What is the Question?🚨

This week has highlighted the need for transparency & decentralization in crypto markets. Let's see how users have reacted to this wild week in Web3. Have behaviors changed? Analyze growth in Osmosis Volumes & User Count this week.

Has more money flowed into Osmosis this week compared to the past few weeks/months? Where is this money coming from? Centralized Exchanges? Have wallets moved more into stables?

Analyzed Topics:

1. Swap Activity
2. Transfers TO Osmosis

Introduction🚩

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

What is OSMO(Token)?

The Osmosis token (OSMO) is used to vote, stake, and provide liquidity throughout its pools. Superfluid staking, a process novel to the Osmosis protocol, allows users to stake assets to secure the network while simultaneously providing assets in a liquidity pool.

More Info

Method⚡

In this dashboard i analyzed Osmosis daily swap and transfer IN activity since the beginning of November and see that is there any changes happened to the network after FTX’s collapse or not.

I mainly used ==Osmosis.core== Database provided by Flipsidecrypto and fact_transfers & fact_swaps tables.

I analyzed the data since the beginning of November 2022 and divided daily charts by Before and after FTX’s collapse that happened on November 7th.

Dashboard made on ==2022-11-16==

1. Swap Activity

Findings👀

• Above charts are showing overall Osmosis Swap Activity and also on a daily basis since the beginning of November and divided by FTX’s Collapse that happened on November 7th.
• As we see, swap activity on Osmosis increased after November 7th due to FTX’s collapse.
• Osmosis recorded more swaps by more swappers in November after FTX’s collapse than before it.
• Daily Osmosis swap USD volume experienced a spike on November 8th and increased almost 20M dollars.
• Over 92K swappers recorded more than 400K swaps after FTX’s collapse on Osmosis and the swaps are almost more than 120K than before FTX’s collapse.
• Most of swaps and swap volume in USD recorded on Nov 8th & 9th and OSMO, ATOM and axlUSDC were accounting over 75% of swapped assets in those days and in the whole November too.
• axlUSDC is the most swapped token since the beginning of November with almost 30% of all swapped tokens followed by ATOM with almost 26% and OSMO with almost 18% of all.
• axlUSDC is in the first place of swapped tokens, then ATOM and OSMO places in the second and third places respectively.

2. Transfers TO Osmosis

Findings👀

• In this section i showed the trasnfers that are coming to Osmosis in Novmber or we can say November Osmosis Inflows.
• Again here we see that transferred USD volume into Osmosis recorded a huge spike after November 7th and over 16M USD volume entered Osmosis on Nov 8th & 9th.
• Bridged assets by USD volume recorded an all-time high on Nov 8th & 9th and most of them were ATOM that sent to Osmosis.
• As we see in above pie chart, ATOM is the most bridged token TO Osmosis, with almost 31M USD volume and accouting over 43% of all bridged tokens followed by USDC.axl, Axelar native stabelcoin with over 13,8M USD volume and accounting over 19% of all bridged Assets in November.
• ATOM in the first place, USDC.axl in second and EVMOS in the third are most bridged tokens TO Osmosis since the beginning of November over time.
• ==“axelar19xj4ncc6h6y5ahpfqtspdx75y3dkrxj3zpah9k”== is the biggest sender to Osmosis in terms of USD volume with over 18M$ volume that sent to Osmosis only by itself. This number is so huge and 16M$ than second sender.
• The first sender has sent over 18M USD volume to Osmosis and the rest of top 5 have sent under 3M USD volume.

Conclusion💡

• Swap activity on Osmosis increased after November 7th due to FTX’s collapse.
• Osmosis recorded more swaps by more swappers in November after FTX’s collapse than before it.
• Daily Osmosis swap USD volume experienced a spike on November 8th and increased almost 20M dollars.
• Over 92K swappers recorded more than 400K swaps after FTX’s collapse on Osmosis and the swaps are almost more than 120K than before FTX’s collapse.
• Most of swaps and swap volume in USD recorded on Nov 8th & 9th and OSMO, ATOM and axlUSDC were accounting over 75% of swapped assets in those days and in the whole November too.
• axlUSDC is the most swapped token since the beginning of November with almost 30% of all swapped tokens followed by ATOM with almost 26% and OSMO with almost 18% of all.
• Transferred USD volume into Osmosis recorded a huge spike after November 7th and over 16M USD volume entered Osmosis on Nov 8th & 9th.
• ATOM is the most bridged token TO Osmosis, with almost 31M USD volume and accouting over 43% of all bridged tokens followed by USDC.axl, Axelar native stabelcoin with over 13,8M USD volume and accounting over 19% of all bridged Assets in November.
• ATOM in the first place, USDC.axl in second and EVMOS in the third are most bridged tokens TO Osmosis since the beginning of November over time.
• ==“axelar19xj4ncc6h6y5ahpfqtspdx75y3dkrxj3zpah9k”== is the biggest sender to Osmosis in terms of USD volume with over 18M$ volume that sent to Osmosis only by itself. This number is so huge and 16M$ than second sender.
• The first sender has sent over 18M USD volume to Osmosis and the rest of top 5 have sent under 3M USD volume.

Author: Sbhn_NP

Discord : Sbhn_NP#8717

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Thanks for your time!