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Introduction

Osmosis is a cross-chain AMM protocol built using the Cosmos Software Development Kit (Cosmos SDK). Developers can use this protocol to design, create and implement their own custom AMM.

Methodology

Using the osmosis.core.fact_msg_attributes table, the total number of STARS swap transactions and the total amount of STARS swaps were obtained daily. Fridays were designated as Mint Day. Then analysis was done on typing swaps.

Results

• Before and after Mint Day, there is no uniform trend in these 75 days.

• There are weeks when there is an upward trend in the total number of swaps after Mint Day, and there are also weeks when there is a downward trend. Regarding the number of swaps, there are 11 intervals before and after Fridays (Mint Day), of which 4 are up, 5 are down and 2 are almost neutral.

• Trends are more ambiguous about the amount of swaps and there are more fluctuations in the same 6-day intervals between Fridays. The remarkable thing is that after the market volatility started on May 7, the amount of swaps has grown significantly. In particular, in the first week of this new market situation, the number of STARS swaps has grown sixfold.

• The downward trend of Swap to STARS in this 75-day period is very clear. Of course, this downward trend in the last days of May has become a neutral trend.

• Swap from STARS trend is also downward, but its slope is lower. In the last days of May, an almost neutral trend can be seen here as well.

• In late May, the number of swaps to and swaps from approached equilibrium.

• In terms of swap amount, you can see more correlation between the two diagrams swap to and swap from. Both charts experienced an uptrend in May, following a downtrend in March and April.

• Growth of swaps from in May (which had an uptrend) is higher than swaps to.