Question:

Cosmoverse was full of amazing announcements and alpha leaks. Analyze your favorite token’s LP & trading activity on Osmosis over the past week.

Please provide volume and user growth metrics into this analysis and focus on deep insights on ONE token.

Overview of analysis:

In this analysis. the EVMOS token has been investigated from the LP actions and trading points of view.

Evmos is an Ethereum Virtual Machine (EVM) hub that launched on the Cosmos blockchain in April after years of development.

About Cosmoverse:

Cosmoverse is a community-organized conference that focuses on the interchain ecosystem centered around Cosmos.

Cosmos is an ecosystem of blockchains designed to scale and interact with each other. Cosmos Hub was the first blockchain built on top of Cosmos, initially acting as an intermediary between other interconnected blockchains. The ATOM token is used to conduct transactions in the Sosmos ecosystem, which can also be used for governance and equity purposes.

The cosmos ecosystem has experienced unprecedented growth in 2022. Apart from reaching 1.4 billion dollars in Total Locked Value (TVL), cosmos witnessed a successful launch of its Inter-Blockchain Communication Protocol (IBC) and expected to create multiple projects.

Methodology:

The data provided by Flipside has been used to handle this analysis. The Pool_ID related to the EVMOS token is 722.

• The liquidity providing action:

  from osmosis.core.fact_liquidity_provider_actions where POOL_ID='722'

  Action in ('pool_joined','pool_exited')

  CURRENCY='ibc/6AE98883D4D5D5FF9E50D7130F1305DA2FFA0C652D1DD9C123657C6B4EB2DF8A'

• The Swap analysis:

  from osmosis.core.fact_swaps where POOL_IDS[0]=722 and TX_STATUS='SUCCEEDED'

• User retention→ Estimated by number of actions for each LP providers

• 7-day moving average→ avg(avg_volume) OVER (ORDER BY day ROWS BETWEEN 7 PRECEDING AND CURRENT ROW)

• Time period→ past week

Part 1: Analysis on LP actions by Evmos

Findings:

• In the past week, the volume of LP provide was larger than LP remove but the difference is not big.
• The count of users provide LP is greater than LP removers by far.
• In the past week, the highest volume of LP provide happened on October 6 and the highest LP removal occurred on October 10.
• From the 7-day moving average aspect, the LP removal has larger volume than LP provide and the highest average LP removal happened on October 6 with over 1346 tokens.
• Users more often provide LP than removal and as can be seen about 42% of LP providers provide more than 1 times in the past week.
• Top LP provider provides over 30k tokens in the past week.

Part 2: Trade analysis by Evmos

Part 3: Common users between LP providers and traders

Findings:

• As can be seen, the highest count of trades happened on October 7 by 1762 unique swappers.
• The grow rate chart shown the breakpoints of trades on EVMOS pool over the past week.

Findings:

Now lets find the common users that provide LP on EVMOS pool and made trade in the past week.

• About 76% of users only made swaps on EVMOS pool and 8.21% of users provide LP and made swaps too.
• According to the bar chart, the number of users made swaps are 5 times more than LP providers and 539 unique users of EVMOS pool participated on trades and LP actions.

References and useful links:

• Medium about Cosmoverse
• About EVMOS
• EVMOS pool

Findings:

• The most popular tokens swapped on EVMOS pool are EVMOS, Osmosis, USD coin and Cosmos respectively.
• The highest count of swaps belong to EVMOS and its expected.
• The volume of EVMOS token swapped for other tokens was high on October 6 but the highest volume of EVMOS swapped from other tokens to EVMOS was high on October 5.
• The 7-day moving average reveals that the volume of “To Evmos” token swaps are higher than “From Evmos” swaps.
• Most of traders swap just for one time about 68% of swappers in the past week.
• The highest retention among token of EVMOS pool belong to EVMOS token in the past week.

Author:

Credited by MZG

Discord handle: m.zamani#0361

Twitter handle: @GargariZamani