Try Quests to earn cryptoUser Segmentation Analysis
The Question
Let's analyze a typical user journey through Osmosis. Analyze the following:
- The most common ways of entering Osmosis (Axelar (Satellite) or elsewhere)
- The most common asset transferred into Osmosis for first transfer
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Stay or leave:
- What do wallets do when they first come to Osmosis?
- Join to swap and then transfer that asset out?
- Join to stake OSMO?
- Join to swap and then LP?
- Which assets are most commonly swapped for and transferred out?
- Which assets are most commonly swapped for and then LP'd?
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Calculate the above from both a volume and # of user standpoint.
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Methodology
In this dashboard , you can find three main parts.
In the first main part, the Sources wich users receive ibc tokens from, have been compared and presented. the metrics provided in this section are :
Weekly and total share and also cumulative #users,#Txns and Value $ per sources.
The second part also provides information about the most popular tokens to receive in Osmosis network for the first time, from #users,#txns and value $ perspective which had provided as weekly , total and cumulative charts.
the third part also shows the fisrt time (IBC receiving) users stats on osmosis , as weekly, cumulative, total and weekly distribution of users based on amount received.
In the last part, the most popular fist actions of IBC receivers is revealed and analyzed.
hope you enjoy it
Introduction
Summary
The Osmosis automated market maker (AMM) affords users the ability to create new and unique liquidity pools that are controlled and voted on by participants. The Osmosis token (OSMO) is used to vote, stake, and provide liquidity throughout its pools. Superfluid staking, a process novel to the Osmosis protocol, allows users to stake assets to secure the network while simultaneously providing assets in a liquidity pool.
Contents
The Cosmos Ecosystem
Osmosis is a decentralized exchange (DEX) and automated market maker (AMM) protocol for the Cosmos ecosystem. To understand the specifics of Osmosis, it’s helpful for you to know the context of the Cosmos ecosystem upon which and for which it is built. Cosmos is an overarching ecosystem of blockchain networks that can connect with one another as part of Cosmos’ mission to build an “internet of blockchains.” Interoperable decentralized applications (dApps) on these various networks communicate with each other and send tokens and data back and forth via Cosmos’ Inter-Blockchain Communication (IBC) Protocol.
The Cosmos Hub is the mainchain that serves as the central ledger and primary blockchain protocol to connect with other blockchains in the Cosmos Network. It is a Proof-of-Stake (PoS) blockchain built by the Ignite team and uses ATOM as the native token for voting, staking, and transactions. Cosmos also provides a software development kit (SDK) to enable projects and teams to build on its network. Now that we have a surface-level understanding of Cosmos and how it operates, we can dive deeper into Osmosis.
The Osmosis AMM
Osmosis is a DEX protocol, which means it uses smart contracts to determine the price of digital assets, to produce liquidity via a peer-to-peer (P2P) methodology, and to exact trades between users. This approach to an exchange platform is known as an AMM — a DEX protocol that prices crypto assets in liquidity pools. Contributing tokens to these pools helps foster decentralized liquidity, which is then used to facilitate trades on the exchange. Participating as a liquidity provider (LP) can earn you both trading fees and newly minted LP tokens as incentives for participation.
The Osmosis AMM is unique in that it affords users the ability to create their own liquidity pools, or to duplicate existing ones with their own unique parameters. Because Osmosis is built on the Cosmos ecosystem, users are able to natively trade assets from more than 47 different chains within Cosmos.
While most AMMs today are fairly efficient at providing liquidity in a decentralized manner, they still operate as service-based products: the platform creates pools that are free to join. In the dynamic landscape of decentralized finance (DeFi), this can arguably compromise the efficiency of the liquidity pools available for use. To help solve these issues, the Osmosis AMM was conceived as a “serviced infrastructure” that provides users the ability to tweak the values of tokens and the supply, therefore lowering the barrier to creating custom-built AMMs.
Two primary concepts that drive the Osmosis protocol are sovereignty and heterogeneity. To that end, Osmosis makes use of self-governing liquidity pools. These liquidity pools that exist in Osmosis are not hard-coded and users can use the native Osmosis token (OSMO) to vote on pool parameters and protocols, provide liquidity, and stake. Essentially, it allows holders of the token to decide the make-up of specific liquidity pools, in addition to playing a central role in wider Osmosis protocol governance.
OSMO Token and Superfluid Staking
OSMO is the native token of the Osmosis network. Primarily, OSMO is used for staking to secure the Osmosis chain. As a PoS token, OSMO is inflationary. Over time, new tokens will be minted and entered into circulation. The maximum number of OSMO tokens has been set at 1 billion. As of May 2022, there are 282 million OSMO in circulation.
A key innovation within the Osmosis protocol structure is superfluid staking, which allows users to both stake tokens while simultaneously using them to provide assets to a liquidity pool. This means Osmosis users are rewarded for helping secure the blockchain while staking, and receive reward fees associated with liquidity pool transactions. The first Osmosis token pool to allow for superfluid staking is the ATOM/OSMO pool, which is the top Osmosis crypto staking pool by volume and includes both OSMO and the Cosmos token ATOM.
Osmosis’ use of superfluid staking is designed to not only increase users' capital but also contribute to the security of other blockchains in the Cosmos ecosystem. Prior to the innovation of superfluid staking, if a user brought their assets to Osmosis to earn block rewards in one of the liquidity pools, the blockchain that provided those assets would not be able to use them to secure the chain. With superfluid staking, users supply the liquidity pool while still staking the underlying asset in the blockchain from which it came. To that end, Osmosis and its OSMO crypto staking feature strengthen the security of all Cosmos blockchains, in addition to providing a core DEX for the Cosmos ecosystem.
Observations
- The surveys show that the Evmos is the network with the most of IBC IN to Osmosis in #Txns. the overall share of this network in #txns is 36.8% followed by Atom with 32.5%. But, the share of transfer amount for Atom network is absolutely high with 65% , being followed by other chains and Evms. Also, Atom is ranked first in #receivers with 36% followed by Evmos with 29.8%.
- The cumulative chart shows a very sharp and positive trend for Evmos in terms of gaining receivers over time, surpassing others and reaching rank2.
Observations
- The surveys show that the Atom token is the IBC with the most of IBC IN to Osmosis in #Txns ==for the first time receiving IBC.== the overall share of this token in #txns is 56.5% followed by Evmos token with 19.1%. also, the share of transfer amount for Atom is absolutely high with 76.5% , being followed by far by Evms. Also, Atom is ranked first in #receivers with 36% followed by Evmos with 58%.
- The cumulative chart shows a very sharp and positive trend for Evmos in terms of gaining receivers over time, surpassing others and reaching rank2.
The charts show a very outstanding jump in #IBC-receivers on Osmosis from October 17.
Also, 33.7% of users received 10-100$ value IBC token in their first ibc receiving transactions.under 10$ is ranked 2nd with 33% , followed by 100-1000$ with 24.5% of first time receivers.
Observations
- The charts on the right show the first actions of IBC receivers on Osmosis network as overall share , cumulative and weekly #users and #txns.
- It can be seen that , swapping is the most popular action after receiving an IBC token , with 64%.
- staking is the second popular action with 18.5% and transfer is the third one with 11.2 % .
- Also, from the late November to mid June 2022, most of the swaps happened with a high of 24.165 k swaps on the week started from Feb 14.
Conclusion
- In terms of number of IBC transactions to Osmosis , Evmos is the network with the most of IBC IN to Osmosis with 36.8% of all txns , followed by Atom with 32.5%. But, Atom network is ranked first in terms of value of transactions with a dominance of 65% . Also, Atom is ranked first in #receivers with 36% followed by Evmos with 29.8%.
- Looking at the battle of tokens to be the most popular one in terms of users and tansaction count and laso the Value of transactions , Atom stands in the first rank with no rivals around.
- People like to swap their received IBC as the first action after receiving it. the second popular action is staking , followed by transfer.