Try Quests to earn AXLDEX Change(Osmosis)
Methodology
In this dashboard, We are going to mainly focus on the impact of FTX and Alameda collapse during the past wild week on the Osmosis ecosystem.
For this, First I am going to split our timespan into 2 categories:
1- Before FTX & Alameda Collapse: Since 3 Months (90 Days) Ago Till Before 8th November 2022 (The date when cryptocurrency market has began to crash)
2- During and After FTX & Alameda Collapse: Since 8th November Till Today.
So, We are going to check swap and also transfer activity on Osmosis users during this timespan as well as analysing the incoming and outgoing transfers from Osmosis via Axelar’s Satellite Bridge.
Also, I am going to calculate the average daily values of transfers/swaps/bridges for the 2 mentioned timespans in order to get a more clear results for comparing data on these timespans. for this, I have excluded the current day’s date from the results since the data on today are not complete yet and it can give us incorrect average results.
So, As mentioned above, we are going to analyze data from 3 months (90 days) ago till today and we are only considering successful transactions
On October 28, due to Binance exchange's tweet about the listing of osmo, I had a good jump in the above charts on this day, which shows the volume, volume, swap, etc., but in the rest of the days before October 28, we have almost a constant trend in Charts Tweet link:
Before November 8th, and except for October 28th, we can see a constant number and volume of swaps and swappers in Osmosis, but on November 8th, we can see a big jump in the number and high volume of swaps in this DEX, especially the Volume that We have seen almost 3 times more volume than that. Days before the collapse
In the charts above, it can be seen that the daily average number and volume of exchange and exchange in osmosis during and after the collapse is much higher than before the collapse, especially the volume
At the time of the fall of FTX and Alameda, the share of swap transactions that have a volume of less than 10 dollars decreases, but instead, the share of transactions of more than 1000 dollars is increasing over time.
In the chart above, it can be seen that the share of transactions less than ten dollars before the fall of FTX and Alameda It is very high and more than 1 m, while after the fall of FTX and Alameda, it has decreased greatly and transactions of more than 100 dollars and 1000 dollars are increasing.
During a market crash, crypto activists sell their non-stablecoin holdings and switch them to safer assets, which has led to an increase in the exchange share of stablecoins during the FTX and Alameda crashes.
In the charts above, it is clear that the number and volume of exchanges to stablecoins increased slightly during and after the FTX and Alameda crashes compared to the months and weeks before that.
In fact, both the share of swaps to and from stablecoins has increased during the crash, but the share of TO swaps is higher.
The number and especially the volume of transfers to osmosis increased significantly during the collapse of FTX and Alameda.
For example, during the 11th and 12th of November, we can see that the share of incoming transfers to Osmosis is almost 2 times higher than the outgoing volume of this chain!
In the charts on the left, it can be seen that the number and volume of transfers to Osmosis increased during and after the FTX & Alameda news
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In the charts above, it can be seen that the number and especially the volume of transfers to Osmosis increased dramatically during the fall of FTX and Alameda.
For example, during the 11th and 12th of November, it can be seen that the share of incoming transfers to Osmosis is almost 2 times higher than the outgoing volume of this chain.
In the charts on the left, it can be seen that the number and volume of transfers to Osmosis increased during and after the FTX & Alameda news
.
Based on the above data, the wallet address ==bostrom1rl7lksuzayz5j0u0p35ezrw95czp3gyt4emcwf== from the Bostrom chain has by far performed the most number of incoming transfers to the Osmosis chain in all days.
But in terms of volume, the wallet address ==stars1u75hcvzppcdw0przk4ak8a9zm460n37k67pr6q== from the Stargaze chain has flowed the highest volume of money to the Osmosis.
In the above charts, it can be seen that the volume and especially the number of bridges to the osmosis chain through the Axelar satellite increased dramatically during and after the collapse of FTX and Alameda.
And based on the above charts, the wallet addresses ==axelar18ptp0ynw2e6ufg3x5llsfcaafyt5h9htjhk8du== has performed the most number of transfers into the Osmosis via Axelar satellite bridge during FTX & Alameda collapse but the wallet address ==axelar1y7087ld7nc6259f9dx2h0wru93p7jejw5dzzgs== has bridged the most volume.
overall Conclusion
As expected, the number and volume of trading activities on Osmosis during and after the collapse of FTX and Alameda increased dramatically compared to before the collapse of FTX and Alameda..
There has been increased exchange activity for stablecoins during and after the FTX and Alameda crashes due to crypto users fearing capital loss during the market crash..
During and after the collapse of FTX and Alameda, the number and especially the amount of money entering Osmosis has increased significantly
The volume and especially, the number of bridges from other chains to the Osmosis chain via Axelar's Satellite has also increased during and after FTX & Alameda collapse.
The wallet address ==bostrom1rl7lksuzayz5j0u0p35ezrw95czp3gyt4emcwf== from the Bostrom chain has by far performed the most number of incoming transfers to the Osmosis chain.
The wallet address ==stars1u75hcvzppcdw0przk4ak8a9zm460n37k67pr6q== from the Stargaze chain has flowed the highest volume of money to the Osmosis. the wallet addresses ==axelar18ptp0ynw2e6ufg3x5llsfcaafyt5h9htjhk8du== has performed the most number of transfers into the Osmosis via Axelar satellite bridge during FTX & Alameda collapse but the wallet address ==axelar1y7087ld7nc6259f9dx2h0wru93p7jejw5dzzgs== has bridged the most volume.
After the bankruptcy of a centralized and reliable exchange like FTX, users lose their trust in CEX because it seems that users are afraid of losing their assets completely due to the lack of transparency in their assets and wallet balance. And this age makes many users come to decentralized exchanges like Osmosis