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What is Osmosis (OSMO)?
Osmosis is an automated market maker (AMM) protocol that allows developers to create bespoke AMMs with sovereign liquidity pools.
Osmosis, which was built with the Cosmos SDK, makes use of Inter-Blockchain Communication (IBC) to facilitate cross-chain transactions. In other words, Osmosis is a decentralized exchange designed particularly for Cosmos, with intention to spread to other blockchains in the future.
Osmosis is one of the first Cosmos-based AMM DEX. TVL of Osmosis increase 100% since the beginning of 2022 ( $811.63m – $1.79b), Besides Cosmos is top 20 in the cryptocurrency market so the growth potential of Osmosis in the future is feasibility.
Osmosis is inspired by Uniswap, Balancer, and Curve Finance, so it has the advantages of all three mentioned AMMs.
The goal for Osmosis is to provide the best-in-class tools that extend the use of AMMs within the Cosmos ecosystem beyond traditional token swap-type use cases.
Osmosis is a sovereign Cosmos zone that draws its sovereignty not only from its application-specific blockchain architecture but also from the collective sovereignty of the LPs who have aligned interests in various tokens for which they provide liquidity.
OBSERVATIONS
As the information above suggest, total wallet users on osmosis are 571 thousand’s people overall till 10/17/2022. This market bears approximately 17 thousand’s active users per week and 112 thousand’s per each month. the daily user count can also be seen on the left side of this paragraph which is barely a thousand during 24 hours.(last updated also on 10/17/2022)
==New and Daily Users==
as shown on the paragraph on the left, sum of the total new users start to rise drastically January the 5th till April 22th and continue to Add ever since.
The unique Users chart however is dropping after around April 26th and you can see a huge decrease on Jun 8th.(Also on new users chart which is shown with green pillars at the bottom.
this scenario reverts after wards but the overall unique Users are still less then before as you can witness from Jun 8th till October 17th.
OBSERVATIONS
Same as the last 2 Graphs the amount of users that were online was at its peak during superfluid staking and this number even rises to nearly a 120 thousands per day at March 22th. but the time span is a little bit different than the last two graphs and this event is occurred from January 17 till May 20th.
IBC In and Out transactions also have a huge Impact starting at January 2022 but after March 2022 the outro transactions keep falling till October according to the information bellow.
OBSERVATIONS
Here’s a simple weekly active osmosis User per week which peek’s at nearly 58 thousand users per week but the average Users (during all time) per week is a bit more than 21k.
OBSERVATIONS
Similar to the last section we can see the Osmosis swappers amount per week in front of us which peeks at approximately 22k a week and average of 10k overall.
OBSERVATIONS
In the columns at left we can see that nearly 40 percent’s of total swappers are belonging to ATOM and OSMO tokens alone. the ATOM column overcome OSMO with a tiny 0.3k swappers a week.
OBSERVATIONS
max weekly Osmosis Transferrers are at 166.4k Users a week and the average number is 62.6k a week total.
Conclusion
In the end, by combining the information above we can see that the average unique users to OSMOSIS market is decreasing since last couple of month’s. but the overall new users is still at a high ground here, and the superfluid staking event had the most impact on the number of users and transactions.
The interesting info is that inside the OSMOSIS itself the OSMO token is at the second place, bested by ATOM by a very close final amount.
Appendix
The solution of this question and the queries are completely used from the filipside database
The construction of the dashboard was also used from the site app.flipsidecrypto.com/velocity, which belongs to flipside
What is the question?🚨
What has been happening in the Solana defi ecosystem since the Mango Markets Hack?
Has activity increased? Decreased? Are users flocking to any particular defi apps?Are they leaving the ecosystem?
Chart flows in and out of centralized exchanges from the Solana ecosystem. Has staking behavior changed on Solana since the hack? Note any trends or outliers you see in Solana defi.
Methodology
In This dashboard, we will look at the daily active users on osmosis in terms of swaps, LP actions, and transfers. We are looking to see the activity of users on Osmosis and what they use the chain the most for.
In this dashboard, active users are those who were active on the network at least 3 days a week
Some ==queries== and charts and the ==method== description section are copied from the following dashboards:
Thank you very much dear ==jacktheguy== and ==pinehearst==
OBSERVATIONS
Again here we see weekly active(similar to last graphs) of Osmosis liquidity providers.
Peek at 11.6k a week and an average number of 4k weekly.
About me:
- Author: Hojjat
- Discord: hojjat7878#8809
- Twitter: @hojjat8d
- Email: hojjat78delshad@gmail.com