Introduction

Binance

Binance is the most important crypto trading market (exchange) by volume, but it has suffered real scandals in recent years. For example, cryptocurrency thefts, the last of which – last October – has caused the theft of 570 million dollars in cryptocurrencies.

FTX

FTX is the third largest exchange in the world by volume. Its CEO, Sam Bankman-Fried, had previously run a cryptocurrency trading company called Alameda Research. Recently a CoinDesk report revealed how Alameda's wallet was mostly based on FTT, the token created by FTX. That dependency was suspicious and raised eyebrows in the crypto industry and its investors.

That data has generated a lot of complaints and criticism among investors, who now seem to be withdrawing their positions from FTX. And while Binance CEO Changpeng Zhao (CZ) has entered into an exchange of comments with Sam Bankman-Fried. Binance had FTT among its assets, announcing that “due to recent revelations that have come to light, we have decided to liquidate any FTT that was still on our books.”d Text Here

While the famous CZ did not state how much FTT will be sold, it’s known that Binance received roughly $2.1 billion worth of BUSD and FTT as part of its FTX exit last year.

SBF tweeted at Zhao and proposed a buyout at $22 per token as a way not to greatly impact the markets.

When it comes to money movements, a $583 million transfer (in FTT) has moved to a Binance exchange wallet over the weekend.

Numerous sources state that FTX’s books are not as good as they seem, and that they might hold too many illiquid assets that might trigger a domino effect if one thing goes wrong.

Methodology

from ethereum.core.fact_hourly_token_prices 
from solana.core.fact_transfers
date(block_timestamp) as date, 
symbol as inflow_symbol,
sum(amount_usd) as total_inflow,
sum(total_inflow) over (order by date asc) as cumulative_inflow
case 
when mint = 'EnuaX3ogrr2CaoAPjtaKHAoBNWok32BMcRozuf32s2QF' THEN 'BUSD'
when mint = 'EYpdBuyAHSbdaAyD1sKkxyLWbAP8uUW9h6uvdhK74ij1' THEN 'DAI' 
when mint = 'Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB' THEN 'USDT'
when mint = 'EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v' THEN 'USDC'

Total Inflow Volume

• The highest number of inflow was on USDC was about 6.1B and consisted 62.1%.
• In the second place, The highest number of inflow was on USDT was about 2.5B and consisted 25.8%.
• The highest number of USDC inflow was 1.7B on November 7th.
• The highest number of USDT inflow was about 818M on November 7th.

Total FTT Price

• The highest price of FTT token was 624.6 on November 1st.

• The trend of FTT price was almost constant and and start to decreasing on November 6th.

• The lowest price of FTT token was 119.8 on November 9th.

  \

Total Outflow Volume

• The highest number of USDC outflow was 1.7B on November 7th.
• The highest number of USDT outflow was about 810M on November 7th.
• The highest number of DAI outflow was 18.16M on November 7th.
• The highest number of BUSD outflow was about 264.7M on November 7th.
• The highest number of TUSD outflow was about 48.9M on November 1st.

Total Netflow Volume

Ethereum

Solana

Total Inflow Volume

• The highest number of inflow was on USDC was about 967M and consisted 78.4%.
• In the second place, The highest number of inflow was on USDT was about 266M and consisted 21.6%.
• The highest number of USDC inflow was 348.6M on November 7th.
• The highest number of USDT inflow was about 98.2M on November 8th.

Total outflow Volume

• The highest number of USDC outflow was 624M on November 7th.
• In the second place, The highest number of USDC outflow was 284.1M on November 6th.
• The highest number of USDT outflow was about 113.7M on November 8th.
• In the second place, The highest number of USDT outflow was about 73.4M on November 6th.

Conclusion

Ethereum

• The highest number of inflow was on USDC was about 6.1B.
• The highest number of USDC outflow was 1.7B on November 7th.

Solana

• The highest number of inflow was on USDC was about 967M.

• The highest number of USDC outflow was 624M on November 7th.

• The highest price of FTT token was 624.6 on November 1st.

• The highest number of inflow was on Binance platform with about 1.13B inflow and The highest number of outflow was on Binance platform with about 1.2B.

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Total Inflow per platform

• The highest number of inflow was on Binance platform with about 1.13B inflow and consisted of 60.7%.
• The highest number of daily inflow on Binance was about 222.7M on November 7th.
• In the second place, The highest number of daily inflow on Binance was about 213.8M on November 8th.

Total outflow per platform

• The highest number of outflow was on Binance platform with about 1.2B outflow and consisted of 74.1%.
• The highest number of daily outflow on Binance was about 328.8M on November 1st.
• In the second place, The highest number of daily outflow on Binance was about 261.3M on November 7th.

Top contract

• Hop Protocol: Usdt L1canonicaltoken with 8193 users was the top first contract.
• After that, USDC with 7216 users was in the second place.
• Hop Protocol: Usdt L1canonicaltoken with about 30.39K was the top first contract.
• After that, USDC with about 18.86K transactions was in the second place.