Method

In the current dashboard I’m going to trace users who escaped from FTX/Alameda to find their interacted with dapps after escaping. I am trying to see drastic changes trading volume on dydx, gmx, and gns to show how people are exiting ftx and entering margin trading dapps. The data for this dashboard will come from the ethereum.core.ez_token_transfers, ethereum.core.dim_labels, in Flipsidecrypto’s database and filtered those by WHERE label iLIKE any ('%alameda%', 'ftx').

In the first section I evaluated the change marging trading in dydx, GMX and GNS, then in the next part tracked the escapers behaving from FTX in dydx , Uniswap and 1inch paltforms.

The 1inch can be changed to other platform by header tape if you would like to track other platform that is your desirable.

Question

Who's managing to escape from the FTX debacle mostly unscathed?

Create a single chart showing trading volume on dydx, gmx, and gns to show how people are exiting ftx and entering margin trading dapps.

Are they off-boarding through any other methods? Are any particular exchanges, chains, or dapps seeing large increases in new users or trading volume?

Note any trends or outliers you see.

New Users Over Time

• First and foremost lets take a look at number of new and unique users over time on the Dydx, GMX and GNS.
• On the first image we can see daily daily count of new users and on Nov 7th and 8th we have most new users coming to these platforms.
• The cumulative new user count shows us that GNS hasn’t received any new users after Nov 13th and from that point forward DYDX overcomes GMS on a noticeable scale.
• Over 56% of new users share belongs to DYDX.
• The unique user count tells us that in order first DYDX then GMX and lastly GNS has the most number of unique users, just to mention the number of unique users on Nov 7th and 8th are at their peeks same as new users daily count.

Transaction and Volumes

• After seeing the increase in user amount of DYDX,GMX and GNS we can take a look at the transactions.
• Needless to say, with a single look at the graphs and numbers we can easily see that DYDX has the most transaction count and volume over time, over 77% of TX count and over 97% of transaction volume belong to DYDX and after comes GMX and GNS.
• Despite the number and total volume of GMX being more than GNS, on the left we can see that on some days like Nov 2nd, 4th, 10th, 12th and 13th the average transaction volume of GNS is more than GMX.

New Users Escaped from FTX

• After FTX Alamada Collapse a lot of their users escaped from their platforms to different ones, here we take look at the escaped users.
• A great number of users, similar to graphs in previous sections, Escaped from FTX on Nov 7th and 8th.
• Over 69% of users Escaped users belong to Uniswap section and DYDX has 11.8% of of total share of new users escaped.
• Share of escapers from FTX on the left shows us that more than 80% of the escapers conclude uniswap and only 5.64% belong to DYDX, the daily escaped users count is shown on the left side of this text box in column form.

Transactions of Escaped Users

• Looking at the daily number of Tx count on the top left of this section in the column form, we can see that uniswap has the most number of Tx count over time and 74.3% of total TX counts by Escapers belong to uniswap.
• Even most of the most of the volume transferred by the Escapers (85.1%) belongs to uniswap and after uniswap, we have DYDX and sushiswap in second and third place in order.
• Despite the more number of transactions on sushiswap, a larger share of total volume belongs to DYDX as you can see in the percentage wheels above.
• The average daily transferred volume on the left shows that unniswap gained its advantage in volume share mostly on Nov 2nd, 6th and 11th with the huge spikes in volume.

Dydx vs Gmx vs Gns

Select platform comparison section

Conclusion

• The FTX Alamada collapse occurrence, made a lot of users panic as you can clearly see in the graphs above.
• Here we have the new users that joined the DYDX, GMX and GNS after the collapse and we can see that DYDX was the most trusted platform in between new users.
• In New Escaped users from FTX how ever DYDX has the least share of user count and uniswap embraces the majority of escaped users by a great amount, even in transactions count and volume uniswap manages to come on top.

**Codes and methods are copied from the opposite dashboard : **

What are FTX and Binance?

FTX and Binance are cryptocurrency exchanges, meaning they enable customers to trade digital currencies for other digital currencies or traditional money, and vice versa. The two exchanges process the majority of all crypto trades in the world, according to CoinMarketCap, an industry data tracker.

FTX, one of the world’s largest exchanges, is run by Sam Bankman-Fried and is headquartered in the Bahamas. It has spent millions of dollars lobbying American legislators to institute crypto-friendly regulation.

Binance, the largest exchange, is run by the billionaire Changpeng Zhao. The company, which has no official headquarters and largely functions outside of the United States, has been scrutinized for skirting regulatory rules. Binance was an early investor in FTX.

Both companies have built their businesses on risky trading options that are not legal in the United States. They each have smaller American arms, Binance.us and FTX.us, which are separate from their sister companies and are meant to comply with U.S. regulations.

**Codes and methods are copied from the opposite dashboard : **