Try Quests to earn cryptoPrivacy in Osmosis
✨ Introduction
Cosmoverse is an event highlighting the Cosmos / Interchain ecosystem and its many participants, including Secret Network!
Blockchain technology could create a more decentralized, empowering web. But it has one big flaw.
Almost every blockchain is public by default, exposing all your data on-chain for everyone to see. This puts users at risk and blocks the widespread adoption of Web3.
Secret Network aims to change this by serving as the Web3 privacy hub that is the first mainnet blockchain with privacy-preserving smart contracts launched in 2020. This makes it possible to build apps that are decentralized and permissionless—yet private[1].
- Privacy-preserving smart contracts
- Encrypted inputs, outputs, and state by default
- Transparent underlying ledger; completely auditable
Method
In the current dashboard, I tried to analyze the privacy activities on Osmosis by tracking the swaps and swapper interactions of SCRT on the Osmosis DEX during the past year. Then, we are going to analyze the LP and LPer activity on SCRT Liquidity Pools during this time.
For swaps analysis, I used the osmosis.core.fact_swaps table and the osmosis.core.fact_liquidity_provider_actions table for liquidity pool analysis.
- SCRT Token Contract Address = "ibc/0954E1C28EB7AF5B72D24F3BC2B47BBB2FDF91BDDFD57B74B99E133AED40972A" (Decimals = 6).
:chart_with_downwards_trend: Average Price Change Over Last Year
- Based on the Right chart, SCRT token has experienced almost 90% fell in price during the past year(from $6 on January, 2022, to 0.80 on January, 2023) that have had positive correlation with BTC price (from $47K to 22K)
:whale2: Top 10 hodlers:
- The bar chart in the right and PIE graph in side, shows the top 10 SCRT hodler addresses in the current date.
- OSMO1gdg…jp4m with 260K SCRT token is the top holder with more than 24.6% of token supply among top 10 holders.
:radioactive: Active Users over time:
- On the Right line chart, can be seen that daily number of new SCRT swappers from its listing on Osmosis till today.
- As can be observed, the daily trend of new SCRT swappers is kinda decreasing over time and its growth rate has almost a constant light slope since April 15th, till today.
- Most number of new SCRT swappers have achieved during Feb 2022, with more than 2.46K per day.
✍🏻 Conclusion
As of Findings above:
- The data also shows that there is a higher volume of swaps from SCRT to other tokens compared to swaps to SCRT. Additionally, while the daily number of new SCRT swappers has been decreasing over time, the highest number of new swappers was seen in February 2022.
- In terms of liquidity pools, the majority of LPs' activity has been in the "others" category, with a lower volume of Add Liquidity actions compared to Remove Liquidity actions. This suggests that there has been a net outflow of liquidity from the pools. However, it's worth noting that since September 2022, the pool tokens reservoir for SCRT and OSMO has been recovering.
- In terms of top holders, one address holds the most SCRT tokens at 24.6% of the total supply among the top 10 holders.
- From the above analysis, we can see that there has been a slowdown in activity and liquidity provision for SCRT on the Osmosis DEX over the past year. However, it's important to keep in mind that this analysis is based on past data and the situation may change in the future. Factors such as market conditions and changes in the ecosystem may have contributed to this slowdown.
About:
-
Author: HaM☰d
\
-
Discord: 0xHaM☰d#8391
\
-
Twitter: @arjmandi_hamed
\
-
Email: h_arjmandi2012@yahoo.com
🤫Privacy in Osmosis
privacy is essential for maintaining autonomy, freedom and security. It allows individuals to have control over their personal information and how it is used, and protects them from potential negative consequences such as discrimination, financial loss, and physical harm. Privacy also enables freedom of expression and innovation as people can express themselves without fear of repercussions. It also allows people to build trust and form genuine connections with others. In today's digital world, privacy is a fundamental right that should be protected and respected.
Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I'm Hamed, a civil engineering Ph.D.
student interested in data analysis.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please take a look at my various contact details and let me know what you think.
Based on the second two above charts, the user address osmo1tqc…6c72 has made the most number of swaps From and To SCRT during the past year(915 swaps with total $12.5M volume and 1471 tx swap and $17.5M volume, respectively) while the user address osmo1vmzz…hnla has made the most volume of swaps ($11.6M in 11K swap transactions) among all other SCRT swappers.
On the contrary, the user address osmo16pw…5w4d has made the most number of swaps To SCRT during the past year (11.3K swaps with total $2.5M volume) while the user address osmo1tqc…6c72 has made the most profit by swaps ($14.6M) among all other swappers during the past year.
:telescope: Findings:
The pools for adding SCRT were in three categories, such as SCRT/ATOM, SCRT/OSMO and others.
As can be seen the others have had more that 84.8% of LPer’s activities.
over past year, the highest volume of SCRT transacted to other pools.
According to the above charts, the volume of Add Liquidity actions (= pool_joined) ($24.9M) via SCRT against to Remove Liquidity actions (= pool_exited) ($18.9M) is lower.
But, the average removed liquidity by SCRT from pools ($437.8K) is more than adding liquidity actions ($118.4K).
:telescope: Findings:
- The charts on the above show another view of the apparent slowdown in new liquidity provision to the pool, especially in the past year.
- Running supply of LP tokens sharply declined since 2022.
- Mints have decreased and more LP tokens are burned than minted, indicating a net removal of liquidity.
- Over the past year, there is a net outflow of liquidity from the pool as a direct result of LPs withdrawing their funds.
- Since early of recent Sep, the pool tokens reservoir for SCRT and OSMO had a smooth recovery.
The last sections in the following allocated to top 10 popular origin and destinations of swapped transactions To and from SCRT on past year.
:telescope: Findings:
According to the above charts, during the past year, there were 244.5k swaps from SCRT to other tokens made by 153.3K unique swappers. On the contrary, there were 438.6k swaps to SCRT from other tokens made by 265K unique swappers. So, The activity of swaps from SCRT to other tokens during the past year was behalf of swaps to SCRT token.
But, the volume of Swaps to SCRT ($221.9M) is less than the volume of swaps from SCRT ($226.2M) during the past year. although, the Average and median swaps from SCRT is more than swaps to SCRT.
On the above charts, we can see there are more swaps from SCRT to other tokens in most of days. Moreover, we can see highest activity of SCRT swaps on some other days.
But in terms of volume, as mentioned above, the daily volume of swaps To SCRT in almost all days is a little less than Swaps from SCRT.
:1st_place_medal: The following charts shows the top 10 swappers based on swaps transactions count and volume.
