Question:

Q78. Genopets is a move-to-earn game reminiscent of Pokemon Go on Solana.

Recently, Genopets launched staking for their $GENE token (read more here https://medium.com/@genopets/announcing-gene-token-staking-1513e08ecbe).

Create a visualization showing the amount of staked GENE over time. How many unique wallets have staked $GENE since its inception on May 18th? What percentage of those stakers have previously purchased a Genopets NFT? What trends are you seeing with the Genopets NFT collection?

Approach:

The introduction of Genopets and its native token have been presented in the question.

In this essay, the staking of GENE token and previous behavior of stakers in NFT marketplaces have been investigated.

The methodology of this content contains:

• Staking GENE

      Select INSTRUCTION and INNER_INSTRUCTION from flipside_prod_db.solana.fact_events
      where PROGRAM_ID='StaKe9nb7aUjXpjpZ45o6uJBsZxj2BWCDBtjk8LCg2v' -- GENE staking program
  

• Identifying Genopets NFTs

      Select Address from flipside_prod_db.solana.dim_labels
      where LABEL= 'genopets terraform seeds'
  

• NFT purchasing

      Select Purchaser from flipside_prod_db.solana.fact_nft_sales
      setting Mint by Genopets NFTs
      look at the purchasers. Are they stakers too? or not?
  

Results:

The daily amount of GENE staked and number of wallets that stake GENE have been shown in the two figures.

By considering these figures and table:

1. The highest volume of GENE staked on May 19th which is the second day of starting stake.
2. More than 1600 unique wallets have been staked GENE on May 19th.
3. Totally, the 4500 unique wallets have been staked more than 74200 GENE in staking program since May 18th.

In this part, the NFT purchasing behavior of stakers has been revealed.

As demonstrated in this chart, the 24.5% of stakers previously purchased a Genopets NFT and 75.5% of stakers did not buy Genopets before May 18th.