Afonso_Diaz
    discord@0xafonso
    @Afonso#9673

    BRRR Staking Analysis on Rhea Finance Lending Sector Since August 2024

    hexagon

    Flipside AI

    The Near Protocol's Burrow contract demonstrates robust staking activity, with 7,218 stake transactions compared to only 1,360 unstake transactions, indicating strong user commitment. The protocol shows concentrated engagement, with 250.9M BRRR tokens staked and top 100 users controlling over $250M in staked volume. Despite monthly transaction volatility, the ecosystem maintains significant user interest, particularly among plankton-level users driving the highest transaction counts at 3,916 stake and 785 unstake transactions.

    Users Behavior & Interaction
    BRRR Key Stats & Performance

    Methodology

    This analysis involves a structured approach to extract, transform, and analyze blockchain transaction data to derive insights about BRRR Token activities. The steps outlined below are based on my code provided:

    1. Token Price Aggregation:

    - Hourly token price data is retrieved from the price dataset.

    - The average daily token price is calculated by aggregating hourly prices, providing a consistent basis for converting token amounts into USD values.

    2. Transaction Data Filtering:

    - A subset of transactions is extracted from the blockchain event data based on specific criteria:

    - The method_name field is used to identify relevant actions (e.g., account_stake_booster for staking and account_unstake_booster for unstaking).

    - The receiver_id ensures only transactions involving the target contract are included.

    - Only successful transactions (`receipt_succeeded`) are considered.

    3. Data Transformation:

    - The transaction type is standardized by mapping raw method names to human-readable labels such as "Stake" and "Unstake."

    - The token amount is extracted from either transaction arguments or log data, handling variations in the data structure.

    - Token amounts are normalized by dividing by \(10^{18}\) to account for token decimals.

    - The token amounts are converted to USD using the pre-calculated daily average token price.

    4. Metrics Calculation:

    - The processed data is aggregated to compute key metrics for each transaction type:

    - Total and average transaction volumes in both token units and USD.

    - The number of unique transactions and users.

    - Daily averages for transactions and unique users.

    5. Result Grouping:

    - Metrics are grouped by transaction type (`Stake` or Unstake) to provide clear and actionable insights into user behavior and token activity patterns.

    This methodology ensures a comprehensive analysis of staking and unstaking activities, combining token price data with blockchain event data to deliver meaningful metrics

    db-image-image-Xtfl
    How Staking Affects BRRR Token Price Movements
    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.