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Analyze deposits and withdrawals into BendDAO over the past month
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BendDAO is the first NFT liquidity protocol supporting instant NFT-backed loans, Collateral Listing, and NFT Down Payment. The seamless experience of down payment, borrowing, and listing creates a perfect closed loop for users, a one-stop NFT liquidity solution.
In this analysis, I will examine deposits and withdrawals in BendDAO. Here I have checked the amount of ETH coming in and out of BendDAO:WETHGateway. In addition to the volume of ETH, the number of deposit transactions, the number of withdraw transactions, the number of depositors, and the number of withdrawers are calculated in general and daily. In addition, Deposit Amount Distribution, Withdrawal Amount Distribution and the top 10 depositors and withdrawers are also shown.
Note: All results are for the last 30 days.
The charts below show daily trades. As we can see, the number of transactions is very low except for days 20 to 24 when there is a jump. Almost most of the transactions were done in these 5 days. On August 21, when the largest number of transactions were made, the number of withdrawal transactions was more than the deposit, but from 23 to 26, this trend was reversed and the number of deposit transactions was ahead.
In the graph of the volume of deposits and withdrawals, we can see that the difference between the volume of deposits and withdrawals is very large on August 20 and 21. On the 20th and 21st, approximately 145.6K ETH equivalent to 233.5M USD and 112.2k ETH equivalent to 179M USD were deposited, respectively, while approximately 630K ETH equivalent to 1.03B USD and 659.4K ETH equivalent to approximately 1.05B USD were withdrawn on these two days. This extreme difference between the volume of deposits and withdrawals has become a negative total volume in this 30 days.
The difference between the total volume of deposits and withdrawals can be clearly seen in the cumulative chart.
The scatter chart ahead, which is related to the volume distribution of withdrawals, has almost similar conditions to the deposits diagram, and the density of points is more than the range below 100ETH. 48.6% of the withdraw transactions (172 transactions) had an amount less than 10 ETH and 34.2% of the transactions (121 transactions) were between 10 and 100 ETH. Also, 49.4% of withdrawers (129 users) have withdrawn less than 10 ETH and 31.8% of withdrawers (83 users) have withdrawn between 10 and 100 ETH.
In the scatter chart ahead and the two charts below, the distribution of the volume of deposits is shown. As we can see, the density of points is much higher in the range below 100ETH. More precisely, 59.4% (236 transactions) of the deposit transactions were below 10ETH and 22.9% (91 transactions) of the transactions were between 10ETH and 100ETH. Also, 62.3% (187 users) of depositors have deposited less than 10 ETH in each transaction.
The charts below show the top 10 depositors and top 10 withdrawers. The wallet 0x4c06fe1d8289ec6237b2390fc78f99a3368047f1 with the volume of 11027ETH has made the largest amount of deposit, and the same wallet with 8347.8ETH withdraw is in the second category of top withdrawers.
The wallet 0xcde35b62c27d70b279cf7d0aa1212ffa9e938cef also has the largest withdrawal volume in these 30 days with approximately 10042 ETH, and this wallet also ranks third among top depositors with 10030 ETH deposit.
Conclusion
In general, the number of deposit and withdrawal transactions in BendDAO was not high in these 30 days, but on the 20th and 21st, there was a very significant jump in the volume of transactions, the number of transactions, the number of depositors and withdrawers. Also, most deposits and withdrawals have been made in volumes below 100ETH and especially below 10ETH.
The method of obtaining information is as follows. By checking the BendDAO: WETHGateway contract Address in the ethereum.core.fact_event_logs table, I came to the conclusion that the transactions that have sent ETH to the address 0x3b968d2d299b895a5fcf3bba7a64ad0f566e6f88 and event_name = 'Deposit' and origin_function_signature = '0x58c22be7' are Deposit transactions and the transactions from this have received ETH address and event_name = 'BalanceTransfer' and origin_function_signature = '0x36118b52' are withdraw transactions. By obtaining the transaction hash of each transaction and joining it with the ethereum.core.ez_eth_transfers table, I have gained access to information such as the volume of transactions, the number of transactions, the number of users, etc.
In general, in the last 30 days, 398 deposit transactions were made by 260 unique depositors and 353 withdrawal transactions were made by 219 unique withdrawers. The total amount of deposits made is 61.2K ETH equal to 101.7M USD and the total amount of withdrawals made is 67.4K ETH equal to 110.1M USD. This shows that the volume of withdrawal from deposit in these 30 days was almost 6.2 ETH equivalent to 8.4M USD more.