Try Quests to earn cryptoINTRODUCTION
dydx is a governance commemorative that allows the dYdX Protocol's community to truly own & govern the dYdX Layer 2 protocol. By enabling participated control, dydx aligns impulses between dealers, liquidity providers, and mates of the Subcaste 2 protocol. dydx enables a robust ecosystem around governance, prices, and staking – each designed to drive unborn growth & decentralization of the dYdX Layer 2 protocol.
ANALYSIS
In the last 120 days we can observe transactions count has seen major ups & downs several times On 2nd November, the number of transaction was almost double the value of 7 day moving average . After FTX collapse ,on November 8, we can see the number of transactions increased & reached its highest on November 13th ,with 2906 transactions in a single day . Total transaction count being more than 70k . During last 120 days more than 34K unique wallets interacting with DYDX . Maximum daily users ,1152 , are seen. on 13th November . the graph is bullish in january 2023 .Maximum new users, 711 in count was observed on 13th November . 80% of the transactions were transfers & delegation transfers & delegation were almost equal in number more than 40 % each type. We can analyse the change in increase in price with an increase in transaction DYDX HAS ALWAYS BEEN ON TOP IN TERMS OF TOKEN PRICE OF DEX . THE PRICE OF DYDX WAS $1.52 ON NOVEMBER WHICH SPIKED TO $2,46 ON NOVEMBER 15 .On September 30th, the median price was highest.
QUESTION
DYDX holders are bracing for a massive event next month, as 105% of the circulating supply will be distributed to investors and team members.
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Have holders begun preparing for this massive unlock? If so, what actions are they taking to prepare? How do you expect the market to react in the weeks leading up to and following the unlock? Back up your assertions with data
TOTAL FEES & AVERAGE FEES
SWAP
COMPARISON OF SWAP FROM DYDX & SWAP TO DYDX
ANALYSIS
THE DATA FOR DEX SWAP ACTIVITY INDICATES AN INCREASE IN AVTIVITIES IN NOVEMBER . WE CAN SEE MAJORITY OF SWAPPERS SWAPPIMG ON UNISWAP, SHOWING IT IS MOST FAMOUS AMONG ALL . DXDY TOKENS HOLDERS ARE ALSO LOOKING TO UNISWAP-V3 , TO TRADE THEIR TOKENS WITH .
WE CAN SEE HIGHEST SWAPS VOLUME OF UNISWAP-V3 WITH 94.9 % SHARE .FOLLOWED BY SUSHISWAP 4.71% & UNISWAP -V2 WITH 0.345% HIGHEST NUMBER OF SWAPPERS ARE SEEN IN THE MONTH OF NOVEMBER 2022 , WITH ABOUT 400 SWAPPERS AT PRESENT THERE ARE LESS THAN 200 SWAPERS HIGHEST BEING ON JANUARY 20 ON 2023 . HIGHEST SWAP VOLUME WAS ON . THE INCREASE IN ALL TRADING ACTIVITIES PROVES THAT HOLDERS HAVE STARTED TAKING INITIATIVE FOR DXDY UNLOCK BY SWPPING THEIR TOKENS WHICH INTURN WILL BE FAVOURABLE & INCREASE THE PRICE RANGE & MAKE THE MARKET BULLISH FOR A SHORT PERIOD . WE CAN SEE MORE VOLUME OF SWAP ACTIVITIES IN JANUARY 2023 .
CONCLUSION
CONCLUSION
BASED ON THE ANALYSIS OF ABOVE DASHBOARD WE CAN SAY THAT AFTER THE MAY PRICE CRASH IN MAY & FTX COLLAPSE IN NOVEMBER THE DATA HERE ARE NOT SO PROMISING . THE MAJOR SWAPS ARE SEEN IN UNISWAP . THERE IS A VERY SLOW UPTREND SHOWING THAT HOLDERS HAVE STARTED TAKING PRECAUTIONS & ARE GETTING READY FOR THE UPCOMING DYDX UNLOCK
THE METRICS FOR SWAPS HAS INCREASED BUT THE NUMBER OF SWAPPERS & VALUE DOES NOT SHOW ANY CONSIDERABLE CHANGE . SWAPS TO DYDX , ALTHOUGH LOOKS FAVOURABLE , FROM HOLDERS POINT OF VIEW BUT THE VALUES ARE SIMILAR TO SWAPS FROM DATA’S SO NO MAJOR CHANGE .THE COUNT OF TRANSACTION ALSO DOESN’T SHOW ANY REMARKABLE CHANGE . TRANSFER TRANSACTIONS & VOLUME IS BULLISH .
ON THE BASIS OF USER ACTIVITY , NFT & DEFI HAVE ALL TRANSACTION WITHIN A RANGE OF 5 - 50 . FOR TOKENS, THE TRANSACTION ACTIVITY IS ABOUT 66% .> 1000 & 33% < 5 . FOR LAYER 2 ALL TRANSACTION ARE <5
FOR DEX , THE RANGE IS 49% BETWEEN 5-50 1.56 % BETWEEN 50-500 O.O4 % FOR A RANGE OF 500-1000 49% <5& .154% WITH>1000
FOR CEX THE RANGE IS 60% BETWEEN 5-50 ,20% BETWEEN 50-500 & 20% BETWEEN 500-1000
FOR DAPPS MORE THAN 58% BETWEEN 5-50 ,12% WITH RANGE OF 50-500 & 2% WITH 500-1000 23% < 5& 2 % >1000
What is DYDX currency and what's it for?
The motive for the great achievement of the dYdX trade is the DYDX foreign money and its beneficent rewards. Earning rewards from dYdX isn't always as tough as you think; It is sufficient to take part in its protocol. dYdX coins inventory pool Decentralized liquidity is the principle key to the achievement of the dYdX trade. Without the presence of coins buyers in a decentralized community, this community will now no longer be capable of reply to the trade`s wishes and compete with centralized exchanges.
To inspire buyers, DYDX rewards all people who buys DYDX foreign money via way of means of uploading USDC. 25 million DYDX tokens at the moment are to be had as a part of the praise for this investment, that's most effective 2.5% of the entire DYDX token reserve. After you input your preferred quantity in USDC into the protocol, you offer your capital to the pool and obtain USDC.
After that, you choose your tokens as energetic tokens to be brought to the pool's usable liquidity. From right here for your capital will begin incomes new DYDXs and you may percentage withinside the transaction fees. dYdX buying and selling bonus If you can't purchase dYdX stocks in coins, there may be some other manner to earn DYDX tokens. You can personal DYDX tokens via way of means of buying and selling on dYdX
DYDX controls price This segment might not without delay cause rewards, however it may in the end convey you such benefits. DYDX token is likewise used to manipulate fundamental protocol issues. In different words, through having this token, you may vote for the traits which are in the end to your desire and thereby take part in an oblique praise or save you the formation of traits that don't in shape your pursuits together along with
ANALYSIS
MAXIMUM NUMBER OF DYDX TRANSFERERS ARE SEEN IN THE MONTH OF SEPTEMBER WITH HIGHEST ON SEPTEMBER 8TH 2021, WITH 10.99K HOLDERS & AFTER THAT IN THE SAME MONTH THE GRAPH FALL DRASTICALLY THE NUMBER STARTED FALLING DOWN . CURRENTLY THE NUMBER OF TRANSFERERS ARE JUST 143 ON JANUARY 2023. WE CAN SEE A HIGHEST TRANSFER VOLUME 1.6B IN SEPTEMBER MONTH 2021. CURENTLY THE TRANSFER VOLUME IS 3.55M . HIGHEST NEW HOLDER WAS 10.89K ON SEPTEMBER 8TH 2021 ON 4TH SEPTEMBER 2021 THERE WAS A SUDDEN SURGE IN THE CUMULATIVE HOLDERS NUMBER FROM 18 TO 16.3K ON SEPTEMBER 8TH AFTER THIS DATE THE CUMULATIVE TRANSFERERS ARE MOVING VERY GRADUALLY BUT NEW HOLDERS ARE TRANSFERRING AT VERY SLOW PACE WITH VERY SMALL SPIKES & DIPS .ON JUNE 5 THERE WERE ONLY 5 NEW HOLDERS .
ANALYSIS
THERE WAS A MARKET CRASH IN MAY & WITH PASSAGE OF TIME IT IS BELIEVED THAT MARKET WILL REVIVE AGAIN . THE PRICE OF DXDY IS SHOWING UOWARD TRENDS SINCE THEN . WE CAN SEE A REMARKABLE CHANGE IN THE MONTH OF OCTOBER . AS WE CAN SEE CHANGE IN NUMBER OF TRANSFER & ITS VOLUME .WHICH IS EVIDENT FROM THE FREQUENCY OF SPIKES DURING THAT MONTH & THE NUMBER OF NEW WALLETS CREATED .
THE CUMULATIVE VOLUME TRANSFERRING WAS MORE THAN 1.2B WITH HIGHEST VOLUME USDC TRANSFERS FOLLOWED BY WETH THEN DAI IN THE NEW YEAR 2023 .FROM DECEMBER 2022 DYDX BECAME 0 IT WAS 22.9M TILL 30TH NOVEMBER . FOR DYDX HIGHEST TRANSFER VOLUME IS VISIBLE ON 13TH DECEMBER 2022 WITH MORE THAN 34M VOLUME & AFTER THAT NO TRANSFERS SO NO TRANSFER VOLUME . FOR ALL TOKENS HIGHEST TRANSFERED VOLUME WAS MORE THAN 60M ON NOVEMBER AFTER FTX SCANDAL NUMBER OF TRANSFERERS ABOUT 500 ,WAS SEEN ON A SINGLE DAY . FOR DYDX TOKEN HIGHEST TRANSFERER COUNT WAS 65WHO WERE VISIBLE ON 13TH NOVEMBER 2022 WITH SECOND LARGEST 36 ON 14TH NOVEMBER . THERE WASA SINGLE TRANSFERER ON 13TH DECEMBER WHO TRANSFERRED 34M VOLUME INA SINGLE DAY . HIGHEST NUMBER OF TOKEN TRANSFER TOOK PLACE IN THE MONTH OF NOVEMBER 2022 FOR DYDX WITH 67 IN NUMBER & FOR OTHER TOKENS IT WAS MORE THAN 1200 LARGEST NUMBER WAS FOR USDC FOLLOWED BY WETH .. ON DECEMBER 7 THERE WAS JUST 1 DYDX TOKEN MOST INCOMING TRANSACTIONS TO DYDX ARE RELATED TO THE TRANSFER OF ASSETS .
ANALYSIS
SWAP FROM DYDX -
SWAP ACTIVITY FROM DYDX IS MORE IN DECEMBER BUT HIGHEST ON 11TH JANUARY WITH 1.34M SWAP VOLUME . HIGHEST TRANSACTIONS 160, FROM DYDX WAS ON 13TH NOVEMBER AFTER FTX COLLAPSE. NUMBER OF TRANSACTIONS FALL AFTER THAT PERIOD IN DECEMBER BUT IN JANUARY 2023 IT HAS AGAIN TAKEN A PICK , & TRANSACTION COUNT REACHED ABOUT 70 ON 14TH & 21ST JANUARY . NUMBER OF SWAPPERS ARE SEEN . INCREASING & SHOWING UPWARD TREND FROM NOVEMBER , TILL DECEMBER 18TH ON WHICH ONLY 1 TRANSACTION TOOK PLACE. , THE COUNT INCREASED THE VERY NEXT DAY . FROM THEN ONWARDS , NUMBER OF SWAPPERS ARE INCREASING & ARE MORE OR LESS CONSTANT WITH A LITTLE DEVIATION .IN JANUARY 2023 WE CAN SEEA RISE AGAIN ON 12TH SHOWING HOLDERS ARE GETTING READY FOR THE DYDX UNLOCK . THERE WERE ONLY 20 SWAPPERS IN THE THIRD WEEK OF JANUARY . SO SWAPS & SWAPPER DOES NOT SHOW ANY SIGNIFICANT CHANGE AS SUCH . THE AVERAGE ETH VOLUME MAJOR TREND IS BULLISH WAS HIGHEST ON JANUARY 11TH WITH 10.01K VOLUME.
ANALYSIS
SWAP TO DYDX
SWAP TO DYDX VOLUME HAS INCREASED IN NOVEMBER 2ND WEEK ,AFTER FTX COLLAPSE. THERE ARE MAJOR UPS & DOWNS ON SOME DAYS LIKE NOVEMBER 21& DECEMBER 13TH . IN DECEMBER END, THE ACTIVITIES WERE VERY LOW . IN JANUARY 2023, ON 11TH ,THE SWAP VOLUME WAS 255K & SINCE THEN THERE IS A LITTLE DEVIATION . THE NUMBER OF SWAP TRANSACTIONS WERE HIGHEST IN THE MONTH OF NOVEMBER . WITH A VERY SMALL PEAKS ON SOME DAYS IN THE BEGINNING OF NEW YEAR THE TRANSACTION COUNT WAS LOW BUT AT PRESENT IT HAS BECOME BULLISH . THE NUMBER OF SWAPPERS ARE SHOWING UPS & DOWNS GRADUALLY . FROM OCTOBER END THE SWAPPERS INCREASED & REACHED THE TOP ON 13TH NOVEMBER WITH 14 SWAPPERS .T HE SWAPPERS COUNT REACHED TO 1 ON DECEMBER 9TH . THERE WERE PEAKS ON SOME DAYS IN DECEMBER ALSO BUT IN JANUARY 2023 IT IS AN INCREASING TREND ONLY . DAILY AVERAGE VOLUME ETH WAS HIGHEST ON JANUARY 11TH WITH 11.1K WHICH IS A BULLISH TREND WHEN WE COMPARE FROM THE INITIAL PERIOD OF ANALYSIS .
ANALYSIS
DYDX TOP HOLDER HOLDS 112M & SECOND TOP HOLDS 90M FOLLOWED BY 15M & OTHER TWO WITH A RANGE OF 13M IN THE LAST 120 DAYS .
ON THE BASIS OF USER ACTIVITY , NFT & DEFI HAVE ALL TRANSACTION WITHIN A RANGE OF 5 - 50 . FOR TOKENS, THE TRANSACTION ACTIVITY IS ABOUT 66% .> 1000 & 33% < 5 . FOR LAYER 2 ALL TRANSACTION ARE <5
FOR DEX , THE RANGE IS 49% BETWEEN 5-50 1.56 % BETWEEN 50-500 O.O4 % FOR A RANGE OF 500-1000 49% <5& .154% WITH>1000
FOR CEX THE RANGE IS 60% BETWEEN 5-50 ,20% BETWEEN 50-500 & 20% BETWEEN 500-1000
FOR DAPPS MORE THAN 58% BETWEEN 5-50 ,12% WITH RANGE OF 50-500 & 2% WITH 500-1000 23% < 5& 2 % >1000