Deebs Defi recently won Flipside's analytics tournament. Find at least 15 Avalanche whales using Deebs Whale Finder tool.

Then, analyze the balance sheet of these whales across chains.

How much is each wallet worth in total, and what are the proportions of their assets across different Ethereum compatible chains?

Which chains have the most assets from these whales?

Finally, explore the Defi activity of these whales on Avalanche. Are they lending, borrowing, staking, farming, LP'ing or trading?

Crypto whale is a familiar name for cryptocurrency market participants. A digital currency whale is someone who has a significant amount of a cryptocurrency in their wallet. For example, the anonymous creator of Bitcoin, Satoshi Nakamoto, owns about 1% of all Bitcoins, which is equivalent to 1 million Bitcoins.

As mentioned, these users have a lot of assets in their wallets. With the support of this large asset and of course intelligence and vigilance, by creating pressure in the market for buying and selling, they move the market rate.

The large capital of whales in the financial market of digital currencies is considered both an advantage and a disadvantage. Whales, with their high assets, have the incentive or greed to increase their assets by manipulating the market. This causes the strength and development of this platform. On the other hand, this large capital and large property gives them more voting rights; In this case, the mission of the blockchain network, which is the decentralization of transaction confirmation, will be questioned. Along with these whales, by creating heavy chaos, they will push the market to their advantage, and newbies may face serious losses.

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the activity of the selected Whales on the Avalanche blockchain has been investigated by considering:

  • Popular sectors
  • Popular programs/projects
  • Actions done by Whales

• After that, the activity of these Whales on different Ethereum-compatible chains has been determined. Also, the share of transfers on these chains has been compared to various chains.

  • Chains -> Avalanche, Ethereum, Polygon, Arbitrum, and Optimism
  • Metrics-> Count of active whales on each chain, transfer volume of whales by assets