Try Quests to earn cryptoOSMO on Coinbase
Coinbase recently made an exciting announcement regarding its plans to include support for Osmosis ($OSMO) on the Osmosis network. This means that Osmo tokens will soon be available for trading on Coinbase, one of the leading cryptocurrency exchanges.
Osmosis is an app-specific chain that has been developed using the Cosmos SDK. It is particularly notable for being an automated market maker (AMM) platform that enables developers to create customized AMMs with sovereign liquidity pools. By utilizing Osmosis, developers gain the flexibility to design and deploy their own AMMs with unique features and tailored liquidity pools.
With Coinbase's decision to list Osmo, it signifies a significant step forward for the Osmosis network and its native token. This listing opens up new opportunities for Osmo holders, traders, and enthusiasts, as Coinbase is widely recognized as a reputable and popular platform within the cryptocurrency ecosystem.
The trading of Osmo tokens on Coinbase is scheduled to commence on or after 9 AM PT on May 25th, 2023. However, it's worth noting that the exact timing may be subject to liquidity conditions being met. It is advisable to stay updated with official announcements from Coinbase and the Osmosis network to ensure the most accurate and current information regarding this listing.
In this dashboard, I conducted a comprehensive analysis of the impact of the $OSMO listing on Coinbase on the $OSMO token from various perspectives. I examined the swap, transfer, and LP (liquidity providing) activity surrounding the listing days, which occurred on May 25th.
The purpose was to understand how this event affected the $OSMO token and how the $OSMO community responded to it after the announcement.
To perform this analysis, I utilized the fact_swaps, fact_transfers, and fact_liquidity_provider_actions tables from the Osmosis.core schema provided by Flipsidecrypto. I specifically focused on the Osmo token by filtering the data using Currency = 'uosmo'.
IMPORTANT: It is worth noting that I analyzed the $OSMO token activity for one week before and one week after the announcement, encompassing the period from May 18th to May 31st. This extended timeframe allowed for a more comprehensive understanding of the impacts of this news.