Try Quests to earn cryptoOsmosis Stablecoin dominance & Stableswap^
OPEN OSMOSIS BOUNTY
WHAT IS OSMOSIS
It is a DEX protocol, which means it uses smart contracts to determine the price of digital assets, to produce liquidity via a peer-to-peer (P2P) methodology, and to exact trades between users. This approach to an exchange platform is known as an AMM — a DEX protocol that prices crypto assets in liquidity pools.
WHAT IS OSMO?
OSMO is the native token of the Osmosis network. Primarily, OSMO is used for staking to invulnerable the Osmosis chain. As a PoS token, OSMO is inflationary. Over time, new tokens will be minted and entered into circulation. The most variety of OSMO tokens has been set at 1 billion and its present day whole furnish is 325,000,000.
IMPACT OF STABLECOIN LAUNCH ON USDT/USDC TOKEN PAIR
STABLECOIN PAIRS SWAP
SAME ASSET STABLECOIN PAIRS SWAP
SAME ASSET PAIRS SWAP
STABLESWAP
Osmosis has launched a new stablecoin trading exchange, known as a stableswap, for the Cosmos ecosystem. With this launch, Osmosis developers hope to become the main venue where Cosmos users can access and trade a wider range of stablecoins, both centralized and ones backed with crypto tokens. If successful, it could become the Cosmos-equivalent to Ethereum's main stablecoin exchange curve.
December 8. Cosmos' biggest DEX Osmosis launches a stableswap, which let merchants swap giant quantities of stablecoins with minimal rate influenceleveraging "curve algorithm". \n \n The algorithm can be observed nearer by way of clicking on the hyperlink to the github. \n \n Examples of this would be stablecoin pairs like DAI/USDC or extraordinary representations of the identical asset like axlWETH/grav.WETH or ATOM/stATOM. In these cases, the belongings in the pair are predicted to alternate very intently in a 1:1 ratio. While this is happening, the charge affect and slippage of trades passing via this pool will be minimal, permitting merchants to cross between property at a decreasecost. \n \n In theory, minimal slippage anddecrease swap expenses ought to grant enormous quantity through some of these pools, developing earnings possibilities for "stable" asset holders.
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ANALYSIS
If we seem to be at the photo as a whole, then there is no as an alternative robust flash in the metrics after the launch of the secure swap. Let's seem to be at the number, extent of swaps and the wide variety of special swappers in the context of stablecoin pairs \n \n The biggest range and extent of swaps for the pair DAI/USDС, alternatively it would not seem like stableswap launch honestly impacted on this pair \n \n Stablecoin pairs the variety of swaps of which improved after the launch: USDT.grv/USDC.grv, USDC.grv/USDT, USDT.grv/USDC, the most have an effect on of stableswap launch seen for USDT/USDC pair \n \n Stablecoin pairs swap quantity of which extended after the launch: USDC/BUSD, USDC.grv/USDT, the most have an impact on for USDT/USDC pair \n \n An enlarge in the quantity of special swappers is located for two \n
METHOD
Stablecoins act like on-chain shelters when we compared it to other risky & uncertain assets that capture most of the value on blockchains. Although their price can be pegged to that of any asset, the USD is by far the most favourite
In this dashboard we'll take a look at the stablecoin dominance in Osmosis
I determined to analyze whether or not this exchange clearly affected the swap extent of stablecoin pairs and equal asset pairs or not. \n \n FOR STABLESWAPS I have divided the evaluation into three sections: stablecoins swap, identical asset token pairs swap and equal asset swap (excluding stablecoins)
I have usedosmosis.core.dim_prices table of Flipsidecrypto
ANALYSIS
When we observe the charts we can see no major trends in the swap volume of stablecoins after launch of stableswap . Number of transactions of swaps has increased in stablecoins of Osmosis in late December 2022 & early January 2023. but nothing major which we can relate to launch of stableswap . number of swapper also doesn’t show any remarkable change .
ANALYSIS
If we look at the complete data from these charts we can easily say that launch of stableswap has not impacted the swap volume , swap count & unique swappers in context of stablecoin The number, volume of swaps and the number of unique swappers in the context of stablecoin pairs states Stablecoin pairs swap volume has increased after the launch. USDC/BUSD, USDC.grv/USDT & many new pairs are visible , the most impacted was for DAI/USDC, DAI /USDT , USDT/USDC pair . Many other is seen undergoing changes . Number of unique swapper , swaps count & swap volume has increased for some pairs after the launch of stablecoins stableswap .
ANALYSIS
We have analysed only for same asset USDC.grv /USDC, DAI.grv/DAI ,USDT.grv/USDT & for better understanding of data ,others are removed from analysis . We can feel the impact on the swappers count on the basis of same asset after launch of stableswap . We can see a bullish trend .Number of swaps count & swap volume all are seen increasing . in new year also the trend is same for stablecoin pairs .
ANALYSIS
On the basis of same asset pair swap we can see a noticeable difference in ATOM/stATOM& stOSMO/OSMO . Both these pairs are showing increasing trends in terms of volume . though swaps & swappers count has not increased much, after the launch of stableswaps . number of stablecoin. Pair of unique swapper has increased in November . number of swaps were highest just after FTX collapse . Swap volume of stablecoin pair has increased after launch of stablcoins .
ANALYSIS
On Osmosis, there are pools with USDC, DAI and USDT. When we analyse volume of these stable coin we can see USDC as the favourite with more than 580m volume followed by DAI stablecoin followed by Tether USD, WITH 8.6M VOLUME ONLY . CUMULATIVE COUNT OF TRANSACTIONS ARE ALSO SEEN HIGHEST IN USDC WITH MORE THAN 148K NUMBER, DAI HAS ONLY 6565 TRANSACTION FOLLOWED BY TETHER USD AS 2152 COUNT TRANSACTIONS . Daily transactions are also low for DAI highest being for USDC . Cumulative transaction is also high for USDC proving that from all aspects USDC is the clear winner . Number of users are also VERY high for USDC WITH NO COMPARISON WITH DAI & TETHER USD .We can see that USDC is the most dominant coin on almost all time periods.
We are looking for the stablecoin dominance on the Osmosis platform. We first compare the transaction volume and the total transaction share of each coin and then we will look at their dominance over time. USDC is the most favorable stablecoin on the Osmosis platform. Over 90% of the transaction volumes among USDC, Tether USD and DAI belong to USDC.
STABLECOIN
Stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities, or another cryptocurrency
.Osmosis has opened its doors to stablecoins coming from other chains. USDC, USDT and DAI represent the most popular ones and pools with OSMO have been seeded and incentivised
CONCLUSION
On Osmosis, there are pools with USDC, DAI and USDT. When we analyse volume of these stable coin we can see USDC as the favourite with more than 580m volume followed by DAI stablecoin followed by Tether USD, WITH 8.6M VOLUME ONLY . CUMULATIVE COUNT OF TRANSACTIONS ARE ALSO SEEN HIGHEST IN USDC WITH MORE THAN 148K NUMBER, DAI HAS ONLY 6565 TRANSACTION FOLLOWED BY TETHER USD AS 2152 COUNT TRANSACTIONS . Daily transactions are also low for DAI highest being for USDC . Cumulative transaction is also high for USDC proving that from all aspects USDC is the clear winner . Number of users are also VERY high for USDC WITH NO COMPARISON WITH DAI & TETHER USD .We can see that USDC is the most dominant coin on almost all time periods.
On December 8, Osmosis AMM launched Stableswap for stable asset pools. This allows Osmosis users to create liquid pools with properties that closely match the value. This also applies to other representations of the same asset such as stablecoins. Since the stock swap has been around for over a month I decided to analyze the impact on the swap. Summarizing all the observations the following main points can be distinguished: The largest impact of the stock swap is observed for USDT/USDC USDC.grv/USDC and stOSMO/OSMO pairs. Positive changes can also be seen in the next pair. USDT.grv/ USDC.grv USDC.grv /USDT New token pairs created since launch USDT.grv/USDC. For example DAI/BUSD BUSD/USDT USDC/BUSD DAI/USDTS .
Overall we can see positive impact of Stableswap launch.