Open Analytics Bounty: Optimism (STG)(October 15)

    Open Analytics (OA) bounties are bounties without specific prompts, just a direction and a reward. It’s your chance to have your brain follow your heart — got a spark of interest, or a loose thread, or a weirdly-specific question gnawing at the back of your mind? Follow it as far as you can!

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    in this dashboard I want to analysis the STG and found the impact of them on the optimism network.

    in the first step as you see I found the top 50 token that have the most number of transaction on the optimism network, and as you see STG exist in this top 50.

    we can not say performance of STG is very well in this network but there is obvious that has impact on the optimism network.

    so for the better understanding this token lets analysis the other block and finding the impact of them in the optimism.

    in this step as you see I want to analysis the transaction number as you see transaction number is not very high but as you see in the 5 Aug transaction number increase very immediately.

    by compare this graph with the price of the token we can see that this two graph have not any relation with each other as you see in the first of the year price was in their max level and at the end was in their min level but as you see in this part all of the transaction number were in the same range and in the 5 Aug that transaction number was in the max level, price amount was in the min level.

    so we can say that this two graph have not any relation with each other.

    after this part I want to check the user number and compare it with the transaction number and price amount.

    in this part I show the graph of the price to compare this action with total number of transaction and at the same time analysis the impact of transaction, user and other thing on the price of the STG.

    as you see price of this, in the first of the year increase and after that start to decrease up to now, and I want to add that by low amount this price increase in the 19 Aug but as you see this amount is not as big as interesting.

    in the first step as you see after this part I want to analysis the transaction and price impact to each other.

    let check it.

    it is time to analysis the number of the user that add to the STG.

    as you see this graph again had no any relation with the price amount of the STG because as I said before, by compare this graph with the price of the token we can see that this two graph have not any relation with each other as you see in the first of the year price was in their max level and at the end was in their min level but as you see in this part all of the user number were in the same range and in the 5 Aug that user number was in the max level, price amount was in their min.

    but by attention to the transaction amount we see that this two graph had the most similarity two each other it mean that both of them increase at the same time and again decrease at the same time.

    by analysis the this three graph we see that none of the had relation with price, and after that I want to analysis the impact of STG on the optimism network.

    lets check this performance of the STG.

    in this part I want to check the amount of the fee that have impact on the optimist network or not.

    as you see fee amount of the optimism have the same range and STG fee started from 17 May. because optimism fee in the all time had the same range we can not say that STG have impact of the fee of the optimism , but we can say that optimism fee impact on the STG because if you attention to the 15 Jun - 21 Jul you can see that both of them at the same time had decrease in the fee amount in this time.

    and I want to add that fee amount have not any relation to the price and you can see it by low focus.

    so in this part we see that STG had no impact on the optimism. but optimism had impact on the STG.

    in this part I want to check the amount of the gas that have impact on the optimist network or not.

    like the previous part we see can see that both of the optimism and STGs gas had no any relation with the price.

    and as you see in this part both of the have no relation with each other, because by increasing one of them the other one decrease and opposed.

    after this part I want to analysis the mint and stake amount and found the impact of them to each other.

    in this part I try to analysis the mint of the STG and found the impact on them.

    by look at the upper graph you can see that in the total network number of the mint increase but in the STG we see that mint number is very low.

    and by attention to the graph we can say that there have not any relation with each other.

    and I want to add that again price of the STG had no similarity to the mint number. after this part in the final step I want to analysis the stake amount.

    conclusion

    in this dashboard I analysis the impact of the STG to the optimism and at first we found that price of the STG have impact on the transaction and user number or not and the result is :

    • STGs transaction is in the top 50 most transaction on optimism network.
    • price of the STG after first of the year started to the decrease up to now and in the end of the year(up to now) reach to the min level.
    • by analysis the transaction graph and compare it with price we see that this two have not any similarity two each other.
    • by analysis the user graph and compare it with price we see that this two have not any similarity two each other. but as you see in the result, transaction and user graph have look like each other.
    • in the analysis the fee amount, we see that optimism had impact on the STG but STG had no impact on the optimism network.
    • in the analysis the gas amount, we see that both of the optimism and STG had no any similarity with each other.
    • in the mint part again we see that STG and optimism had no impact to each other and again mint number had no impact from price.
    • number of the stake that related to the STG is close to zero, and again have no any relation with the optimism in the last graph.

    in the final step I want to analysis the stake amount .

    as you see number of the stake that related to the STG is close to zero and it is obvious that again have not similarity and impact on each other.

    What is Stargate Finance (STG) coin

    Stargate Finance Coin is a fully malleable liquidity protocol at the heart of Omnichain DeFi. With this project, users and dApps can access the protocol’s unified liquidity pools instantly, with guaranteed certainty. Users can also transfer their local assets across chains in liquidity pools.

    STG Coin is the native token of the Stargate Finance platform. Liquidity can be added to Stargate Finance’s Omnichain protocol. With each Stargate transaction, users receive stablecoin rewards, while liquidity providers can also collect LP tokens to receive Stargate Finance Coin rewards.The Stargate Finance Coin project allows users to transfer their assets from one blockchain to another blockchain at once. The objectives of the project include eliminating complex procedures such as locking up assets, minting, burning and recovering money.

    How to use STG coin?

    Stargate Finance Coin (STG) is built on the LayerZero protocol, which is at the core of multi-chain DeFi and allows funds to be transferred between multiple blockchains. Stargate Finance Coin is used to provide solutions to the “bridging trilemma” problem. Thanks to this project, users and dApps can access the protocol’s unified liquidity pools instantly, with guaranteed certainty. In addition, STG is also used to transfer local assets between chains.The founder and owner of the Stargate Finance Coin (STG) project is Liat Queen Sheba. According to other information obtained, there is an anonymous developer team behind the project. It is also known that Maki, one of the co-founders of SushiSwap, was assigned by the LayerZero team to oversee business development within Stargate Finance.The project aims to minimize and eliminate the complex procedures in the protocol, providing users with an advantage in terms of processing speed. Another advantage is staking. The longer users stake their STG coins, the more STG coins they will receive in return.

    According to experts, the biggest disadvantage of STG coin is that it can act separately from the market from time to time. Most of the time, this cryptocurrency, which moves in parallel with the market trends, sometimes moves separately from the market. This risk exists in this cryptocurrency as in many cryptocurrencies.

    How to buy STG coins?

    Stargate coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

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