Token Reactor Rankings

    Ethereum

    Questions

    Rank the token reactors by their TVL, analyze the pattern of liquidity (withdrawals, deposits) on the top ones. Is there a reason why some reactors have more liquidity than others?

    Data Analysis

    Question(1). Rank the token reactors by their TVL.

    According the chart below, the top 5 token reactors by their tvl are:

    • USDC: 38.6M $USD
    • WETH: 19.9M $USD
    • gOHM: 14.7M $USD
    • FOX: 2.9M $USD
    • DAI: 1.2M $USD

    Question(2). Analyze the pattern of liquidity (withdrawals, deposits) on the top ones.

    • The number of deposits reached its maximum on January 18, 2022. (593 deposits)
    • Before January 18, the number of deposits had an upward trend, but after this date, the number of deposits decreased.
    • The maximum USDC deposit volume is related to September 8, 2021. (55M $USD)
    • The maximum WETH deposit volume is related to May 18, 2022. (158M $USD)
    • The number of WETH deposits is much lower compared to USDC.

    Question(3). Is there a reason why some reactors have more liquidity than others?

    Tokemak offers a way for DeFi projects to subscribe to its Liquidity-as-a-Service product rather than paying for and managing their own liquidity. This outsourcing greatly reduces costs for projects. I think that APR on deposits and APR on vote are the reasons that some reactors have more liquidity than others

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    Introduction

    Tokemak is a decentralized crypto liquidity engine that was created to address the inefficiencies discussed above. Tokemak acts as a generalized liquidity aggregator for decentralized exchanges (DEXs) and DeFi. The Tokemak protocol is designed to allow users to choose where liquidity is allocated and used, providing a cheaper, more efficient method for liquidity provisioning and sourcing.

    • The share of USDC and WETH in the TVL chart is significant.
    • Prior to January 20, 2022, the TVL chart trend is bullish.
    • From February 15, 2022 onwards, the trend of the TVL chart is declining.
    • The average number of daily deposits is more than the number of daily withdrawals.

    • From 28 February 2022 onwards, the chart of the number of daily withdrawals has an oscillating shape.

    • The maximum USDC withdrawal volume is related to June 9, 2022. (60M $USD)

    • The maximum WETH withdrawal volume is related to Apr 27, 2022. (136M $USD)

    • The number of WETH withdrawals is much lower compared to USDC.