bluewaters_analytics
#AVALANCHE : 90 Days Must-See Insights
May 7, 2024 - 🚀 Embarking on a journey through the Avalanche ecosystem! 💡 Here's a deep dive into the latest findings from a comprehensive transaction analysis spanning 90 days. 📊 🔍 Unveiling User Dynamics: In this dynamic landscape, Avalanche welcomed a staggering 521K new users, expanding its reach to a total user base of 2.2M. This influx signals a growing interest and adoption within the crypto community. But what about retention? The churn rate holds steady at 0.8%, reflecting a healthy level of user engagement and loyalty. 🌱
SEAPORT 1.6 ANALYSIS
Apr 10, 2024 - On March 20, Seaport Working Group unveil Seaport 1.6 being the latest generation of the most advanced NFT marketplace protocol in the EVM ecosystem. This dashboard explored the latest trends, popular projects, and transaction dynamics. Stay ahead in the EVM ecosystem - Let's navigate the waves of innovation together!"
VERTEX PROTOCOL - EDGE TRADING ANALYSIS (30-days)
Apr 16, 2024 - Here is summary of Vertex Edge is all about Vertex Edge is described as a novel synchronous orderbook liquidity product designed to unify cross-chain liquidity across different blockchain networks. Purpose: The primary goal of Vertex Edge is to address the issue of fragmented liquidity across multiple blockchain networks by aggregating liquidity from supported chains and settling transactions locally on-chain. Functionality: Vertex Edge operates as a virtual market maker between exchange venues on different chains. It splits the state of the sequencer between supported chains, allowing for the intake and cloning of inbound orders from each chain. Independent orders from one chain are matched against liquidity from multiple chains, and the sequencer takes the opposite side of inbound trades, automatically hedging and rebalancing liquidity between chains. Cross-Chain Capability: Edge extends the capabilities of the Vertex sequencer cross-chain to any supported base layer ecosystem, enabling it to run on multiple chains simultaneously without fragmenting liquidity. Settlement Process: Settlements are rendered on specific chains where corresponding balances need to be altered, ensuring efficient and localized transaction processing. Analogy: The analogy of Vertex Edge as a network of highways connecting isolated liquidity islands illustrates how it merges liquidity from different blockchain networks into a continent of shared liquidity, enhancing efficiency in order matching and trading across chains. Given this information, an analysis of edge trading opportunities within the Vertex Edge protocol could involve examining how traders can leverage its cross-chain liquidity aggregation, settlement mechanisms, and market-making functionalities to identify and capitalize on arbitrage opportunities, exploit market inefficiencies, or implement other edge trading strategies across multiple blockchain networks.
RUNE PROTOCOL LAUNCH: ACTIVITIES AFTER BITCOIN HALVING
Apr 21, 2024 - Previously, Bitcoin (BTC) was the sole known token on the Bitcoin network, with a simple programming language that did not allow for the issuance of other types of tokens. However, with the emergence of Ordinals, the door for the development of alternative token types was opened, leading to the birth of many new protocols in 2023, including BRC-20, ARC-20, ORC-20, ORC-CASH, SRC-20, along with older solutions such as RGB, Counterparty, Omni Layer, and Taproot Assets. BRC-20 operates based on the Ordinals protocol, where each transaction creates new UTXOs to record its balances. As the number of BRC-20 tokens and transactions increases, the number of UTXOs also increases, leading to spam on the Bitcoin network. Furthermore, BRC-20 token data is stored in the Witness Data instead of in UTXOs, causing expensive network costs when participating in rewards on the Bitcoin network. Recognizing these limitations, the founder of Ordinals sought to address them by developing an entirely new protocol for alternative tokens, aiming to optimize fragmentation within the system, leading to the birth of the Runes Protocol. Reference: AZCnews. Their write-up sparked my curiosity.
Avalanche: Revenue Analysis in Q1
Apr 21, 2024 - 📊 Exciting 🚀 Our latest dashboard reveals some impressive insights into Avalanche's revenue performance. Please don't forget to show some love by like, comment ,share and support this dashboard Let's dive in: 1️⃣ Total Revenue in Q1: $7.5M 💰 2️⃣ Average Daily Revenue: $82K 📈 3️⃣ Highest Performing Month: February, hitting $586K 💥 Looking at Revenue Structure month-on-month, we observed a significant spike in revenue in February, reaching $53.27M. This surge coincides with the introduction of Avascription. Subsequently, Avalanche's revenue growth rate has been on an upward trend, increasing from 24% in February to 55% in March. 📈 However, I won't forget to mention @apostleoffin for the great insight got through your dashboard that provided me clarity
AXELAR: Comprehensive Revenue Growth Analysis
Apr 18, 2024 - Axelar is a blockchain interoperability platform that aims to connect various blockchain ecosystems, allowing them to communicate and interact seamlessly. It provides a decentralized network of nodes that facilitate cross-chain communication, enabling assets and data to move between different blockchains without the need for centralized intermediaries. This interoperability is crucial for the scalability and widespread adoption of blockchain technology, as it allows for the creation of decentralized applications (dApps) that can leverage the strengths of multiple blockchains simultaneously. Axelar's mission is to break down the barriers between different blockchain networks, ultimately creating a more connected and interoperable ecosystem. However, I won't forget to mention @apostleoffin for the great insight got through your dashboard that provided me clarity
VERTEX Q1 Revenue Analysis (Spot + Perpetual)
Apr 14, 2024 - This dashboard focused on understanding the revenue of both spot and perpetual activities on the Vertex Protocol in Q1.
Seaport 1.6
Apr 3, 2024 - On March 20 2024,OpenSea Unveils Seaport 1.6, and promises Up to 5% Gas Fee Reduction. It has 'Seaport hooks,' inspired by Uniswap v4 hooks. This groundbreaking feature aims to augment the utility and liquidity of NFTs by allowing developers to incorporate custom contracts directly into the Seaport protocol. But before I go into analysis of what has happened so far. I decided to look into Seaport 1.5 activities since last. Look into my dashboard for the full gist. I will update you on Seaport 1.6