The Question

This week has highlighted the need for transparency & decentralization in crypto markets. Let's see how users have reacted to this wild week in Web3. Have behaviors changed? Analyze growth in Osmosis Volumes & User Count this week.

** \n **

Has more money flowed into Osmosis this week compared to the past few weeks/months? Where is this money coming from? Centralized Exchanges? Have wallets moved more into stables?

** \n **

Some important points regarding the FTX exchange

Some time ago, a report was published that ftx management is lobbying with the Democrats to pass a law that will convert Bitcoin from decentralized to centralized. This decision was met with opposition from users and caused the FTX exchange to be banned and users to withdraw their money from it and transfer it to other exchanges. One of these exchanges that users transferred their money to was FTX's competitor, Binance. Binance was the first market exchange and FTX was the second market exchange at that time.

This decision was also opposed by the management of Binance exchange Mr. Zhao.

Some time later, Alamida Research's balance sheet was published by Reuters, in which there were many uncertainties, such as the fact that the company's $8 billion loan was not properly backed and was backed only by its native currency, FTT.

This caused Mr. Zhao and the Binance exchange to withdraw two billion dollars of their capital that was on the FTT currency and announced this on Twitter. And he said on Twitter that we learned from the issue of Terra and its historic fall.

These two issues together caused strong selling pressure on the FTT currency. On the other hand, a large amount of capital was withdrawn from the FTX exchange to other exchanges, including Baynis.

When the Terra currency made a historic fall, the FTX exchange profited greatly by acquiring its projects at a low price.

Mr. Zhao, the owner of Binance, announced that he is ready to help the FTX exchange and will somehow buy it.

After a few hours, he announced that this was not possible, and as a result, selling pressure increased and the price of the NFTT token fell to around $2.

LP ACTIONS

TRANSFERS

BRIDGING in (Stellar)

SWAPS to / from Stablecoins

Observations

In general, the number of users has experienced a day-by-day decrease since the day of FTX's bankruptcy. This is also true for LP amount. But this reduction cannot be considered a sharp drop. In particular, in the case of withdraws, it is clear that there was a sharp increase on November 8. But it has returned to normal in the following days.

Observations

In general, the number of users has experienced a day-by-day decrease since the day of FTX's bankruptcy (NOV. 8th). This is also true for Transfer count. But this reduction cannot be considered a sharp drop as well. In particular, in the case of IBC transfer in , it is clear that there was an increase on November 8. But it has returned to normal in the following days. this also valid for IBC transfer out and also Osmosis transfers.

Observations

• After FTX crisis the volume of bridge via Satellite into the Osmosis has been decreased .

• On November 9 on of the the highest bridge volume into the Osmosis via Satellite bridge occurred (after crisis) .

  \

Observations

• After FTX crisis , the swap amount to stablecoinds has experienced a dramatic jump and reached its highest on NOV 8th and 9th.
• Also, after FTX crisis , the swap amount FROM stablecoinds has experienced a huge jump too and reached its highest on NOV 8th and 9th as well.
• Amount and Number of swaps to stablecoins was higher than amount and number of swaps from stablecoins.
• There was not a big change in number of traders, so it can be concuded that, swap per trader index had a jump at that particular days in both directions.

Methodology

This dahsboard consists of 4 parts. in the first part , you can find informations about LP ing actions before and after FTX crisis. the second part is about IBC transfer analysis . the third part describes the Satellite bridge transactions at that timeframe and the last part is about swaps from and to stablecoins.

Conclusion

• In terms of LPing, the number of users has experienced a day-by-day decrease since the day of FTX's bankruptcy. This is also true for LP amount. But this reduction cannot be considered a sharp drop. In particular, in the case of withdraws, it is clear that there was a sharp increase on November 8.
• In terms of Transfers ,the number of users has experienced a day-by-day decrease since the day of FTX's bankruptcy (NOV. 8th). This is also true for Transfer count. But this reduction cannot be considered a sharp drop as well. In particular, in the case of IBC transfer in , it is clear that there was an increase on November 8. But it has returned to normal in the following days. this also valid for IBC transfer out and also Osmosis transfers.
• After FTX crisis the volume of bridge via Satellite into the Osmosis has been decreased .
• On November 9 on of the the highest bridge volume into the Osmosis via Satellite bridge occurred (after crisis) .
• After FTX crisis , the swap amount and count to/from stablecoinds has experienced a dramatic jump and reached its highest on NOV 8th and 9th.