==Introduction==

Osmosis is a network, developed through the Cosmos SDK (software development kit), using the infrastructure provided by this giant, which seeks to be a bridge between the different blockchains of this ecosystem. At the same time, Osmosis is an AMM, or in simpler words, a decentralized exchange, in which we can exchange coins from the networks to which it connects.

This project was born with the idea of being an AMM within Cosmos, but ended up using the SDK provided by this network ecosystem. Ultimately, Osmosis ended up assembling its own blockchain on top of this structure. Being a blockchain within Cosmos, we know that its consensus is Proof of Stake. Consequently, those who validate the transactions and create the blocks of the network are precisely the validators. Then we find the average users, who can delegate or stake their tokens with the validators in exchange for a juicy reward. Although Osmosis uses the Tendermint consensus, like Terra, Secret or Cosmos, it has applied differential criteria.

==Methods==

In this analysis we will focus on Osmosis. More specifically, we will analyze the following data:

• Liquid ans staked amount over time
• Distribution of liquid and staked amount over time
• Total liquid and stake ratio
• Osmo price vs liquid/stake ratio
• Top 100 Osmo staked holders
• Top 100 Osmo liquid holders
• Previous top 100 Osmo staked holders
• Previous top 100 Osmo liquid holders
• Osmo users growth
• Average Osmo per wallet
• Holders tokens by day
• Distribution of holders tokens by day

In the first graph we have analyzed the liquid and staked amount over time. We can clearly see that there is an uptrend in both cases. It started to grow more at the end of June. We can also see that there is a higher liquid amount. Currently, it reaches an amount of around 380M liquid. While there is about 140M staked amount. In the second graph we can see the distribution of liquid and staked amount over time. We can see that since mid-October, the liquid amount is catching up with the staked amount. They represent 73% and 26% respectively.

In the third graph we can see the total liquid and stake ratio. We can see that at the end of August there is an important growth of liquid. There are some specific peaks. We see that there was an upward trend, then it went down again, and finally, we see the big peak that represents that the liquid has increased. Finally, in the last graph we can see the Osmo price vs liquid/stake ratio. We can see that when the price goes down, the liquid and the stake start to rise progressively.

In the first graph we can see the top 100 OSMO staked holders. We can see that there are a few users with more than 2M staking. More than a quarter of users have 500k Osmo staked. In the second graph we have analyzed the top 100 OSMO liquid holders. We see that, compared to the other chart, the values are a bit lower. Even so, we see that there are two that stand out radically. One reaching more than 200M Osmo liquid and the other with more than 50M.

In the third graph we have analyzed the previous top 100 Osmo staked holders. We can see that at the beginning of the year the values are lower with respect to the staking. Only 3 users stand out, two of them with more than 6M Osmo staked. Finally, in the last graph we can see the previous top 100 Osmo liquid holders. We can also see that at the beginning of the year the values were much lower than the current ones. 4 users stand out, the first one reaching almost 80M Osmo liquid.

In the first graph we can see the growth of Osmo users. We can see that it has increased dramatically. The heaviest increase was in mid-December, where there were 28k users and now there are approximately 400k. In the second graph we can see the average Osmo per wallet. On the other hand, we can see that it has been decreasing. It has always had a downward trend, although in January there was the heaviest drop. Today, there is an average per wallet of approximately 850.

The following two graphs show the hoplders tokens and their distribution by day. We can clearly see that of all the coins, almost all of them are Osmo. Approximately 80% of the coins are Osmo.

==Key insight==

• In the liquid ans staked amount over time, there is an uptrend in both cases. There is a higher liquid amount.
• In distribution of liquid and staked amount over time, since mid-October, the liquid amount is catching up with the staked amount. They represent 73% and 26% respectively.
• In the total liquid and stake ratio, at the end of August there is an important growth of liquid.
• When the price goes down, the liquid and the stake start to rise progressively.
• In the top 100 Osmo staked holders, there are a few users with more than 2M staking.
• In the top 100 Osmo liquid holders, the values are a bit lower.
• In the previous top 100 Osmo staked holders, the values are lower with respect to the staking.
• In the previous top 100 Osmo liquid holders, the values were much lower than the current ones. 4 users stand out
• In the growth of Osmo users, it has increased dramatically.
• In the average Osmo per wallet, it has been descreasing, there is a downward trend.
• Approximately 80% of the coins are Osmo.