Try Quests to earn cryptoAxelar Token Launch
Method⚡
For solving this bounty i went through ==AXL/OSMO Pool== and analyzed some metrics from it.
I used Osmosis database provided by Flipsidecrypto and used 2 specific tables from it:
==“osmosis.core.fact_liquidity_provider_actions”== for ==LP== data and
==“osmosis.core.fact_swaps”== for ==Swap== data.
I filtered ==AXL/OSMO Pool== data both with its contract address and its pool_id:
Contract Address:
==“ibc/903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E”==
and pool_id = '812'
I analyzed the data hourly and used Log Scale for some charts to make them more understandable
Introduction🚩
What is Axelar?
Axelar delivers secure cross-chain communication for Web3. Secure means Axelar is built on proof-of-stake, the battle-tested approach used by Avalanche, Cosmos, Eth2, etc. Cross-chain communication means you can build a complete experience for your users that lets them interact with any asset, any application, on any chain with one click.
More Info
What is Osmosis?
Osmosis is a DEX protocol, which means it uses smart contracts to determine the price of digital assets, to produce liquidity via a peer-to-peer (P2P) methodology, and to exact trades between users. This approach to an exchange platform is known as an AMM — a DEX protocol that prices crypto assets in liquidity pools.
More Info
Findings👀
- Highest number of LP transactions was on Sep 27th 20:00 and most of it was OSMO
- In all the hours in past 2 days, OSMO transacted more than AXL
- Sep 27th 16:00 had the largest LP volume and most of it was AXL with 1.73M volume and Osmosis was just 745K
- As LP transactions peak, Number of LP providers was peaked at that time too (Sep 27th 20:00)
- Number of Transactions is directly related to number of LP providers in this case (More Providers=More Transactions)
- Number of LP Providers started to drop slowly after its peak on Sep 27th 20:00
- ==“osmo1z6mf937x9ug4ck7lt45f2wyrt9lnway68lpta9”== is the biggest LP Provider with over 2M LPed Amount
- ==“osmo1wjjg0mvsfgnskjj7qq28uaxqwq5h38q68enshj”== has the highest number of transactions with 17 transactions in past 2 days and the second one has 11 transactions and he is not even close to him, except these 2, rest of the top 10 has under 4 transactions
- LP providers are much more than LP removers with 98.7%
- Most of the actions are Providing LP not Removing it
- Uses both providing and removing AXL more than Osmo (AXL has more interactions)
Findings👀
- Number of swaps peaked at Sep 27th 20:00 like Number of LP transactions and LP providers,It seems like Sep 27th 8 PM was a busy hour for AXL/OSMO Pool
- After that hour, Number of swaps dropped badly until this day (Almost 75%)
- Large amounts of Cerberus and injective swapped on Sep 27th 19:00
- 3 hours later at 22:00, users suddenly decided to swap Luna Classic(Its dead btw😂😪)
- Users didnt really swap much on other hours except Sep 27th 19:00 and 22:00 and Sep 28th 02:00
- Osmosis and Cosmosis(OSMO and ATOM) swapped so many times in AXL/OSMO Pool (44.4% of all swapped tokens with a total of 626 Swaps)
- Sep 27th 17:00 had the largest swap volume for AXL
- 78.4% (460) of Wallets just swapping their assets than both providing and swapping
- Swappers are mostly one time users and they do 1 transaction(Swap) then disappear but LP providers are usually doing over 1 transaction
- Swappers are much more than LP providers
Conclusion💡
- LP Providers transacted OSMO more than AXL but AXL amount was much more than OSMO amount in the first hours of Pool’s launch
- Number of LP providers peaked on Sep 27th 20:00 and they recorded highest number of LP transactions in that time too
- 98.7% of users are LP providers not LP removers
- Users are providing AXL more than OSMO and also removing AXL more than OSMO and its totally makes sense and maintains balance
- Number of swap and swappers are related to each other and doing pretty much the same move together
- Cerberus and Luna Classic were popular between swappers
- Swappers are mostly playing with Osmosis and Cosmosis
- Most of Swappers are one time users and most of LP providers have more than 1 transaction