Liquidity Pools - Wallet Composition

    What is the Question?🚨


    1. What type of wallets provide liquidity on Osmosis? 
    2. Is liquidity concentrated and owned by a small number of whales? Or, are there a diverse range of participants in the LP ecosystem? 
    3. Do LP composition change based on TVL of the pools themselves?
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    Introductionđźš©


    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.

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    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.

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    Method⚡


    I extracted the needed data from ==Osmosis.core== schema provided by Flipsidecrypto.

    I mainly used ==“osmosis.core.fact_liquidity_provider_actions”== and ==“osmosis.core.fact_swaps”== tables to gather the LP data.

    Also i used ==“osmosis.core.dim_prices”== and ==“osmosis.core.dim_labels”== for some additional information and calculate the prices or finiding currencies names.

    I used parameter for Pool_ids on some charts and you can insert any Pool_id that you want and see the data for it.

    I didnt used any specific time range and this dashboard made on ==2022-10-25.==

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    Findingsđź‘€

    • As we see in the top 5 pools bar chart in terms of users, obviously the first pool that launched on Osmosis zone is the first and the biggest.(ATOM/OSMO)
    • The second and the third pool are for JUNO that pairs with the most popular tokens on Osmosis zone which are OSMO and ATOM
    • Number of users or swappers peaked on March 2022 and most of them were for ATOM/OSMO Pool
    • After March, number of users saw a massive decline and most of the decrease was for USTC/OSMO and NGM/OSMO

    Findingsđź‘€

    • ==“osmo1s3uhtyzcu2ft4w2dhjtew3gt3lpmc2az2rw5ll”== has deposited the most value between top 10 addresses with 6.95M deposit size, it is also the maximum deposit size between all the wallets
    • There are a total of 119K liquidity providers deposited an average of 776 amount
    • These top 10 wallets accounts almost 25% of all of the wallets and ==“osmo1s3uhtyzcu2ft4w2dhjtew3gt3lpmc2az2rw5ll”== wallet address accounts 7.54% of all by itself
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    Findingsđź‘€

    • Osmosis experienced a huge spike on March 1st 2022 on both LP transactions and LP users
    • On that day, it touched its TVL and then dropped badly after March’s first day
    • Osmosis had its highest LP transactions and LP users on March and most of the users had less than 100$ (Shrimp)
    • Over 85% LPers have less than 1000$
    • Over 80% of LP transactions were less than 1000$
    • Number of Monthly transactions and users saw a huge drop after March 2022

    Conclusionđź’ˇ


    • There was a strange drop to activities on almost all of the activities on June 8 2022 this must be due to a exploit found by the Devs which came down to closing the DEX for further investigation
    • ATOM/OSMO is the most popular and the biggest pool on Osmosis Network
    • Osmosis recorded an all-time high on both LP transactions and users on March 1st 2022 and had the highest number of LP transactions and LPers in that month too
    • ==“osmo1s3uhtyzcu2ft4w2dhjtew3gt3lpmc2az2rw5ll”== is the biggest LPer and recorded the largest deposit value with 6.95M
    • 62.6% of LPers have less than 100$ balance
    • There are a total of 119K liquidity providers deposited an average of 776 deposit size

    Author: Sbhn_NP

    Discord : Sbhn_NP#8717

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    Thanks for your time!