Try Quests to earn cryptoDo Whales Have Diamond Hands?
In This analysis, You will read about the Swap behavior of OSMO whales that differ from everyday users. How does it differ?
Osmosis is an automated market maker (AMM) protocol that allows developers to create bespoke AMMs with sovereign liquidity pools. Osmosis, which was built with the Cosmos SDK, makes use of Inter-Blockchain Communication (IBC) to facilitate cross-chain transactions.
First, Let's Define Whales on Osmosis.
- Those Wallets that have more than 1M US dollars swap volume is Whale.
I used osmosis.core.fact_swaps table to find Swap activities. In order to find the token name, I joined my finding to osmosis.core.dim_labels table.
- Clearly, Whales Volume in Daily swaps is higher than normal users. The highest difference occurred on May 11th when whales swapped 131M dollars in comparison to normal users that swapped 27M dollars. I couldn't find a day that normal users swap volume higher than whales.
- The total number of swaps by normal users was higher than Whales. The total number of swaps by normal users is 4x higher than whales. The highest number of swaps by normal users and whales happened on May 12th. 68K swaps were recorded for normal users and 53K were recorded for whales.
Atom and Osmo are the most popular tokens for whales that used to swap from. 515M dollars Atom and 531M dollars used to swap from. The third one is LUM with 104K swaps and 162M dollars volume.
Atom and Osmo also are the most popular tokens for normal users. In 1M swaps Osmo was involved and in 548K Atom was involved. The third one is Juno with 223K swaps and 68M dollars volume.
In the below chart you can see the top tokens based on total swaps by users and whales.
Again Osmo and Atom are the most popular tokens for whales to buy. In volume, Atom is in the first place, and in the total number of swaps Osmo is in the First Place.
Also, Atom is the most popular token to swap to. Users buy Atom in 535K swaps with 298M dollars volume. Less Osmo Volume swapped to in comparison to swap from.
Based on the Total number of swaps to, We can see top tokens for users and whales.
Osmo and Atom are the most popular tokens for Whales and normal users based on the total number of swaps from and to and total volume from and to. These two tokens are common in two categories. But the next places are different. For example normal users like Juno but Whales like LUM.
Written by Hess
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