Both Solana and Near starts price starts to fall down in November 6 onwards.

• November 6 the loss was a 2% of price for Near and 0.4% loss to Solana

• November 7 the loss was a 5% for Near, 10% for Solana

• November 8 was 8% for Near, 13% for Solana

• November 9 the spike in negative growth for both was:

  $NEAR lost 18% of their value and $SOL lost 33% of their value

Overall $SOL was the most affected in value and thats normal, being $SOL the asset sold by FTX and Alameda to keep making inflows on their protocols

Unstaking Activity

Swap Activity

It’s seems that the overall Swap volume for Solana was highest, being the most affected by the FTX events, and total volume and average correlates very well.

But both blockchains seems to have the same reaction to the FTX crash with an increase of swap activity and volume during the event.

Methodology

• Using Flipside Data Tables from Near and Solana:
  • core.(swaps/transaction/stake): To get the info about all this areas
  • price: To get the value in USD for the differents Assets.

Summary

• Overall Near price didn’t change too much, and thats the reason why the unstake volume was highest, in Solana case the drop of their price seems to be the reason there isn’t too much volume as near being unstaked.
• Swap Activity and Volume in Solana was really highest in November, and Near isn’t as high.
• Overall Near is having better results against this storm than Solana.

Solana and Near are under a bad storm called FTX Crash

• Because of the recent collapse of Alameda&FTX all the blockchains are dealing with massive loss of money overall, people afraid of losing more funds are unstaking and move their assets to something more stable, investors are leaving the crypto-environment with the fear of a new crash.
• The events that happens in November 6, remember the same events which transpired during May 6 when the Luna/Terra also crashed affecting all of their blockchain neighbors.
• Today you’ll see how the Solana and Near environment are dealing with these events of November.

How this Dashboard works?

• First all the charts have Daily Refresh because all of them are measuring days.
• First we’ll look the Prices of both $Near and Sol, and then look at the overall user activity related to all transactions.
• Then we’ll look at the unstake area for both, with Users, unstake activity and Unstake Volume.
• Finally we’ll look at the swap area for both, with users, swaps activity and Swap Volume
  • We’ll be using DoD growth, that means how the activity change per day in comparison with the past day, to see the effect in both chains.

Citizens in Near starts to go in a downtrend in the month of November, a difference for Solana where the users appear during the events of the FTX crash (9 November.

Transaction activity for Near seems to increase before the events, and then mantain their position for some days, after that they go downtrend again.

Transaction activity for Solana seems to decrease during the events, mostly because the high number of transactions made unstability in the blockchain, (we’re only counting succesful transactions). After november 9, the activity resumes with an uptrend until November 11, where the activity drops again.

Price of Native Tokens - General transaction/user activity

Unstake activity spikes for Near and Solana in November 9, with a lot of new users unstaking their assets

Number of unstakes also spikes in November 9 for Near and November 10 for Solana

Unstake Volume seems to be higher for Near before the events, and during the events the Growth reach their biggest spike in Unstake volume, then in November 14, citizens of near starts to unstake in high amounts.

For Solana, it’s seems that during the events of the crash there is a high Unstake Volume, after that the volume stays small without abrupt changes.

Near unstake volume was highest in November, but Solana presents a constant increase of cumulative volume during the events of FTX.

Average and Total volume in Near correlates very well, meanwhile Solana presents more activity in unstakers after the events of FTX crash.