Secret Network was the alpha mainnet upgrade. Of course, this news was affected by the crash in the crypto market. The volume of transactions increased sharply in these few days. In fact, the increase in purchasing volume and sales volume of SCRT was more affected by the crash in the crypto market than by the news of Alpha upgrade.

May 19:

• Listing $SCRT in sifchain dex.

This news increased the purchase volume by 128k SCRT in May 20.

May 24:

• Announcing the listing of $SCRT in LBank and Kucoin exchanges.

The news of SCRT listing in Kucoin and LBank, like the news of SCRT listing in Kraken, increased the volume of purchases over the next few days.

May 26:

• Secret Network v1.3.1 is out.

The volume of purchases on this day has increased by 79k $SCRT compared to the previous day.

One of the most important news items of March was the $ 400 million Secret Network funding for app builders. As can be seen in the chart below, SCRT's purchase volume in March increased by about 1.2M compared to February.

Result

💡 Some news, such as SCRT listing in exchanges, will increase the volume of purchases in the days following the news announcement. On the other hand, some news related to the Secret Network project, such as collaborating with celebrities or important projects, increase the purchase volume on the same day of the news announcement.

secret Network

Secret Network is an independent, base-layer blockchain network built using the Cosmos SDK. It supports smart contract development and introduces data privacy by default for these contracts, enabling developers to build decentralized applications that also protect user data and preserve privacy.

Methodology

• This dashboard uses the Osmosis database and the fact_swaps table to extract information.
• All data is from the last 90 days.
• First, all the important events of Secret Network in the last 3 months are reviewed, then the impact of each of them on the purchase volume of SCRT is examined.