Introduction

• In this analysis, You will Read about Listing Osmo on Binance and its impact on the Osmo chain and token prices.
• On October 28th, 2022 Binance became the first CEX to list spot trading for $OSMO. Abruptly, OSMO price shot up around 32%. We want to know How did this news impacted trading on Osmosis.
• I Analyzed OSMO trading activity on October 28th and this past week vs. daily & weekly averages. Also, I examined the 60-days prior to the May Terra collapse to see how these events impacted and what are their differences.

Analyzed by Hess - Reading Time Almost 12 Min.

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• Besides the Osmo token, I examined other tokens to see whether the Binance listing impacted those tokens too or not. I filtered the top 5 hourly tokens based on transactions from and to. I can see that three other tokens Atom, USDC, and JKL swaps increased like Osmo. Users swapped their assets to Osmo and Atom. The trends of these tokens were similar to each other on October 28.

Trading Activities On October 24 and October 31

• So far, I analyzed the hourly trading activities on October 28. Now it’s time to compare trading activities on October 28 with other days before and after Binance Listing. The total number of swappers to and from Osmo was 2x higher than on normal days. After October 28, The total number of swappers from and to Osmo became like before October 28.

• I filtered the top 5 daily tokens that users swapped from and to. As you can see, The total daily number of swaps to Atom, Osmo, and USDC increased. Also, based on the total number of swaps from tokens, JKL became to top 5 tokens on October 28 while it wasn’t the top token before and after that.

Trading Activities During Luna Crash, Binance Listing, and normal days

• The average hourly number of swappers from and to Osmo before the Luna crash was higher than in other events. However, the Numbers were similar to the Binance listing. About 287 Users swapped to Osmo hourly before the Luna crash while 227 users swapped to Osmo when Binance listed Osmo. The interesting part is the number of swappers that swapped from Osmo. before Luna, about 600 users swapped from Osmo Hourly while when Binance listed Osmo the lowest average number of users swapped from Osmo.

Conclusion

• Listing a token by big DEXs have a huge impact on token price and trading activities. We have seen so many examples over the last two years. Binance is one the most popular DEX and when Osmo was Listed, So many users knew that the Osmo token will be increased rapidly. So they started to swap their assets with Osmo. Binance Listing was big for Osmo and had a huge impact but I think the impact wasn’t like The days before Luna crashed. That event had a bigger impact than Binance.

What is $Osmo?

The Osmo token (OSMO) is a governance token that allows token holders to decide on the Osmosis protocol's strategic direction and future modifications.

What is Binance?

Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of the daily trading volume of cryptocurrencies.

A Summary of the Most Important Findings

• About 15K Unique users swapped to and from Osmo tokens in about 40K transactions on October 28. Swappers swapped 23M US dollars with Osmo and swapped 13M US dollars from Osmo in one day.
• The hourly swap volume from and to Osmo was higher than the 60 days average moving.
• There were other tokens like Atom, USDC.Axl and JKL became trended on October 28 like the Osmo token.
• Based on Daily charts from October 24 and October 31, The Number of Swap transactions was 2x and Volume was 5x higher On October 28 than on normal days.
• During Luna Crash, All parameters were higher than the Binance listing.

Full Analysis

Hourly Trading Activities on October 28

• As you can see, When the Osmo price increased up to 33%, The total hourly number of swappers to and from Osmo increased too. Like the Price pattern, The number of swappers increased. The highest number of users swapped at 4 AM. When the average price of Osmo increased, The total number of swappers to Osmo was much higher than swappers from Osmo but after hours, The total number of swappers from Osmo increased and became higher than swappers to Osmo.

Overall, On October 28, 53.7% of transactions were swapped to Osmo and 46.3% of transactions were swapped from Osmo. The hourly shares show up to 67% of transactions were swapping to Osmo when Osmo's price increased but after hours, The shares of transactions to Osmo decreased to 50%.

• One of the parameters that increased 5x than normal days was swap volume from and to Osmo. Users swapped 23M US dollars to Osmo and swapped 13M US dollars from Osmo. The highest swap volume to Osmo happened when The Osmo price started to increase. In one hour, Users swapped 11M US dollars to Osmo. After hours, The swap Volume from Osmo increased however there weren’t any spikes.

The average swap volume to Osmo was 1M US dollars and the average swap volume from Osmo was 558K US dollars on October 28. Almost the Swap volume to Osmo was 2x higher than the swap Volume from Osmo. Both decreased after hours and backed to normal hours.

• As you can see, The hourly swap volume from and to Osmo on October 28 was higher than the 60 days average moving. These charts prove that the Binance listing had a huge impact on Osmo token and Osmosis chain.

• Overall, The total number of transactions from and To Osmo were similar to each other. Even, The daily shares of swaps transactions were equal. You can understand now how Binance Listing impacted trading activities.

• The total swap volume to Osmo was up to 10x higher than on October 28 in comparison to the days before and after that. This chart show perfectly the impact of Binance and news on Osmo tokens. From 1-2M US dollars swaps to Osmo increased up to 13M US dollars. After that day, The total swap volume to and from Osmo decreased. The total swap volume to the Osmo token in 8 days was 43M US dollars. About 25-30% of that volume swapped in one day.

• Like other parameters, The average swap volume from and to Osmo increased. The average swap volume to Osmo was 150-200 US dollars but on October 28 increased up to 1K US dollars. Also, The average swap volume from Osmo was 100-150 US dollars but on October 28 increased to 700 US dollars.

• As you can see, The swap volume from Osmo was higher than the 60 days average moving. Also, The swap volume to Osmo was higher than too. However, After October 28, The swap volume to Osmo became like the 60 days average moving.

• The average swap volume from and to Osmo before the Luna crash was higher than any other event. The average swap volume from and to Osmo when Binance listed Osmo was lower than normal days. You should know that the average number of swappers on October 28 was much higher than on normal days.

• Before the Luna and UST crash, The 60-day average moving was higher than the daily swap volume from and to Osmo. Only on May 8 and 9, When Luna crashed, The swap volume increase and had a huge difference with the 60-day average moving.

THANK YOU FOR READING!

ALL CODES AND CONTENTS WERE WRITTEN BY HESS.

:bird: Twitter: @hessaminanloo

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:calendar: Analyze Date: 2022/NOV/02