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  This Link

Overview

In this dashboard, I will answer this question from Flipside Crypto:

• 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?

Introduction

• About of 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. The protocol implements "programmable privacy," which is defined as arbitrarily complex data privacy controls within an application. Secret Network calls these privacy-preserving applications Secret Apps. The project believes that users and organizations need granular control over their data for blockchain technology to reach global adoption.

Method

>I first measured the daily swap volume of users and the number of daily transactions in the last 3 months from the **osmosis.core.fact_swaps **table.

>Then, looking at the swap volume chart, I realized that on May 12, 2022, the swap volume has almost doubled.

>That's why I went to the news channels and brought my findings below

Good things happened for the Secret network on the may. One of the most important events was the

Shockwave Alpha Mainnet Upgrade was Complete.

Get to know Sharkwave a little more

• Most of the work done by the Secret Team has been on the Shockwave project. This project aims to increase the acceptance and consolidation of its position as a private Web 3 hub.

• Secret Network has worked hard to encourage developers around the world to build apps on their blockchain. These incentives come in the form of rewards, best services for them, and a safe environment to expose their creativity. In addition to optimizing tools and facilitating the development process, the Secret Network team will also organize Hackathon events. This is done through collaboration with other CosmWasm blockchains.

Chart & Analyze;

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• In addition, Secret Network strives to expand its associations internationally by providing educational content and hosting various events. The Secret Team pays special attention to the Asian continent and the number of supported Asian languages ​​is more than European and African languages.

• Secret network executives are known as Secret Agents, and their number is set to increase in the future. These people will have different responsibilities. For example, some of them will work full time for the project and others will have the task of executing the nodes.

• The primary focus of Shockwave are the rapid expansion of both adoption and community growth. This takes the form of the following goals for Secret Network in 2022: 100 new projects building in the Secret ecosystem in H1 2022. Hundreds of thousands of new users onboarding onto Secret Apps in H1 2022.

In short, there was an upgrade in the network that caused:

1. 500-600x speed boosts for certain network events, like NFT mints and airdrops
2. State sync for the CosmWasm directory
3. Interchain accounts

• Additionally, Shockwave Alpha slightly changes how we've previously conducted network upgrades, our first iteration of a shorter upgrade cycle. That means more high-impact features are released more often.‌‌

For more information, you can read this article

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• The diagram above shows the sum of the values Swapping for SCRT.
• The largest volume of swaps took place on May 9 to May 13.
• The maximum volume of swaps is done on May 12, one day after the upgrade.

• The diagram above shows the sum of the values transfers to the secret network. (SCRT)
• As in the previous chart, the most transfers were recorded on May 12.

The last word ...

Shockwave: Secret Network’s Explosive Growth in 2022

• Empower developers to build on Secret Network

  • Dramatically expand funding and incubation opportunities for developers
  • Enhance our developer tooling and support
  • Organize more Secret hackathons
  • Expand and support the Development committee

• Empowering and scaling the Secret community

  • Growing our international community
  • Expanding our Secret Agent program
  • Ensuring global availability for SCRT

Conclusions

1. Important news event was : Shockwave Alpha Mainnet Upgrade was Complete
2. The maximum volume of swaps is done on May 12, one day after the upgrade. ~ 1.26M
3. the most transfers SCRT were recorded on May 12. ~1.01M

jun 02: tutorial(on youtube) how to buy SCRT with Osmosis

jun 9 : Kevin Smith partnered with Secret Network

may 25 : SCRT is now listed on KuCoin

may 26 : Secret Network v1.3.1 is out

may 24 : SCRT is now listed on Lbank

may 11 : The Shockwave Alpha mainnet upgrade is now LIVE

apr 29 : sienna_network successfully launched SiennaLend, the world's first private DeFi lending protocol, built on SecretNetwork

apr 1 : SCRT is now listed on kraken

mar 30 : Okcoin exchange has now opened $SCRT deposits

mar 23 : listed new IBC pairs and farms on loop_finance(scrt-ust)

And the news events I found in the last 3 months

In this dashboard, I only checked the internal news of the secret network. And the most important crypto news was what happened to Luna. And since Secret x Terra worked together (Launching The Secret Terra Bridge), increasing this Swap volume is not ineffective.

• Take a brief look at crypto news!

  • The price of LUNA first fell below USD 1 on 11 May 2022, down from more than USD 65 at the start of the week. Over the past few days, TerraUSD (UST) — an algorithmic stablecoin native to Terra that is supposed to track the price of the US dollar — has drastically de-pegged, throwing crypto markets into crisis. UST’s price currently stands around USD 0.60, according to Binance, but it had dropped as low as USD 0.02250, The Block editors explain.

  • Beyond Luna, Bitcoin's price has also fallen sharply this week, along with other notable crypto coins. On 12 May 2022, the cryptocurrency is trading at roughly USD 26,660, having hit a local low of USD 26,607 on Coinbase, per TradingView data, cited by The Block. This Link