Wallet Balances & Ecosystem Growth
With the launch of Flipside's new Balances table, let's take a look at how the story of Osmosis can be told through wallet balances. Provide insights into following metrics: How has the ratio of liquid to staked OSMO changed overtime? Are the top 100 OSMO holders the same now as they were at the start of the year? What is the current average OSMO per wallet? How has that value changed over time? Plot average OSMO/wallet against user growth. Do wallets normally hold a majority of OSMO, or another token? How has this changed over time?
Introduction
What is the Osmosis?
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. In other words, Osmosis is a decentralized exchange designed particularly for Cosmos, with intention to spread to other blockchains in the future.
Methodology
Results
100 Top Wallets
Top Wallets Tokens
- Since Feb 7, we can see the ION token balance.
- On March8, we have about 289M ION token balance.
- Osmo token balance is more than other tokens in the charts.
- From March 5, the total balance is decreasing and the Osmo token balance is decreasing too.
- The Osmo token balance with about 2B USD balance decrease to under 0.5B USD balance.
- Osmo with 82% is the majority of tokens in the wallets and after Osmo we have ATOM and ION with 5.46%, 5.29% respectively.
Conclusion
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Total Number of Holders in Liquid is 62.6%( 374K Holders) and total number of Staked is 37.4%(224K Holders).
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Total Balance in Liquid is 74%( 384M Balance) and Total Balance of Staked is 26%(135M Balance).
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The ratio of liquid to stake OSMO is 2.86 in total.
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Liquid volume from July, there have been changes in the slope of the line.
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The staked volume, which had an upward trend with a gentle slope, reached its highest value of 178 on October 10, and then began a downward trend.
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Liquid-to-stick ratio has generally followed several trends:
- It has been decreasing until March.
- There has been an increase from March to May 20.
- Then there was a decrease from May to October 10, but sharp peaks of sudden increase can be seen in this period.
- Then it increases to a very high slope and the ratio reaches around 2.85.
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The highest ratio is 2.85, which happened on October 24.
And after that we see 2.62 which happened on May 6.
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Daily Osmo per wallet from the beginning of year has decreasing trend and the volume per wallet decrease about 68%.
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We have 407K wallet until October 25.
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The total balance is also increasing, but after June 30, its increasing trend changes.
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- We can see that the current balance of top 100 increase in the current compare to Jan1.
- Wallet balance of the first wallet(osmo2fl48vsn….), has had a continuous and uniform increase over time, so that at the end of the year, it increased by 2.9 times compared to the beginning of the year.
- Also second wallet increase the wallet balance 1.2 times.
- But the third account decrease the it wallet balance about 0.6 times.
- Total Number of Holders in Liquid is 62.6%( 374K Holders) and total number of Staked is 37.4%(224K Holders).
- The ratio of liquid to stake OSMO is 2.86 in total.
- The highest ratio is 2.85, which happened on October 24.
- Daily Osmo per wallet from the beginning of year has decreasing trend and the volume per wallet decrease about 68%.
- We have 407K wallet until October 25.
- Wallet balance of the first wallet(osmo2fl48vsn….), has had a continuous and uniform increase over time, so that at the end of the year, it increased by 2.9 times compared to the beginning of the year.
- Also second wallet increase the wallet balance 1.2 times.
- The Osmo token balance with about 2B USD balance decrease to under 0.5B USD balance.
- On March8, we have about 289M ION token balance.
- Osmo with 82% is the majority of tokens in the wallets