What is Osmosis?

Osmosis is a protocol for automated market makers (AMMs) that enables programmers to design custom AMMs with sovereign liquidity pools. Inter-Blockchain Communication (IBC) is used by Osmosis, a platform created with the Cosmos SDK, to enable cross-chain transactions. In other words, Osmosis is a decentralized exchange created especially for Cosmos with the objective of eventually expanding to other blockchains.

Methodology

We will use data from the following tables

• osmosis.core.fact_swaps
• osmosis.core.fact_transfers
• osmosis.core.dim_prices,
• osmosis.core.dim_labels and also
• ethereum.core.fact_hourly_token_prices (for token prices)

SQL created by Ali3N . Thank him for his work.

Swaps on Osmosis

• From the above chart, we can see that there was a noticeable increase in exchange activity on Osmosis during and after the FTX and Alameda Collapse.
• Prior to November 8th, we could almost always see a steady number and volume of swaps and swappers on Osmosis, but suddenly, on November 8th, we could see a high increasing number and volume of swaps on this DEX especially in Volume where we have seen almost 3x more volume compared to the days prior to collapse.

The charts show that the share of swap transactions with less than $10 volume is falling over time, particularly during the FTX and Alameda crash, while the share of transactions with more above $1000 volume is rising.

Transfers from/to Osmosis

On the above table, we can see that the number and volume of transfers to Osmosis increased significantly during the FTX and Alameda collapses.

On Nov 8, the day that rumors about FTX liquidity crunch started, we can see the increase in term of volume to Osmosis from 0.9M to over 3M, the share of incoming amount also increased to 55.7%, nearly x2 than the previous day

• The good news for the Osmosis chain is that the volume and, in particular, the number of bridges to the chain via Axelar's Satellite, both surged dramatically during and after the collapse of FTX and Alameda.

• According to the charts, during the FTX and Alameda collapse, the wallet address axelar1565t6hv8tvkk2e39rs9m05034uuue8q3s5qf8m did the most transfers into the Osmosis via Axelar satellite bridge, whereas the wallet address axelar1y7087ld7nc6259f9dx2h0wru93p7jejw

In terms of volume, the wallet address stars1u75hcvzppcdw0przk4ak8a9zm460n37k67pr6q from the Stargaze chain has flowed the highest volume of money to the Osmosis.

However, there no direct transfer from any centralized exchanges among top 10 wallets per day. Therefore, these transfers only come from decentralized wallets from individuals

Conclusions

• When compared to the weeks and months prior to the FTX & Alameda collapse, the quantity and volume of exchange activities on Osmosis dramatically increased during and after that event.Additionally, there were more swap transactions during the crash than there were earlier.

• In comparison to the weeks and months prior to the FTX & Alameda collapse, there has been an increase in the number of swaps to stablecoins, indicating that users are switching from non-stablecoin assets to safer ones in an effort to limit further financial losses as a result of the market price crash.

• The amount of incoming money to the Osmosis has significantly increased during and after the collapse of FTX and Alameda, and it continues to increase over time.

• As FTX & Alameda collapsed, so did the volume and, more importantly, the number of bridges connecting other chains to the Osmosis chain via Axelar's Satellite.

  The wallet address from the Bostrom chain with the highest incoming transfers to the Osmosis chain is bostrom1rl7lksuzayz5j0u0p35ezrw95czp3gyt4emcwf.

  The Stargaze chain wallet address stars1u75hcvzppcdw0przk4ak8a9zm460n37k67pr6q has sent the most money to the Osmosis network.

Bridge transactions to Osmosis

Covered parts

In this dashboard, we will primarily concentrate on the effects of FTX and Alameda collapse over the course of the previous wild week on the Osmosis ecosystem in this dashboard.

We will walk through the following parts

1. Swaps on Osmosis
2. Transfers to Osmosis
3. Bridge transactions to Osmosis

The charts on the left indicates the number of swaps by type of token and the normalized number of swaps by type of token

As can be seen, we can see an growth of number of swaps on the first days after FTX started to collapse on Nov 8, Nov 9 and Nov 10. The number of swaps reached its highest level for the past 3 months and reached over 70K swaps

As for the percentage, we can see that the share of Swap to Stablecoins tokens increased from just 18% before FTX collapse to over 20% after FTX collapse events.

This means more users on Osmosis wanted to convert their tokens to stablecoins after FTX collapsed.

The charts on the right indicates the amount of swaps by type of token and the normalized amount of swaps by type of token

As can be seen, we can see an growth of amount of swaps on the first days after FTX started to collapse on Nov 8, Nov 9 and Nov 10 and most of these amount were “Swaps to Stablecoins”

As for the percentage, we can see that the share of amount tokens Swapped to Stablecoins tokens increased during the FTX incidents.

This means more users on Osmosis wanted to convert their tokens to stablecoins after FTX collapsed.