Daily Active User
What does a Daily Active User look like on Osmosis? First, plot out how many DAUs there are on Osmosis. For this exercise, consider a DAU would be any wallet transacting on Osmosis a majority of days every week. Once you have the DAUs, what does their activity look like? Do they LP more or swap more? How often do they transfer tokens into Osmosis? Where are these transfers coming from?
in this dashboard I search about the active user by the time I speak about the active user.
as you see in this part of the code I found the the wallet that at the min level have at least on transaction for each wallet and after this part I show the address of the wallet that near this act show the number of the transaction and near of that show the time of the transaction in that wallet as you see in the first of the chart shoe the wallet that have the low transaction because this code ordered by the time not by number of the transaction so when we reach to the end of the address we can see that number of the transaction increase or we can see this action in the middle and it show that just in the last week number of the transaction in the active wallet decrease .
and as you know because transaction number in the middle or in the end increase it show that active user in the first of the year have the most transaction.
and I want to add that in this part I name the active wallet for the wallet that have more than one transaction, after this part I change the idea.
so lets continue.
in this part I choose the wallet that have the transaction in each week it mean that active user is the wallet that have at least one transaction in each week.
as you know this definition is more acceptable and the previous definition were not the good definition.
as you see and know the number of the active user in this part should decrease because of the definition, and you can see this action very easily.
as you see in the graph more than half of the active users have the large amount of the transaction and by total analysis we can see that the active user have the large amount of the transaction because at the min time the transaction number is about 10 transaction for each week and as you know this act is very good for the Osmo network and near this action you can see that the whale should be exist in this graph as you see there is 52.7 K and after these number over 46 K transaction by one user it can show that these two user can be the whale.
but as a total view we can see that more than half of them have the transaction in the middle range and just some user have the very large amount of the transaction and after this act at the end just low than 10 % of them have the min transaction and as I said before this low number of the transaction is more than 10 transaction for each week.
after this part I want to analysis the number of the transaction that about the LP and swap and compare these two.
in this part when I see that number of the transaction in the swap is too more than LP, decide that not show the all of them but show the half of them at least.
and as you see in the upper graph we can easily understand that swap transaction is very more that LP. because as you see the LPs max number is close to the 5K but as you see in the swap this number is more than 30 K.
so this action show that swap is too more than LP.
as you see in this part I prove that swap number is very more than LP. after this part I want to show that How often do they transfer tokens into Osmosis?
for find answer of these question follow me up to end.
as you see the number of the transaction that about the LP, in the Jun of the 2021 is in the large amount and after this date as you see in the upper graph decrease and after 6 Jul number of the transaction be stable by the low range and as you see this action is related to the 2021.
by the focus on the graph you can understand that by increase of the price of the BTC this number increase and after this act this number started to decrease by the time and as you see in the start of the 2022 this number reach to their min level.
we can see that LP is low that swap.
for the better analysis I want to analysis the swap transaction.
in this part I want to find the answer of the question that I said in the previous part.
as you see in the 12 Mar this number is reach to he max and as you see min of that is related to the 8 Jun and 2 day after that, as you see this amount is zero in that date.
for the better understanding I make the condition that show us after 2022 and as you see this number increase up to Feb and after that we can say that stay in the middle range.
at the final step I want to analysis about the token that come into Osmo.
conclusion
in this dashboard I analysis bout the active users, as you see in the first step I define the active user that user that have at least one transaction until now and as you see this definition not very true and after that step for the second part change the definition of the active user and change them to the user that have at least one transaction per week as you know this define can be true. and from this analysis I understand that:
- number of the user by change the definition decrease very large.
- in the second definition I see that half of the have the middle transaction and just some of the have the large amount of transaction per week and there number of transaction was very high that we can say the whale for them and just lower hat 10 % have the min number of transaction.
- min number of the transaction have at least 10 transaction per week and it show that definition is very true.
- number of the transaction in LP is related to the 2021 and after started the 2021 this number start to decrease up to start of the 2022.
- swap amount is too more than LP amount because at the worst range swap have over 30 K transaction but LP has just 5 K transaction.
- in the code of the transfer token to osmo we see that transaction number be at the same range but as you know in 12 Mar reach to there high and in 8 Jul reach to there low.
- at the end we see that half of the transaction is related to just 3 token.
thank you because of your attention.
as you see in this part I show the address that swap to the Osmo and as you see half of them is related to the 3 token and others related to the last.
for the better conclusion and understanding you can see this address and search them in the osmo explore in the google.
and as you see the order of the max token that come into osmo is about 20 % and this show that fifth of the transfer related to the one token. and after this number second large number is close to the 19 % and after that about 14 % so we can say that most of the transfer is related to 3 token and I think osmo should pay attention to this tokens.
about Osmosis
The introduction of automated market makers (AMMs) ushered in a new era of crypto-economic utility and bonding curve applications. AMMs have become an essential element of DeFi infrastructure, and every new ecosystem must have an exchange with liquidity pools to support basic tokens swaps and the creation of supplementary financial products.
Osmosis is an AMM protocol created using the Cosmos SDK. The project was announced in October 2020 and launched on Jun. 19th, 2021. Its core developers include Sunny Aggarwal, Josh Lee, and Dev Ojha. Osmosis' vision is that rather than aiming for a one-size-fits-all strategy for AMMs and their liquidity pools, it could provide a sandbox for AMM development. The protocol enables developers to iterate on new, customized AMM designs by using the existing liquidity pools and modules already running on the network. It also features an on-chain governance system that allows each AMM pool's stakeholders (i.e. liquidity providers) to control and direct their pools.
Osmosis is currently the most dominant, accounting for roughly 40% of the total inter-blockchain transfers on Cosmos. IBC compatible blockchains (such as Cosmos, Regen, Akash, and more) can be seamlessly swapped on Osmosis, with fees generally under $1.00.
To best understand the Osmosis value proposition, it’ll help to first explore the Cosmos ecosystem and some DeFi & DEX basics.
- Cosmos: Cosmos is an “Internet of Blockchains” network in which developers can build interoperable dApps. In the ideal Cosmos world, Ethereum apps will play nicely with Binance Smart Chain apps, and so on. But for now, projects that adhere to the IBC (below) will be able to seamlessly communicate with each other and send tokens for minimal transaction fees.
- The __IBC __is a protocol that relays messages between various independent distributed ledgers. It was initially created to connect Tendermint‐based blockchains.
- TC is a Byzantine-Fault Tolerant engine for building blockchains. It allows developers to write their applications in any language, and then replicate the app globally. There is no need to wait for transaction confirmations; a transaction is immediately finalized once included in a block.
- Automated Market Maker (AMM): This popular DEX protocol relies on algorithms to price cryptocurrency assets in liquidity pools, filling the role of a centralized market maker in an order-book method platform.
Sovereignty and heterogeneity are two key pieces of the Cosmos (and Osmosis) mission, and you’ll see them echoed in almost every feature.
Technically speaking, Osmosis is a proof-of-stake blockchain with a decentralized exchange application, specifically designed for IBC
Cross-Chain Native
Osmosis is designed to be cross-chain native, and like many Cosmos projects, it’s built to be IBC compatible at its foundation.
Osmosis plans to branch out to non-IBC enabled chains, such as Ethereum-based ERC20s (via the Althea gravity bridge), Bitcoin-like chains, and alternative smart contracting platforms (via custom pegs.)
Sovereignty and Unified Incentivization
Sovereignty is a big deal for the Cosmos folks. Osmosis derives its sovereignty from its architecture, as well as from the collective sovereignty of liquidity providers –each LP is incentivized to simultaneously maintain their autonomy and provide liquidity by different mechanisms.
Osmosis is unique within the Cosmos ecosystem (and other DEXes) because it aligns liquidity providers, DAO members, and delegator interests with a variety of incentives. For one, staked liquidity providers have sovereign ownership over their pools, and they can adjust parameters based on market conditions and how competitive the pool is among others. Nothing in the AMM is hard-coded– LP providers can vote to change any pool parameter, such as swap fees, token rates, reward incentives, and curve algorithms.
How to Use Osmosis
There are a few ways to use Osmosis, and it’s best to follow the money. There are three categories of fees on Osmosis:
- Anyone who transacts on the chain will pay transaction fees. These fees are variable and based on the storage and computation costs, and the minimum gas cost proposed. These fees are distributed to OSMO stakers and validator operators.
- Anyone who swaps assets on the DEX will pay swap fees, which are determined by each liquidity pool’s parameters and trade size. These fees are distributed pro-rata to that pool’s liquidity providers.
- Liquidity providers who pull their liquidity out of a pool will pay exit fees. The LP shares are then burned, and the value is distributed to the remaining liquidity providers.
So, anyone can use the Osmosis DEX functionality to swap IBC-compatible tokens like ATOM, ION, AKT, LUNA, and other compatible chains like CRO.
