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It is obvious that more transactions took place on Osmosis Dex during the FTX crash.
The DEX's average tx number during regular weeks was between 100 and 200K.
nonetheless, with FTX's collapse, the daily transaction count exceeded 150K.
But there is no obvious trend in cumulative chart
Following the FTX crash, transaction count volatility was 16% positive on a daily basis. Other days did not exhibit this tendency prior to FTX collapsing. Therefore, during the FTX collapse, DEX activity soared. Additionally, during the collapse, wallet activity increased significantly and reached six transactions per wallet. This number was around 4-5 transactions per wallets in earlier days before the crash.
Additionally, the number of DEX users surged following the FTX crash. However, this growth is less obvious than the daily transaction rate.
Additionally, during collapse, the cumulative chart is not aberrant.
The DEX's daily unique user count surpassed 30K during the FTX crash.
nonetheless, it was closer to 20–30K users per day.
During the collapse of FTX, the volatility of the number of unique uses was very high. Ordinary days did not demonstrate this tendency.
Moreover, amid FTX's collapse, the activity of the top 10 users significantly rose.
We can observe that on typical days, the top users' transaction counts were about 15K per day.
however with the collapse of FTX, this amount exceeded 20K transactions daily.
Following FTX's bankruptcy, new users' activity fell while that of those with multiple transactions rose.
Additionally, the graph above shows that following FTX's collapse, the top 10 users' activity surged.
Consequently, we may draw the conclusion that following FTX's collapse, user activity rose.
and absorbing new users during the FTX collapse shows no particularly noticeable tendency.
After FTX's bankruptcy, there was a significant increase in the daily volume of swaps. Before the FTX collapse, there were typically 40K swaps per day; however, following the FTX collapse, there were 60–70K swaps per day.
However, it's intriguing that there isn't a similar tendency in the quantity of SWPPers!
During the FTX crash, it is evident that the older users utilized DEX more frequently than usual.
Since the end of October, USD swap volume has been increasing, but with the FTX crash, it soared and reached 6 Billion USD per day.
However, following the FTX crash, the average USD volume of swaps was on a downward trend.
These charts show that the USD volume of outflow from the DEX was much more than the inflows.
However, the Osmosis DEX inflow transaction figures much outweigh the inflows.
We can thus draw the conclusion that there are more USD outflow transactions than inflow ones.
(After FTX collapse, USD volume climbed but TX counts did not.)
Following the FTX crash, the volume of USD tokens entering the DEX surged. nonetheless, this rise persisted for two days. However, the volume of inflows to DEX was the same as it was in the days preceding the collapse of FTX. and it demonstrates that although the number of transactions remained same following the FTX crash, the value of each transaction grew.
Following the fall of FTX, the USD amount of outflows from the DEX surged, as did the number of transactions (this trend was not visible on inflow charts).
Although inflows have more transactions than outflows, outflows in USD volume are greater.
After the fall of FTX, both swaps from and to stablecoins significantly surged. However, there are more swaps to stablecoins than from stablecoins.
and it demonstrates that following the FTX crisis, investors favor stable funds over risky ones.
and stablecoin activity peaked with the FTX crash.
... this quantity of exchanges was unheard of prior to the FTX disaster.
It is obvious that there was a significant rise in the number of swaps during the FTX crash, and the preceding data leads us to believe that ATOM and USDC.axl have experienced this spike more than other tokens. maybe as a result of particular tokens being more stable than others. Moreover, with the collapse of FTX, the amount of SWPAs rose, notably for the ATOM token.
We may infer from two additional charts that there are much more swaps to stablecoins than swaps from stablecoins.
However, the USD volume of these swaps remained essentially unchanged until the collapse of FTX.
This section will analyze the OSMO binance intake and outflow.
It is evident that both the influx and outflow of OSMO from and to Binance surged following the FTX crash.
But more money is leaving Binance than entering it.
And it demonstrates that following the FTX crash, consumers frequently retain their funds off of the exchange and in their wallets.
The cumulative data demonstrates that following the FTX crash, Bincance's outflow spiked but its intake did not grow at the same rate.
the other figure demonstrates that Binance's outflow rose more than its influx.
People therefore tend to keep their digital assets in their own wallets after the FTX collapse.
Background:
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.
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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?
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Introduction:
Osmosis is a new innovation of Decentralized Exchange built on an entirely different ecosystem. Decentralized Finance has continued to witness progressive innovations different from the existing ones. Osmosis is a decentralized exchange created by making use of the Cosmos SDK built on the Cosmos ecosystem a framework used for creating blockchains. Osmosis also adopts the use of the Automated Market Maker features enhancing liquidity on the cosmos system.
The Osmosis exchange was developed on public and open-source software that allows peer-to-peer transaction and allows trading of tokens accepted by the IBC. Users are allowed to access pools by making use of webs or mobile interfaces. So operations are not limited to the website alone but users must understand that they are responsible for the interfaces and fees. Osmosis exchange is highly volatile and users may experience fluctuation of token prices in their trading pair.[1]
FTX's collapse took place over a 10-day period in Nov. 2022. The catalyst for the crisis was a Nov. 2 scoop by CoinDesk that revealed that Alameda Research, the quant trading firm also run by Bankman-Fried, held a position worth $5 billion in FTT, the native token of FTX. The report revealed that Alameda's investment foundation was also in FTT, the token that its sister company had invented, not a fiat currency or other cryptocurrency.6 That prompted concern across the cryptocurrency industry regarding Bankman-Fried's companies' undisclosed leverage and solvency.[2]
Method:
In this dashboard I used 5 section to analyze Osmisis changes during FTX collapse include:
1-Transactions
2-Users
3-Swaps
4-INFLOW and OUTFLOW
5-CEX activities(Binance) on Osmosis during FTX collapse
In transaction section I mentioned these analysis:
1-Daily number of transactions (this week compared to the past few weeks)
2-Cumulative number of transactions (this week compared to the past few weeks)
3-Total number of transactions Volatilities (this week VS other days)
4-Average number of transactions per wallets(this week VS other days)
\n In user section I used these analysis:
1-Total number of Unique users per day (This week VS other days)
2-Cumulative number of unique users (this week compared to the past few weeks)
3-Total number of unique users Volatilities (this week VS other days)
4-Top 10 users number of transactions(this week compared to the past few weeks)
5-Cumulative Number of new users in recent weeks
6-Total Number of new users in recent weeks
\n In swaps section I showed these charts:
1-Daily number of swaps(this week compared to the past few weeks)
2-Daily number of swappers(this week compared to the past few weeks)
3-USD volume of swaps(this week compared to the past few weeks)
4-Average USD volume of swaps(this week compared to the past few weeks)
5-Daily number of swaps from stablecoins
6-Daily number of swaps to stablecoins
7-Daily number of swaps based on different tokens
8-swaps volume based on different tokens
9-Daily number of swaps to VS from stablecoins
10-USD volume of swaps from VS to stablecoins
In inflow and outflow section I mentioned these analysis:
1-USD volume of inflow to Osmosis
2-transaction counts of inflow to osmosis
3-USD volume of outflow from Osmosis
4-transaction counts of outflow from osmosis
5-USD volume of inflow and outflow
6-inflow and outflow tx count
And in the last part I showed binance user behavior on OSMO token include:
1-Inflow VS Outflow of OSMO in Binance
2-Daily number of Inflow VS outflow walets in Binance
3-Cumulative Binance Inflow vs Outflow OSMO Volume
4-Normalised Binance Inflow vs Outflow Volume
1-After the collapse of FTX, the average number of transactions per wallet as well as the daily number of transactions rose. and it indicates a rise in DEX usage following the collapse of FTX.
- After FTX collapsed, more people joined DEX, and the top 10 users' activity also grew significantly.
- The number of new users is around average and not extremely high following the FTX crash.
4-However, following FTX's bankruptcy, active users activity rose.
5-After the collapse of FTX, the total volume and number of swaps grew, but the number of swappers remained constant.
6-After the FTX crash, swaps to and from stablecoins rose, although the rise in swaps to stablecoins is considerably larger than the increase in swaps from stablecoins.and it demonstrates that due to market volatility, investors choose to maintain stable assets rather than risky ones.
7-After the FTX crash, Osmosis DEX inflows and outflows both grew, but outflows in USD volume are more than inflows.However, inflows have higher transaction counts than outflows.
8-Figures from Binance indicate that more money is leaving Binance than entering.and following the collapse of FTX, many prefer to store their money in their own wallets as opposed to an exchange.
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