This dashboard will clarify these concerns: 


• 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?

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FTX’s introduction {1}

FTX Exchange is a centralized cryptocurrency exchange that specializes in derivatives and leveraged goods. FTX provides trading products such as derivatives, options, volatility products, and leveraged tokens. It also offers spot markets in over 300 cryptocurrency trading pairs, including BTC/USDT, ETH/USDT, XRP/USDT, and FTT/USDT, its native coin.

FTX, domiciled in the Bahamas, and its US partner, FTX US, have overlapping management teams but independent financing structures. Residents of the United States can only trade with FTX US.

How to find data?

Below are the list of tables used for analysis:

• ethereum.core.ez_token_transfers
• ethereum.core.dim_labels
• ethereum.core.ez_eth_transfers
• ethereum.core.fact_hourly_token_prices
• arbitrum.core.fact_event_logs
• polygon.core.fact_event_logs
• ethereum.core.fact_event_logs

FTX PERFORMANCE:

GMX’s introduction

GMX is a decentralized spot and permanent exchange that allows users to trade Bitcoin, Ethereum, and other popular cryptocurrencies straight from their cryptocurrency wallets. The GMX user can execute spot swaps and trade perpetual futures with up to 30x leverage, just like on a centralized exchange. Unlike a centralized exchange, they preserve custody of their assets by using a cryptocurrency wallet.

With minimal swap costs and zero-price effect trades, GMX promises to give a better trading experience. Trading takes place through GLP, its native multi-asset pool, which generates fees from liquidity providers. Furthermore, GMX employs Chainlink Oracles for dynamic pricing in order to gather prices from other high-volume exchanges.

GNS’s introduction

Gains Network is a cutting-edge DeFi ecosystem built on Polygon.

Because of its unique synthetic architecture, gTrade is more capital efficient than any other platform, with cheap trading fees and a large selection of leverages and pairs (up to 150x on cryptos, up to 1000x on forex, and up to 100x on stocks).

The protocol's ecosystem revolves around the ERC20 utility token (GNS) and the ERC721 utility token (NFTs). GNS and NFTs are designed for active platform use (utility) and to enable protocol ownership through revenue capture and control (soon). Burning GNS with platform income, enhanced incentives for NFT holders, NFT bot execution of limit orders and liquidations, and GNS holders receiving platform fees through Single Sided Staking are all examples of this.

Regarding the amount, the daily Inflow/Outflow transfers from FTX to Ethereum decrease significantly over the past 15 days. Looking at the chart, we can see that due to the FTX’s collapse, FTX’s net amount of flow (total amount of inflow - total amount of outflow) was negative from 05-Nov to 13-Nov. Kindly note that according to the website, FTX is currently unable to process withdrawals.

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The above data shows that there has been a noticeable increase in outflow activity, particularly in terms of number of transactions, users and amount. The peak of this event was 07-Nov-2022 with about 31K users, 52K transactions and 2.5B USD.

 “0x98c3d3183c4b8a650614ad179a1a98be0a8d6b8e” was the wallet with highest number of outflow, which was 1867 transactions. This wallet belongs to MEV Bot ()

“0x3507e4978e0eb83315d20df86ca0b976c0e40ccb” was the wallet with highest amount of outflows, which was 448.6M USD. This wallet belongs to Alameda Research () 

Overall, no big gaps can be found in both terms of number of transactions and transaction amount among top 5 wallets.

PERFORMANCE OF DYDX, GNS, GMX

Dxdy’s introdution:

dYdX is a superbly constructed decentralized crypto derivatives exchange that provides everyone with a plethora of margin trading and perpetuals options. dYdX has filled a fascinating niche inside the crypto trading sector, in addition to having a clever moniker (dy/dx refers to Leibniz's Notation in mathematics).

The dYdX exchange platform's early editions provided traders with minimal crypto margin trading features with limited assets. Now, dYdX has stepped up its game by introducing margin and perpetuals for a variety of cryptocurrencies. It also provided loan and borrowing services, further decentralizing the entire trading process.

Based on the above charts, it is obvious that the number of users, transactions and transaction amount increased after the collapse of FTX. As opposed to the days prior to this time period,  GMX, dYdX, and Gains Network witnessed a noticeably higher transaction amount after the FTX collapse. The biggest winners from the fall of FTX have been GMX and dYdX.

Binance was the most popular destination in both number of transactions and amount. Moreover, Binance accounted for nearly 50% in total, which means that after FTX collapse,

users have “transferred their trust” to Binance.

Conclusion:

• There has been a noticeable increase in outflow activity, particularly in terms of number of transactions, users and amount. The peak of this event was 07-Nov-2022 with about 31K users, 52K transactions and 2.5B USD due to the collapse of FTX.
• “0x98c3d3183c4b8a650614ad179a1a98be0a8d6b8e” was the wallet with highest number of outflow, which was 1867 transactions. This wallet belongs to MEV Bot.
• “0x3507e4978e0eb83315d20df86ca0b976c0e40ccb” was the wallet with highest amount of outflows, which was 448.6M USD. This wallet belongs to Alameda Research.
• Binance was the most popular destination in both number of transactions and amount. Moreover, Binance accounted for nearly 50% in total.
• The number of users, transactions and transaction amount increased after the collapse of FTX. As opposed to the days prior to this time period, GMX, dYdX, and Gains Network witnessed a noticeably higher transaction amount after the FTX collapse. The biggest winners from the fall of FTX have been GMX and dYdX.