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Analyze how users join pools on Osmosis.
introduction:
What is Cosmos?
Cosmas is one of the oldest active blockchain projects with a focus on interoperability. The Cosmas Network, or “Internet of Blockchains,” was launched during a successful Initial Coin Offering (ICO) in 2017. The Cosmos blockchain ecosystem facilitates frictionless interoperability with other leading blockchains rather than a single chain as a network of blockchains. Cosmas has achieved this through its own blockchain communication protocol, the IBC (Inter-Blockchain Communication) protocol. In addition, the IBC protocol allows communication with other blockchains through both digital currencies and NFTs.
What is Osmosis token?
Osmosis digital currency with the abbreviation OSMO is the key to the perfect performance and growth of the Osmosis protocol. The OSMO multipurpose crypto currency in the Osmosis network has three main functions: providing liquidity, paying transaction fees, and protocol governance. Holders of OSMO currency will have the right to vote on the parameters of the protocol, including determining the liquidity pools receiving rewards, the number of rewards, staking facilities, and network fees. With this method, Osmosis Exchange encourages and promotes the participation of the user community in the network (especially in the field of governance).
The above diagrams show the number of transactions for six months previous, deposited into all osmo pools. The most transactions are for ‘‘both assests LP’’, followed by ‘‘singleside osmo LP’’ and ‘‘singleside non-osmo LP’’ respectively.
According to the above diagrams, the highest volume of ''both assets LP'' deposits was on 17/06/2022, and also during this period, 86% of the deposit volumes were of ''both assets LP'' type.
- The above graph on the left shows the deposit/withdrawal volume to the selected pool.
- The above chart on the right shows the net daily deposit to the selected pool.
- The graphs in the bottom show the pool daily size USD and the pool token daily price
I took help from the following dashboard in this analysis.
the tweet link for this dashboard: