Introduction

To begin with, we first need to understand what cosmic champs is, what $COSG is and also how they are related. So we'll begin with a brief about cosmic champs and then understand $COSG and finally go on about the analysis. Our main aim would not be to analyse the $COSG entirely, but rather to understand its popularity based on swaps and stakes.

Cosmic champs

Cosmic Champs, is among the first few games on the Algorand blockchain making its mark in the play-to-earn (P2E) gaming arena by allowing you to battle rare 3D NFTs in real-time. In this Cosmic Champs universe, you can take to the arena to battle friend or foe, compete in tournaments and trade with fellow crews, all while exploring the cosmos. You can strategically compile a crew of eight champs to put together a deck that offers you the perfect winning combination.The more concentrated your efforts become on the platform, the faster you will build your crew and the better prepared you will be for battle, especially if tournament play is what you are after. [1]

$COSG

Cosmic Gold ($COSG) is the governance token for the Cosmic Champs universe and is earned by players of Cosmic Champs. There is a finite amount of $COSG in the cosmos, released on a pre-determined vesting schedule. One can Earn $COSG by

1. winning battles and completing other tasks within the Cosmic universe.

$COSG may be used to:

1. earn staking rewards
2. enter NFT prize games
3. build new ships
4. participate in the governance of the game.

Now that we have understood the basics of COSG, we'll look at the objectives and methodology before proceeding with the analysis

Objectives

1. Use the swaps table to look at $COSG and show daily swap to and swap from volume for the asset. Note any trends
2. Show how many stake actions a day are occurring on the yieldly staking pool
3. Plot the staking amounts(the amount of $COGS staked) by day over time on a scatter plot. Identify trends if any

Methodology

For this analysis we consider volume to be the total amount of $COSG swapped. In order to get the data on swaps, we use the algorand.swaps table. However, for the staking functions, we use the algorand. asset_call_transactions to identify tx_group_id which are involved in staking.

Analysis

Following are the items we analyse in this article

1. Number of swaps occurring each day.
2. The volume of swaps occurring every day
3. The number of stakes done by users everyday
4. The staked volume
5. Top DEX used (Bonus)

Number of swaps occurring every day

We first analyse how many swaps occurred involving $COSG tokens over time.

We can see that the graph(blue line) fluctuates around 950. On looking at the cumulative number of stakes, we can clearly say that the total number of stakes have been constantly increasing in the past few days. The number of new stakes is around 950 new stakes / day.

Volume stacked

It appears that the the peak of the graph occurred on April 21 2020. This peak can be attributed to the fact that the game token was announced on the previous day. So, this announcement is what might have sparked the interest of the users. [1]

Another small peak can be found on the graph. One reason that could be provided is the announcement by the algorand team to go carbon neutral [2] and also another article mentioned that bridges for algorand will now be built. [3]

It can also be seen that the trend-line for both swapping from $COSG and to $COSG have a very strong correlation.

Volume of swaps

We define volume as the total amount of $COSG that was parts of swaps.

Similar to the number of swaps graph, It appears that the the peak of the graph occurred on April 21 2020. This peak can be attributed to the fact that the game token was announced on the previous day. So, this announcement is what might have sparked the interest of the users.

We can also see that the trend for swapping to and from $COSG are highly correlated, so we look at the correlation coefficient. correlation coefficient is 0.863 suggesting a very high correlation between the two.

Staking

We shall now look at the stats related to staking. The advantages of staking are

1. Earn staking rewards
2. Get a role in governance

But, hey where can i stake and how much is the reward?

You can stake at yieldy [here] and the rewards while writing the article was 250% APY

Number of stakes

Staking is the process of providing ones token in order to get reward and/or participate in governance. So, we'll now look at the number of stakes.

We observe that a majority of the staking took place on April 21. This can again be related to the launch of the game. The graph suggests that the volume added to the pool has drastically reduced since the launch of the pool. Also, looking at the cumulative volume, we can say with certainty that, after the initial hype, the volume in the pool has now begin to saturate at 2M $COSG.

As per the question, we need to visualise it using the scatter plot, and besides it makes like hairpin etc are eaten by dads

We observe that a majority of the staking, took place on April 21 and the new amount staked daily has reduced drastically.

Combined When we look at the number of stakes everyday and the volume of stakes together, there appears to be an interesting pattern. While the number of stakes did not reduce, the volume reduced drastically. This indicates that the initial stakes were made by whales while the later stakes were made by individual investors (people without a lot of $COSG).

Bonus

We shall now look at which DEX were used for swapping and how the swaps are distributed.

Tinyman and algofi are the only two DEX on algorand where the swaps took place. However, we can see that almost 99.9% of the swaps took place on tinyman itself, while only a minute amount 0.1 % on algofi.

Conclusions

The conclusion can be broken down into points.

1. The new number of swaps and the new volume of swaps have decreased exponentially since the launch of the token on April 20,2022.
2. The graph of swap volume ( to/from) are highly correlated.
3. Around 900-950 new stakes occur every day.
4. The new volume stacked decreased drastically since the launch of the token. The total volume stacked has now saturated at 2M $COSG.
5. The initial stakes were made by whales who contributed a lot to the pool, while the later stakes were made by low value investors.
6. Two DEXs were used for swapping, tinyman and algofi. However, tinyman had 99.9% of the share in swaps.