Introduction

Jumbo is an AMM DEX that offers a cheap, seamless, and unfettered way for anyone to trade on. By tradition, Jumbo also allows anyone to be a liquidity provider without convoluting or masquerading the mode by which any users are able to do so. Retrospectively considering some common in-design flaws of certain DEXes that by virtue of the intricacy of UX unnecessary complicate the methodology of asset-adding and/or liquidity providing, Jumbo takes under purview straightforward, automated modus operandi that preserves simple and straightforward nature. By design, Jumbo leverages Near’s architecture to fully realize the simplicity of developing, tuning, and processing that is inherently present on the Near Blockchain [1].

Methods

The intention of this dashboard is to explore the impact of Jumbo Exchange on Near protocol. To do so several metrics will be calculated and compared against the whole platform.

Some of the topics are:

• Transactions metrics
• Wallets metrics
• Other general metrics
• Liquidity transfers evolution
• Liquidity staking volume

For this analysis, I have used several Near tables provided by Flipside Crypto. In concrete, for the first part of the analysis I have extracted the data from near.core.fact_transactions table by filtering the block_timestamp::date >=current_date - INTERVAL '{{X MONTHS}}' where X will be the number of months selected by the reader to catch the X previous month of data and tx_receiver='v1.jumbo_exchange.near' to only consider the Jumbo Exchange transactions.

The amount of active wallets remained constant over the past month between 10 and 25. It seems that the last days the amount increaed a little bit.

In general, the activity seems to be decreased over the past days being bad for the platform in general terms.

In fact, if we compare the numbers with the Near global numbers, we can see how the highest share rate was 0.008 obtained during the February 21st week represting less than 1%. What impacted the network the most is the number of users that were attracted by Jumbo during those dates, were the share rate increased to 0.72 representing more than 72% of the Near users. However, the current numbers are poor.

Considering the fees of the platform, we can see how as seen in the previous data, the amount of fees paid by day decreased over the past days. Durimg the first days the amount of fees ranged from 0.4 to more than 1 NEAR, while since August, the amount of fees ranged from 0.2 to lower than 1. In fact, if we take a look at the average paid fees per transactions in a daily basis, we can see how there has been a downtrend since the start of the evaluated period, passing from 0.0028 NEAR to around 0.002 NEAR. Even this fact, the amount of transactions did not increase during this time.

Finally, looking at the amount of failed transactions, we can see how in this case, the numbers are so good. Over the whole month, the percentage of suceeded transactions has remained above 98%. In some days, the amount has been above 99.5%, which is an important number for the health of the system.

Conclusions

Over this dashboard, we have analyzed the activity of Jumbo Exchange on Near Protocol over the past month. The most important aspects found have been the following:

• Comparing these numbers with the total Near numbers, we can see how during the first days since the Jumbo inception, the Jumbo numbers spiked drastically and reached its peak on February 14th week, reaching more than 68k transactions and represting more than 2.5% of the total Near transactions. However, the numbers started to decrease over the next weeks and now the percentage of trasnactions represents less than 0.02%

• If we compare the numbers with the Near global numbers, we can see how the highest share rate was 0.008 obtained during the February 21st week represting less than 1%. What impacted the network the most is the number of users that were attracted by Jumbo during those dates, were the share rate increased to 0.72 representing more than 72% of the Near users. However, the current numbers are poor.

• Jumbo has not impacted the Near platform due to their repercution has been null since its inception. The percentage with respect the platform has been below 0.01% since the beginning of the exchange.

• If we take a look at the amount of NEAR transferred out, we can see how the difference is still far from the whole network numbers. In fact, the percentage has been lower than the previous one since the beginning.

• The liquidity activity was higher during the first part of the period evaluated.

• The net amounts of transfers and volume in liquidity have been negative during the first weeks but turned positive during the past weeks but practically negligible.

• JUMBO and NEAR have been the most important tokens.

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This final approach is about the amount of net liquidity transfers and total net volume staked in liquidity for the past 30 days. The tokens used have been basically the stablecoins like USN, USDT, USDC and the JUMBO token, as well as the NEAR token.

In a daily basis, it can be seen how the activity was higher during the first part of the period, with JUMBO and NEAR being the most important tokens. In this case, more than 200 transactions were done daily during the 2nd week, the most important week. The volume was higher than 20k daily in average. During that days, the net transfers and volume was negative.

However, during the past days, the activity decreased in both cases but the net numbers became more positive.

Transaction metrics

Wallets metrics

Other general metrics

Looking at the global activity, we can see how the amount of daily transactions have ranged between 100 and 400 tranactions, registering lower values over the past days. A total of around 6.5 transactions have been done over the past month.

It can be seen as well how the TPM has decreased over the past days from around 0.25 to 0.15.

Comparing these numbers with the total Near numbers, we can see how during the first days since the Jumbo inception, the Jumbo numbers spiked drastically and reached its peak on February 14th week, reaching more than 68k transactions and represting more than 2.5% of the total Near transactions. However, the numbers started to decrease over the next weeks and now the percentage of trasnactions represents less than 0.02%

Liquidity transfers metrics

In case of Near transfers, we can see how Jumbo has not impacted the Near platform due to their repercution has been null since its inception. The percentage with respect the platform has been below 0.01% since the beginning of the exchange.

On the other hand, if we take a look at the amount of NEAR transferred out, we can see how the difference is still far from the whole network numbers. In fact, the percentage has been lower than the previous one since the beginning.

Liquidity volume metrics