Users can earn a percentage-rate reward over time by "staking" some of their holdings in a cryptocurrency that allows stakes.

Due to the blockchain putting their crypto to work, they earn rewards. A proof-of-stake cryptocurrency is a cryptocurrency that supports stake, allowing all transactions to be verified and protected without a bank or payment processor getting involved. Cryptocurrency would become part of the process if users staked it. 

Stake is a popular way for long-term crypto holders to use their assets to generate rewards instead of letting them collect dust.

In addition to contributing to the security and efficiency of blockchain projects, stake also provides benefits for the user's wallet. The blockchain is made more resilient to attacks and more capable of processing transactions when you stake some of the user's funds.

In the staking process, cryptocurrencies may require a period of "vesting," during which they cannot be transferred. While prices might shift during this time, staked tokens cannot be traded, which is a disadvantage. Users are advised to thoroughly research the stake requirements and rules for any project they wish to participate in before staking.

The time frame of this dashboard has passed 180 days.

The following table is used to check the osmosis network:

from osmosis.core.ez_prices

And for Terra is:

from terra.core.ez_swaps

The Luna address:

where from_currency = 'uluna'and to_currency = 'ibc/B3504E092456BA618CC28AC671A71FB08C6CA0FD0BE7C8A5B5A3E2DD933CC9E4'

Osmo address:

where symbol = 'OSMO'

Stake:

where action = 'Delegate'

Unstake:

where action = 'Undelegate'

🔑 Key Finding: :key: Osmo also has a higher number of validators compared to Terra, which is another plus. You can see from the table above that this number is equal to 26.5 thousand in the Osmo system and 13.8 thousand in the Terra system.

Daily Average Per User

Top 10 stakers

Stakers breakdown

🔑 Key Finding: :key: The number of unstaked validators on both networks is also the same and faces a little difference that could be ignored.

Top 10 Unstakers

:key: Key Finding: :key: In general, Terra and Osmosis differ significantly in terms of transaction numbers. Regarding transactions, 95% belong to the Osmo network, and only 5% to the Terra network.

In the Osmo network, the number of transactions created for stake currency has grown faster than in Terra, as shown in the growth table.

Transactions on Osmo significantly increased from November 7th until November 26th, when this rapid growth started.

A total of 15,000 transactions were recorded on November 8th on the Osmo network related to staking. In contrast, Terra's total number of transactions reached its highest level of 1518 on September 9th. That was almost 0.1 of Osmo's highest number of transactions.

Transactions count

Users count

:key: Key Finding: :key: Stake transactions in the Osmo network are more common than in the Terra network because more users have created stake transactions in the Osmo network. As compared to Terra, Osmo's number is almost 8.8x higher.

Similar to the number of transactions, Osmo's users have grown significantly over time. On November 14, there were 13.88 thousand users who created stake transactions on the Osmo network. Terra, on the other hand, recorded the highest number of users on September 9, 2023. This was the highest between July 31, 2022, and June 27, 2023.

USD volume

Validators count

🔑 Key Finding: :key: In the USD volume section, the difference between Tara and Asma has decreased as compared to the above two metrics. Approximately 65% of the USD volume was in Osmo, whereas 35% was in Terra.

🔑 Key Finding: :key: The average number of stake transactions on Terra is almost 2x more than on Osmosis.

Transactions

USD volume

🔑 Key Finding: :key: The average USD volume of assets users staked on the Terra network is almost 5x more than on Osmosis. At the time this dashboard was written, the value of Luna was 2x more than Osmo, and because of this difference, this gap is sensible.

🔑 Key Finding: :key: The top user of the top 10 users based on the number of staked transactions in Osmo had ~133k transactions.

On the other hand, the top user of the top stakers on Terra had 8040 transactions.

🔑 Key Finding: :key: The top user of the top 10 users based on USD volume in Osmo staked 9.36 million USD in the Osmosis network.

The top staker of the top stakers on Terra staked 2.7 million.

🔑 Key Finding: :key: It was found that the number of users who made only one transaction in both networks was the highest. Those who created over 20 transactions in two networks, the highest number in this category, numbered 17.7 thousand in Osmosis and 741 in Terra.

🔑 Key Finding: :key: The number of users who staked between 10 to 100 USD on both networks is the most. The total number of users who staked between 10 to 100 USD on Osmo is 35.5k; on Terra, this number is ~10.5k.

The number of users with more than 100k USD as staked amount on Osmosis is 104 and on Terra is 54.

Transactions count

Users count

USD volume

Validators count

🔑 Key Finding: :key: The number of transactions in order to unstake assets on Osmosis is more than on Terra. This number on Osmosis is ~41.5k and on Terra is 24k.

The highest number of unstaked transactions on Osmo was the most on October 28th, with 601. In return, the number of unstaked transactions on Terra was the most on September 9th, with

🔑 Key Finding: :key: The number of users who unstaked their assets on Osmosis is more than on Terra. This might cause the more staked transactions, if the number of staked transactions is more the number of unstaked transactions is also could be more.

🔑 Key Finding: :key: Despite the other metrics that shown in this dashboard, the USD volume of unstaked transactions on Terra is more than on Osmosis. And the growth of amount of USD that had been unstaked on Terra validators is faster than on Osmosis.

🔑 Key Finding: :key: The top user of the top 10 users who unstaked assets on Terra had 81 transactions which also compared to Osmo the most.

In return, the top users on Osmosis make 63 unstaked transactions.

🔑 Key Finding: :key: The top user of the top 10 users on Osmosis based on Unstaked amount, unstaked 10.5 million USD and on Terra the top user unstaked 6.79 million USD.

🔑 Key Finding: :key: Overall, it is evident from the data available that the number of transactions associated with stakes in Osmosis is significantly higher than the number of transactions related to other types of stakes. As of November 2022, approximately one million transactions were conducted in this type of transaction.

🔑 Key Finding: :key: Taking a closer look at the behavior of users, it can be seen that a significant number of them have staked their tokens in the Osmosis network. This can be seen in the graph above. On the Osmosis network, 0.98 million transactions have been created by users.

🔑 Key Finding: :key: The USD volume of staked transactions on Osmosis is the most, and in the second place are unstaked transactions on Terra.

🔑 Key Finding: :key: The number of validators related to stake is more than on Unstake validators. Among the staked validators on Terra and Osmosis, Osmosis has the most part.

On May 7, the price of the then-$18-billion algorithmic stablecoin terraUSD (UST), which is supposed to maintain a $1 peg, started to wobble and fell to 35 cents on May 9. LUNA's companion token, which was meant to stabilize UST's price, fell from $80 to a few cents by May 12.

:link: The fall of Terra

Due to last year's loss of UST value, which was also seen as a reward for Luna stakeholders, most of the users' trust in the Luna network was lost. Despite the restart of this network, users have not yet fully trusted it. This can be one of the reasons for the relatively low number of metrics related to stakes in the Luna network. Furthermore, the number of unstaked participants in this network has increased significantly, and the USD volume.

Nevertheless, the Osmosis network has been able to attract significant users. There are several reasons for this, including the absence of a stablecoin, unlike Terra, and many validators. In addition, this network has started working as a subnetwork of the well-known Atom network.