wETH Deposit Rate
Introduction
Osmosis is a decentralized peer-to-peer blockchain using the Cosmos SDK. OSMOSIS, as an advanced AMM protocol, allow users to deposit diverse set of tokens including wETH.
This dashboard investigates the deposit rate of wETH over time on Osmosis and compares it to SushiSwap and Thorchain.
Looking into number of deposits we can see that a good number of deposit in mid May has turned to a declining trend since May 21st.
The graph below shows how the popularity of depositing ETH into THORChain has changed over time.
We can see a significant decrease in the number of adding liquidity since April 12th.
The graph below shows the amount of wETH deposited into Sushi on Ethereum. It can be seen that Sushi experienced a true rapid growth with about 2M ETH deposit in the first week of its launch.
Early stages
The graph below shows the growth of ETH amount deposited in the early stages on the three platforms.
We can see that the initial slope of amount of ETH deposited into OSMOSIS indicates a rapid growth. However, the amount is far less than sushiswap which had a rapid growth as well.
The THORChain growth was linear in the early stages.
The graph below shows how the number of wETH deposit on Sushiswap has changed over time. We can see that the number of wETH deposits has been decreased since October 2021.