INTRODUCTION

The Cosmos SDK is used by Osmosis, a decentralized exchange (DEX), for enhanced functionality with other blockchains. It stands out because to its automated market makers, which improve liquidity providers' ability to respond to the market.

Osmosis is a multi-chain DEX that was created with the Cosmos ecosystem's other blockchains in mind. By using its Inter-Blockchain Communication protocol, communication with these other blockchains is made possible (IBC). Because Osmosis is connected to other Tendermint blockchains, smooth, quick exchanges are possible.

The mainchain of the Cosmos Hub acts as the network's core ledger and uses it as the basis for all other blockchain connections. The Ignite team created a Proof-of-Stake (PoS) blockchain that employs ATOM as the native coin for transactions, voting, and staking. Additionally, Cosmos offers a software development kit (SDK) to help teams and projects expand on its network. We can delve deeper into Osmosis now that we have a basic understanding of Cosmos and how it functions.

METHODOLOGY

Here it is seen that to address the CEX invasion into the Osmosis network, the date when Osmo is added into the Binance is considered. It is on 28/10/2022. Hence we can do a statistical analysis by checking the trend that if there is more accounting later than this particular date, there should be more centralized Exchange wallets influencing the Osmosis Chain. Now let's look at those. The days before 06/11/2022 are initially considered pre-crisis, and the time-dependent chart on the total number of users is charted. Then the new wallets in this month are also taken separately with the cumulative count where the currency used is “uosmo”. Then to check the stablecoins, the average and the total volume of the transfers using the stablecoins in the network are charted with time along with the users as well as the transactions involved in the same. The same is also done by excluding the stablecoins so that a cut and right comparison can be done. If No stable coin invasion, Now we check the popular coins through which the tokens are transferred. Then as to consider other events, the trend of the stakers and the staking volume along with the swappers and the swap volume is also taken for these recent days. These charts can provide insights on the trend in the users in recent days as well as the swapping events to the stable coins in recent days are also recorded and visualized.

The daily Osmosis Users over time are charted for here in the recent days with a month’s scale. It is seen that there are no drastic changes in recent days to the norma trend in the daily users.

The total new wallets along with the cumulative number of the same is charted here and it is seen that since the addition of the Osmo into the binance network, there is an increase in the wallets as it is seen from the cumulative number even though there is few ups ad downs in the daily new wallets.

The chart here indicates the total as well as the average volume of the stablecoins that are involved in transactions in recent days and it is seen that there is quite a good amount of stablecoin users in recent days.

The bottom chart here shows the average volume as well as the total value of the users with the other tokens. It is seen clearly that the stablecoin users are almost the same as the others which has an indirect visualization that stablecoins have a good influence.

The users as well as the transactions with the stablecoins and others are charted here and it is seen that the trend seems to be similar with both and the influence is not much in this scenario.

The count on the transactions with the users is addressed for the stablecoins here and it is explained.

The tokens, as well as the users, is charted for here and then it is seen that all the tokens are IBC transfer tokens.

The token and the transferred volume is charted here and it is seen that almost 75% of the volume is done by the same token.

The staking volume over time is charted for here and it is seen that since a month the volume has been decreasing.

The count of the total stakers in the network is charted with time and it is seen that there is a significant hike in the total stakers over the recent days which can be due to an influence of the centralized users.

The count of the total swappers, as well as the swap volume in the osmosis network over time in both stable coins as well as the other tokens, are charted here and it is seen that the number of users who swap to stablecoins has increased in recent days and a similar trend is also followed by the users who swap to non-stablecoins. The stablecoins considered here are obtained from .

INFERENCE

It is seen from these charts and analysis that there is an impact of the CEX wallets in the staking but it is not overshooting in other events. Similarly, the invasion of stablecoins is also seen to have a significant influence on the behavior of the users but the trend of the other tokens is also similar that we cannot say that the stablecoins shoot up by pulling down the other tokens. One particular thing noted is that the CEX wallet influence is considered by the time constraint that the dataset is unclear on that particular data and this idea is followed with the experts’ advice in the FlipsideCrypto.