Introduction

Let's take a look at the Bentobox platform.

‌Based on their Sushiswap Twitter account, "Bentobox is a smart contract acting as the central vault for the entire Sushi ecosystem. Similar to how the banking system is the base-layer for financial operations in traditional finance, Bentobox is the base-layer for all future financial instruments Sushi intends to offer."

In the following we use flipside crypto database to show:

• The average holding period of each user on both Ethereum and Polygon Network.
  • Less than 1 day
  • Between 1 day to 1 week
  • Between 1 week to 1 month
  • Over 1 month
• Most deposited stable coins to Bentobox
• Percentage of users who supply stable coins to Bentobox and users that supply both stablecoin and other coins.

Results and Analysis

At the first, let's look at the Average holding time of users. For getting these data we use the Velocity App from flipside crypto. We use ethereum_core.ez_token_transfers table to get data for Ethereum network.

As the chart shows, most users hold for less than one day. Also, the lowest number of users is related to those who hold between 2 days to a week, followed by users with a holding interval between one week to one month, which constitutes 21.3% of the total users. A very important point seems to be the 29.4% share that is related to the users who keep their assets in the Bentobox for more than a month. This number clearly shows that users are very willing to keep their assets for a long time and the features of the Bentobox platform have convinced them.

According to the chart in the Polygon network, most users keep their assets in Bentobox for less than a day, which is 58.8%. In second place with a share of 17.3% are users who have kept their assets in Bentobox for a week to a month, and in the next ranks with 12.6% and 11.3%, respectively, are users who are between 2 Day to week and more than a month have held their assets.

Do most users deposit stable coins or use other tokens with them?

Let's see!!

As can be seen from the chart above, most users have deposited other tokens in addition to the stable coins with a share of about 90%. This high percentage indicates that investment opportunities in Bentobox have to some extent met the needs of users.

And in the following, we can see the most deposited stable coins to Bentobox.

MIM(Magic Internet Money) with 83.9% is in the first rank. After that USDC, USDT and DAI are in the next rank respectively.

In the chart below, we can see the most popular stable coins based on the number of users that use them. Here, also MIM is the most popular.

Conclusion

• 29.4% of Ethereum network's users want to Hold their assets in Bentobox for more than a month
• On the Polygon network, 17.3% of users want to keep their assets for 8 days to a month.
• 90.2% of users deposit other assets to Bentbox in addition to Stable Coins.
• MIM is the most popular Stable coin deposited to Bentobox.