🔎 What's in this dashboard?

With this dashboard we looked at the price activity of aETH,stETH and rETH and their swap activity + ETH locked in these protocols + peg of this tokens to the weth

What is ETH Derivatives:

ETH Derivatives are the the staked and the synthetic version of ETH, without waiting the offical merge you can stake your ETH for aETH,stETH,rETH and gain interest from it. You can also use your tokens in DEXes and can provide liquidity to earn additional interest.

Value of derivatives are determined by the underlying asset, for that reason price of these tokens are diffrent and can be different from the price of ETH.

Conclusions

• Until the may 11 peg of stETH was close to the WETH, but because of the events in the May 11 depeg of the UST and fall of Luna its peg is little bit broke and going around between -70$ to -40$.

• Price of aETH is mostly below from the price of WETH and despite its depeg in Jan,Feb,Mar its not much affected from the fall of Luna and depeg of UST.

• The price of rETH is mostly above WETH its the only postive token having higher price then WETH among these three and its price only droped from 163 to 60 during the events of Luna.

• We have seen biggest depeg with aETH, its price dropped 583$ below from the price of WETH.

• WETH is the most popular swap destination for ETH derivatives.

• Highest ETH is locked in Lido among these three protocols.

• Total ETH locked in these three protocols is 4.29M.

  \

Methodology

• 0 Represents the price of WETH if the price of the token is above 0 that means its above the peg , if its lower then it, it means its price is below the peg.
• We defined volatility as max(price) - min(price) of token in that day.
• We defined most popular pools as pools with highest volume USD.
• We defined destinations as tokens swapped to( for example swapping your stETH for WETH ).
• Contracts used in this dashboard are :

stETH=’0xae7ab96520de3a18e5e111b5eaab095312d7fe84’

aETH=’0xE95A203B1a91a908F9B9CE46459d101078c2c3cb’

rETH=’0xae78736cd615f374d3085123a210448e74fc6393’

How Much ETH Staked In Each Protocol

Price Activity Of aETH, stETH, rETH

Swap Activity Of aETH, stETH, rETH

Peg Of aETH, stETH, rETH To WETH

Findings

• Among the derivatives aETH had the biggest troubles to restore its peg to WETH
• We have seen that peg of aETH has dropped to the 583$ below from the price of WETH.
• Price of rETH stayed above the price of WETH which is an good sign, its price rarerly dropped below the price of WETH.
• stETH is the most stable one, its price was going nearly 1=1 with WETH until the May 13 which its price dropped below but still its price is in the range of -50$.

If we rank the most volatile derivative ETHs

1. aETH.

2. rETH.

3. stETH.

aETH

Findings For Price Activity Of aETH

• At max volatility in the price of aETH reached 322$.
• At min volatility in the price of aETH reached 17$.

stETH

rETH

Findings For Price Activity Of stETH

• At max volatility in the price of stETH reached 246$.
• At min volatility in the price of stETH reached 15$.

Findings For Price Activity Of rETH

• At max volatility in the price of rETH reached 260$.
• At min volatility in the price of rETH reached 21$.

Rankings For Price Activity Of rETH, stETH, aETH

• We have seen highest max volatility in aETH at Jul 16 with 322$, in the second place we have rETH with reaching 260$ at Aug 19 and in the last place we have stETH with reaching 246$ at Jun 13.

  So we can say that we have seen biggest daily changes in aETH.

• We have seen min price activity in stETH with 15$ , in the second place we have aETH with 17$ and in the last place we have rETH with 21$.

  So we can say that minimum price activity in a day happened in stETH.

General Findings About Price Activity and Volatility

rETH and stETH is showing a similar pattern in volatility.

aETH has big price changes in a day.

Findings

Lido leads the way in total staked ETH amount with 4.16m ETH and reaching 7.07B$.

Rocket Pool is in the second place 123.7k ETH staked and reaching 218m$.

Ankr is in the last place with 3550 ETH staked and reaching 5.59M$.

At total in these 3 diffrent protocols we have 4.29M ETH locked.

Daily ETH Staked On Ankr, Lido, Rocket Pool