bluewaters_analytics
ARBITRUM NFT SALES M-on-M Analysis
Jun 9, 2024 - According to Cointelegraph, NFT sales dropped from $1 billion to $624 million in May. So I decided to delve into Arbitrum's performance. Despite a 24.3% drop, it wasn't the worst-performing chain. You might ask, what caused the drop? Market saturation, changing investor sentiment, and broader economic uncertainties could all be factors in this decline. Let's dive into the details of Arbitrum's performance: Seller's Growth Rate: -16.2% Sales Volume: -24.3% Creator's Fee: -34.3% Total Fees Growth Rate: -36.4% These figures indicate that while Arbitrum faced challenges, it still maintained a significant presence in the market. The decrease in seller growth and creator fees suggests a shift in how creators and sellers are engaging with the platform, potentially due to the broader market conditions. Please like, share and Comment on my Post: https://x.com/EmmanuelNwone
ARBITUM in Check
Jun 7, 2024 - Arbitrum is making waves in the crypto world with its impressive user growth and transaction volumes. Despite some market challenges, Arbitrum’s robust performance and innovative platform are setting new standards. Dive into our comprehensive dashboard to explore the key metrics and insights that showcase why Arbitrum is a force to be reckoned with in the NFT space. 📊🔍 Credit: @Kavehh, i viewed your dashboard when am checking something new
#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
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
#NEAR Protocol: Exploring Q1 Circulating Supply Trends 🚀
May 14, 2024 - I carried out an analysis on @NEARProtocol and found out that NEAR tokens are gradually unlocked into the treasury. In Q1 2024, about 86% of the total NEAR supply is in circulation.
APTOS THIS WEEK
May 25, 2024 - This dashboard was created to see Aptos Performance this week. What shock me the most was the percentage change in transaction. Credit: @cristinatinto, @Saleh and @apostleoffinance, I look into to their dashboard before creating mine. Infact your works mentor's me. I wish to meet you one of these days. Though, I have reachout but no response.
Revenue Comparative Analysis: Axelar and Flow
May 10, 2024 - 🚀 The dashboard highlight the dynamic growth and revenue potential of both Flow and Axelar, underscoring their significance in the blockchain ecosystem. Stay tuned for more updates and analyses! Special Credit and Acknowledgment to: @apostleoffinance for mentorship and Support (I looked into your dashboard and get some codes) @Ali3N ( Your dashboard was very helpful @feyikemi (Your dashboard was helpful too)
Zyberswap: Are Staking Activities Dead ?
Jun 16, 2024 - I took a look at the stake activities of @zyberswap on @arbitrum and I asked, are staking activities dead? Observation: Analyzing the trend, it's evident that the daily stake count has experienced a significant drop since March 22nd, 2023, following its peak. However, this year (2024) has been notably quiet, with no stake activities recorded. I'm uncertain whether this lack of activity is due to challenges in data updates from Flipside or internal factors within ZyberSwap. I'm committed to investigating further to uncover the underlying cause.Observation: Analyzing the trend, it's evident that the daily stake count has experienced a significant drop since March 22nd, 2023, following its peak. However, this year (2024) has been notably quiet, with no stake activities recorded. I'm uncertain whether this lack of activity is due to challenges in data updates from Flipside or internal factors within ZyberSwap. I'm committed to investigating further to uncover the underlying cause.Observation: Analyzing the trend, it's evident that the daily stake count has experienced a significant drop since March 22nd, 2023, following its peak. However, this year (2024) has been notably quiet, with no stake activities recorded. I'm uncertain whether this lack of activity is due to challenges in data updates from Flipside or internal factors within ZyberSwap. I'm committed to investigating further to uncover the underlying cause. Credit: @Hosein-maleki-9555, i found some idea in your dashboard that made me have a clear thought.
#Aptos on the Move with MoveGPT 🔥
May 21, 2024 - In less than 2 weeks since receiving the grant, we've seen a remarkable shift in user activities on the Aptos blockchain. MoveGPT's mission is to strategically incubate promising projects and inject more vibrancy into the Aptos ecosystem. They aim to become the premier native launchpad in the Aptos ecosystem, nurturing projects to meteoric heights! Credit: @cristinatinto I looked your dashboard to gain some insight before i proceed in building mine. Thank you
Solana: $DRIFT AIRDROP DAY 2
May 17, 2024 - I stumbled an airdrop post drift protocol on Solana. So I decided to look inward so see what happened today (Less than 2 hours). I found some fascinating statistics: total $Drift Claimed – 554.4k No of Claimers – 447 Credit to @marqu, i looked into your dashboard before creating my own. Thank you
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
Arbitrum NFT Sales May: Other Platforms Dead in the Hands of OpenSea
Jun 8, 2024 - Arbitrum saw a massive surge in NFT sales in Week 3, solidifying its position as a key player in the NFT market. But the real story lies in how OpenSea is outperforming other platforms. Let’s dive
📊 Exploring the Hottest Tokens on Avalanche: Q1 Transaction Analysis
May 8, 2024 - 📊 Exploring the Hottest Tokens on Avalanche: Q1 Transaction Analysis 🔥 Discovering the Top Tokens: WAVAX leads the pack with a commanding 35% share of transactions. Following closely behind is USDt, accounting for 21% of transactions. USD//C commands a substantial 19% share, emphasizing its importance in the ecosystem. Please your support by Like, share and comment.
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.
NEAR: MoM Fee-base Revenue Analysis
May 11, 2024 - Here you will gain insights into NEAR's fee-based revenue trends over the past two months. Track revenue growth, average daily revenue, and transaction insights to understand the dynamics of decentralized finance on NEAR Protocol. 📈 Revenue Performance: Track the fee-based revenue over the past two months and witness the evolving financial landscape of NEAR. From April's robust $1.1 million to May's $948.7k, uncover the stories behind the numbers and chart the path to success. 🔄 Revenue Growth Analysis: Explore the percentage growth from March to April, shedding light on the changing dynamics of revenue generation on NEAR. Despite a 31.4% dip, discover the resilience and potential for future growth. 💰 Average Daily Revenue: Understand the daily revenue trends with an average of $8.5, providing insights into the consistent flow of value within the NEAR ecosystem. Witness the steady heartbeat of decentralized finance in action. Credit: Special thanks to @apostleoffinance for the exposure @feyikemi - Your dashboard gave me insight
Cellana Finance: Gas Fee Analysis
May 22, 2024 - I dove into the gas fees on Cellana Finance over the last 30 days and found some fascinating insights. After March 25th, there was a staggering movement in fees. My dashboard (link) reveals the full details. Cellana Finance recorded its highest transaction count at 3.19k. The total gas used was notably high at 178.7M, which helps prevent network resource abuse and effectively allocates network resources.
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: CEX DRIFT
May 30, 2024 - From my analysis, I found that; Bybit's Popularity: The high number of unique users suggests Bybit is a popular choice among traders on Avalanche, possibly due to its user-friendly interface or specific trading incentives. Binance's Influence: The massive transaction volume highlights Binance's crucial position in the crypto market, driving significant liquidity and activity on Avalanche. Cumberland's Strength: Cumberland's high average transaction value points to larger, more significant trades, potentially from institutional investors or high-net-worth individuals. Credit: Credit to @rez92, at a point, i got confuse. I decided to look into this dashboard for some insight
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
Hottest Dex on Avalanche in May
May 30, 2024 - I studied the activity size of different DEXs on Avalanche in May. Trader Joe was the top-performing DEX by a huge margin. For example, Trader Joe had 370,462 transactions with 52,438 unique users, while Benqi Finance, the second highest, had only 14,855 transactions with 3,167 unique users. What makes Trader Joe unique? Here’s what I found: Trader Joe uses the Liquidity Book model, an improved version of the traditional AMM model. Instead of the x*y=k model, the Liquidity Book employs a "bin" system, allowing liquidity providers to concentrate funds within specific price ranges. Trader Joe's advanced technology and strategic innovations have made it a leader in the DEX space on Avalanche. Please like, share and comment. Credit: @rez92 I looked into your dashboard.
Trader Joe's June Swap Volume May Stagger
Jun 2, 2024 - Trader Joe being the Leading DEX on Avalanche @avax of $115.3m Swap Volume in May alone may stagger into a few days in June. Why? Because both daily number of traders and swap volumes have already begun to stagger since May 22nd. Credit: @mondov and @yasmin-n-d-r-h i viewed your dasnboards.
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 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!"