Question

• What do people do with their PSP tokens? Once people acquire PSP tokens what do they do with them? Do they stake them?

• How long do they hold them for?

• Show the journey of PSP tokens.

Introduction

Dex aggregators are intermediary platforms that provide users with the best trading path and save time and money. One of the most popular of these platforms is called Paraswap.

Paraswap is primarily a middleware and has the same functionality as a search engine. Like Google, which collects data from various sites, Paraswap also collects data from decentralized exchanges and DeFi protocols. For this reason, it is called a decentralized exchange aggregator or DEX Aggregator.

𝑰𝒏 𝒔𝒉𝒐𝒓𝒕, 𝒕𝒉𝒆 𝒕𝒂𝒔𝒌 𝒐𝒇 𝒕𝒉𝒆 𝑷𝒂𝒓𝒂𝒔𝒘𝒂𝒑 𝒑𝒍𝒂𝒕𝒇𝒐𝒓𝒎 𝒊𝒔 𝒕𝒐 𝒑𝒓𝒐𝒗𝒊𝒅𝒆 𝒖𝒔𝒆𝒓𝒔 𝒘𝒊𝒕𝒉 𝒕𝒉𝒆 𝒃𝒆𝒔𝒕 𝒓𝒂𝒕𝒆𝒔 𝒂𝒏𝒅 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 𝒑𝒂𝒕𝒉𝒔.

Data Analysis

There are currently around 3600 PSP holder addresses.

The top 20 PSP holders in terms of the balance of these addresses are shown in the chart below.

• The top address holds about 45.9M PSP.

The number of PSP-related transactions is shown in the chart below.

The highest number of transactions related to PSP currency was recorded on November 15, 2021. (20.8k transactions)

The highest number of daily transactions was made in November and December 2021 and the number of transactions has gradually decreased.

Some statistical indicators for the above chart are shown in the table below.

The chart below shows the volume of PSPs transferred to different CEXs.

• On some days, the volume of PSPs sent to gate.io and MXC has increased significantly.

• The maximum volume of PSP transferred to gate.io is related to April 4, 2022.(6.3M PSP) Similarly, on Nonember 15, 2021, the largest amount of PSP was transferred to MXC.(3.2M PSP)

• On some days the volume of PSP transferred to CEXs is 0.

• According to the chart below, about 95% of the PSPs transferred to CEXs are related to gate.io and MXC.

• About 2.5M PSPs have been transferred to Coinex so far.

The chart below shows the volume of PSPs transferred to different DEXs.

• Compared to the previous charts, it is clear that the volume of PSP transferred to DEXs was larger than CEXs.

💡 𝑷𝑺𝑷 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆𝒔 𝒉𝒂𝒗𝒆 𝒃𝒆𝒆𝒏 𝒉𝒊𝒈𝒉𝒆𝒓 𝒊𝒏 𝑫𝑬𝑿𝒔 𝒕𝒉𝒂𝒏 𝒊𝒏 𝑪𝑬𝑿𝒔.

• The largest volume of PSP transferred to DEXs is related to May 14, 2022.(about 16M PSP)

• The largest volumes transferred to some DEXs are:

  • Sushiswap: Mar 18, 2022 - 3.6M PSP

  • 1inch: Nov 15, 2021 - 3.2M PSP

  • Uniswap: May 14, 2022 - 5.3M PSP

  • Bancor: Mar 31, 2022 - 1.3M PSP

  • Balancer: Mar 14, 2022 - 7.6M PSP ⭐

  • Paraswap: Dec 4, 2021 - 438k PSP

There are generally a number of PSP liquidity pools on the Sushiswap and Uniswap platforms. The chart below shows the volume of PSP transferred on different pools in these platforms. these pools are:

• WETH-PSP 3000 60 UNI-V3 LP

• WETH-PSP 10000 200 UNI-V3 LP

• PSP-USDT 10000 200 UNI-V3 LP

• WETH-PSP LP

• USDC-PSP 10000 200 UNI-V3 LP

Most of the liquidity sent to these pools was deposited in Uniswap pools in November and December, while after that date all PSPs flowed into Sushiswap pools.

The maximum PSP volume transferred to Uniswap pools is 40.9M PSP and to Sushiswap pools is 3.6M PSP.

Uniswap has a larger share of PSPs sent to it, because in November and December 2021, there were only Uniswap pools and all PSPs were deposited in these pools. In recent months, however, most PSPs have been transferred into the Sushiswap pool.(chart below)

The chart below also shows the share of each pool in the amount of PSP sent to them.

Pool "WETH-PSP 10000 200 UNI-V3 LP" is for Uniswaps, which was most active in late 2021, and pool "WETH-PSP LP" is for Sushiswaps, which currently has the most transactions.

The maximum amount of PSP deposited in a pool per day is related to WETH-PSP 10000 200 UNI-V3 LP(25M PSP).

The chart below shows the volume of PSP transferred to these pools.

• Since December 2021, the amount of PSP liquidity in the WETH-PSP LP pool has increased and almost all PSPs have been deposited in this pool.

• Since December 2021, the amount of PSP liquidity in the WETH-PSP LP pool has increased and almost all PSPs have been deposited in this pool. In fact, PSP deposits to other pools have been negligible.

The chart below shows the share of each of the Uniswap and Sushiswap platforms in the amount of PSP sent to them.

Some statistical indicators for the above chart are shown in the charts below.

Some statistical indicators for the above chart are shown in the charts below.

The average daily PSP transferred to Uniswap-V3 pools is 1.9M PSP, compared to 560k PSP for Sushiswap.

The DEXs that have received the most PSP volume are:

1️⃣ Sushiswap

2️⃣ 1inch

3️⃣ Uniswap

Some statistical indicators for the above chart are shown in the charts below.

The average daily PSP transferred from Uniswap-V3 pools is 2M PSP, compared to 546k PSP for Sushiswap.

The maximum PSP transferred from Uniswap-V3 pools in one day is 37.8M PSP, compared to 5.2M PSP for Sushiswap.

The chart below shows how to transfer PSP liquidity into/from Sushiswap and Uniswap pools.

-: transferred from pools

+: transferred to pools

The charts below are similar to the charts for PSPs sent to Uniswap and Sushiswap platform pools.

Some statistical indicators for the above chart are shown in the charts below.

Similar to the PSPs sent to the pools of the Uniswap and Sushiswap platforms, the chart below clearly shows that the number of transactions in pools "WETH-PSP LP" and "WETH-PSP 10000 200 UNI-V3 LP" was higher than in other pools.

The chart below shows the amount of PSP transferred from the pools of the Uniswap and Sushiswap platforms.

In November and December 2021, most PSPs were transferred from Uniswap, while since then, the number of PSPs transferred from Sushiswap has increased.

Result

𝑻𝒉𝒊𝒔 𝒅𝒂𝒔𝒉𝒃𝒐𝒂𝒓𝒅 𝒔𝒉𝒐𝒘𝒔 𝒘𝒉𝒂𝒕 𝒖𝒔𝒆𝒓𝒔 𝒅𝒊𝒅 𝒘𝒊𝒕𝒉 𝒕𝒉𝒆𝒊𝒓 𝑷𝑺𝑷 𝒕𝒐𝒌𝒆𝒏𝒔. 𝑻𝒉𝒆 𝒓𝒆𝒔𝒖𝒍𝒕𝒔 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒅𝒂𝒔𝒉𝒃𝒐𝒂𝒓𝒅 𝒂𝒓𝒆 𝒔𝒖𝒎𝒎𝒂𝒓𝒊𝒛𝒆𝒅 𝒃𝒆𝒍𝒐𝒘:

💡 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝑷𝑺𝑷 𝒉𝒐𝒍𝒅𝒆𝒓𝒔:𝟑𝟔𝟎𝟎

💡 𝑻𝒉𝒆 𝒎𝒂𝒙𝒊𝒎𝒖𝒎 𝒂𝒎𝒐𝒖𝒏𝒕 𝒐𝒇 𝒃𝒂𝒍𝒂𝒏𝒄𝒆 𝒉𝒆𝒍𝒅 𝒃𝒚 𝒂𝒏 𝒂𝒅𝒅𝒓𝒆𝒔𝒔 𝒊𝒔: 𝟒𝟓.𝟗𝑴 𝑷𝑺𝑷

💡 𝑴𝒐𝒔𝒕 𝒂𝒅𝒅𝒓𝒆𝒔𝒔𝒆𝒔 𝒉𝒂𝒗𝒆 𝒃𝒆𝒆𝒏 𝒉𝒐𝒍𝒅𝒊𝒏𝒈 𝒕𝒉𝒆𝒊𝒓 𝒐𝒘𝒏 𝑷𝑺𝑷 𝒕𝒐𝒌𝒆𝒏𝒔 𝒇𝒐𝒓 𝒐𝒗𝒆𝒓 𝒂 𝒎𝒐𝒏𝒕𝒉

💡 𝑻𝒉𝒆 𝒉𝒊𝒈𝒉𝒆𝒔𝒕 𝒏𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝑷𝑺𝑷 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒕𝒓𝒂𝒏𝒔𝒂𝒄𝒕𝒊𝒐𝒏𝒔 𝒘𝒂𝒔 𝒊𝒏 𝑫𝒆𝒄𝒆𝒎𝒃𝒆𝒓 𝒂𝒏𝒅 𝑵𝒐𝒗𝒆𝒎𝒃𝒆𝒓 𝟐𝟎𝟐𝟏.

💡 𝑶𝒇 𝒕𝒉𝒆 𝒗𝒂𝒓𝒊𝒐𝒖𝒔 𝑪𝑬𝑿𝒔, 𝒎𝒐𝒔𝒕 𝑷𝑺𝑷𝒔 𝒉𝒂𝒗𝒆 𝒃𝒆𝒆𝒏 𝒔𝒆𝒏𝒕 𝒕𝒐 𝒈𝒂𝒕𝒆.𝒊𝒐 𝒂𝒏𝒅 𝑴𝑿𝑪.

💡 𝑨𝒎𝒐𝒏𝒈 𝒕𝒉𝒆 𝒗𝒂𝒓𝒊𝒐𝒖𝒔 𝑫𝑬𝑿𝒔, 𝒎𝒐𝒔𝒕 𝑷𝑺𝑷𝒔 𝒉𝒂𝒗𝒆 𝒃𝒆𝒆𝒏 𝒕𝒓𝒂𝒏𝒔𝒇𝒆𝒓𝒓𝒆𝒅 𝒕𝒐 𝑺𝒖𝒔𝒉𝒊𝒔𝒘𝒂𝒑, 𝟏𝒊𝒏𝒄𝒉 𝒂𝒏𝒅 𝑼𝒏𝒊𝒔𝒘𝒂𝒑.

💡 𝑷𝑺𝑷 𝒕𝒓𝒂𝒏𝒔𝒂𝒄𝒕𝒊𝒐𝒏𝒔 𝒊𝒏 𝑫𝑬𝑿𝒔 𝒉𝒂𝒗𝒆 𝒃𝒆𝒆𝒏 𝒎𝒐𝒓𝒆 𝒕𝒉𝒂𝒏 𝑪𝑬𝑿𝒔.

💡 𝑷𝑺𝑷 𝒍𝒊𝒒𝒖𝒊𝒅𝒊𝒕𝒚 𝒊𝒏 𝑼𝒏𝒊𝒔𝒘𝒂𝒑 𝒑𝒐𝒐𝒍𝒔 𝒘𝒆𝒓𝒆 𝒉𝒊𝒈𝒉 𝒊𝒏 𝑵𝒐𝒗𝒆𝒎𝒃𝒆𝒓 𝒂𝒏𝒅 𝑫𝒆𝒄𝒆𝒎𝒃𝒆𝒓 𝟐𝟎𝟐𝟏. 𝑨𝒇𝒕𝒆𝒓 𝒕𝒉𝒊𝒔 𝒅𝒂𝒕𝒆, 𝑺𝒖𝒔𝒉𝒊𝒔𝒘𝒂𝒑 𝒑𝒐𝒐𝒍𝒔 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒆𝒅 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒍𝒂𝒓𝒈𝒆𝒔𝒕 𝒔𝒉𝒂𝒓𝒆 𝒐𝒇 𝑷𝑺𝑷 𝒍𝒊𝒒𝒖𝒊𝒅𝒊𝒕𝒚.

Methodology

• This dashboard uses the following databases to extract information:

  • Ethereum

  • Ethereum_core

  • dim_dex_liquidity_pools

• Intended time frame in this dashboard:

  • From November 15, 2021 until now (Because the distribution(airdrop) of PSP tokens started from this date)

The duration of holding the PSP token by users is categorized as follows.

Most addresses have been holding their own PSP tokens for over a month