Try Quests to earn cryptoETH Derivatives
The Question
Consider the liquid staking ETH derivates from ankr, rocketpool and lido(aETH , rETH and stETH ).
What are some trends around the price volatility for these tokens? Swap activity?
Approach
The platforms Ankr, Rocketpool and Lido was analyzed and explored in my previous dashboard and based on the results , Lido is more popular than the other two and its stETH is more popular than the other two tokens as well.
Items provided in this dashboard
**part1-prices**
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Daily difference from wEth price (%)
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price peg to wETH
Part2 - Swap Activities
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total / daily / cumulative swap count by token_in and also token_out
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total / daily / cumulative swap amount by token_in and also token_out
Part3 - Holders and Supply
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Dsitribution of rETH/ stETH/ aETH holders by balance
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rETH/ stETH/ aETH tot holders
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rETH/ stETH/ aETH tot supply
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stETH
0xae7ab96520de3a18e5e111b5eaab095312d7fe84is Lido's liquid variant of staked ETH. stETH is a token that represents staked ether in Lido, combining the value of initial deposit + staking rewards. stETH tokens are minted upon deposit and burned when redeemed.\
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rETH
0xae78736cd615f374d3085123a210448e74fc6393is a staking token that users will instantly receive for their staking in the Rocket Pool network.\
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aETH
0xe95a203b1a91a908f9b9ce46459d101078c2c3cbis a staking token that users will instantly receive for their staking in the ankr network\
part1 - Prices
In this section, we have examined the prices of the mentioned tokens and presented two charts , PEG and the percentage difference from the wETH price.
Surveys show that among the three tokens proposed, aETH has had more of a price gap with the price of Ethereum than the others. Looking carefully at the charts, on March 17, 2022, this price gap reached its peak and while stETH has only -0.11% and rETH +2% price difference with Ethereum, the price of aETH is 18.5% lower than the price of Ethereum.In the following, its situation has improved a little and has become closer to the price of Ethereum, but in general, it can be said that it differs by -6% on average from the price of Ethereum. It means that it has recorded the lowest price among the three tokens.
Regarding stETH, it can be said that until mid-May 2022, its price was almost the same as Ethereum, but after the middle of May, it faced a price reduction. This is visible in all three tokens. The bear market has not been unaffected in this situation.Among these three tokens, rETH has always had a higher price and even its price was higher than Ethereum. The price drop in mid-May has also been effective in this.
Part 2 - Swap Activities
2-1 swaps in
In this section, we have reviewed the swaps related to these tokens in the state where they were token_in. At first glance at the graphs, as we expected, stETH has the highest number of swaps, as well as the highest value. At the beginning of 2021, the number and value of swaps to aETH was more than stETH, but with the passage of time, stETH has overtaken in the number and value of swaps and holds the first rank until today. Over time, swaps to aETH have become much less.
2-2 swaps out
In the case of swaps_out, the conditions are the same as in the previous part, and while in early 2021, the number and amount of swaps out related to aETH was higher, with the passage of time, the amounts decreased and stETH, surpassing it, has the largest number and amount. Is. Developments for rETH are available from early 2022 onwards and indicate that it is generally outpacing aETH.