OpenBook
The development of serum and the new orderbook since their introduction may be seen in great detail and in comparison. These graphs show worldwide activity, daily and cumulative transactions, and user interactions with these contracts from both existing and new users. Liquidity has also been looked at. \n On the one hand, we can see that since the service's inception, there are now approximately 500,000 transactions in the Orderbook every single day. But it appears that since November 15, the volume of transactions has remained steady. Up to this point, more than 2.5 million transactions have been made. On the other side, we can observe the trend that the number has dropped significantly merely since last November 12th, and the number of daily transactions appears to be extremely low in comparison to the days prior to the crash. \n It is evident that new users have increased in the Orderbook as well, though not significantly—the daily maximum is fewer than 300. In my brain, I can visualise how the number of new users rose briefly before abruptly starting to fall, and the unfavourable dynamics persisted. Similar trends can be seen if we look at people who are active. \n Since its creation, Orderbook has been expanding, but in waves. The latest high was over $300,000 per day, and it appears that the highs are rising. On the other hand, Serum is the reverse, as the liquidity started to significantly decline from the day of the crash until it reached lower values than Openbook.
This chart contrasts the flow of traffic to and from CEX before and after the FTX/Alameda event. In both situations, we can observe a decline in the volume of transfers in the days after the news's release. Therefore, it is certain that less activity has been seen on CEX since the FTX/Alameda event. However, it is also clear that the shift to CEX, which had a significant decline a few days prior to the news' release, was responsible for the sharp decline in activity.
The first chart shows how the number of events began to decline shortly after the news, dropping from about 9 million to below 5 million in recent days. However, following the FTX/Alameda news, there was a significant increase in user activity on DeFi platforms.
When we break down the data by platform, we can see that the client and server activity declines are mostly to blame for the activity decline. \n On the one hand, there are now less than 2 million serum occurrences annually, down from around 5 million. With the same client, but on a smaller scale—from around 1 million to fewer than 300,000 events per day—something similar occurred. \n From the users' perspective, it appears that more people were active in the days before the news' dissemination in this particular example. Activity on Jupiter generally decreased as soon as the news was announced. But as we can see, other platforms have also been impacted, and their activity has fallen as well, like Seram once more.
Conclusion
Orderbook transactions have climbed to around 500,000 per day since launch. The number of transactions has been steady since November 15. There have been 2.5 million transactions.On the other side, Serum's daily transactions have fallen since November 12th, compared to the days before the meltdown.
In the order book, they've also increased, but the daily maximum is fewer than 300. In Serum, the number of new users surged during the panic, then dropped, and the unfavourable trend continued. The same is true for active users.
Orderbook liquidity has increased in waves since the start. Last week's peak was over $300,000 USD per day. In Serum, however, liquidity has dropped since the crash and is now lower than in Openbook.
After the news, DeFi occurrences dropped from 9 million to below 5 million.The number of DeFi customers surged after the FTX/Alameda news.
The main cause of the DeFi activity drop is the drop in serum events and the fact that most users stopped using Jupiter.
Other platforms, like Serum, have also seen decreasing activity.
Serum incidents decreased from 5 million to less than 2 million.Jupiter saw a similar decline, from 1M to 300k occurrences each day.
Staking has risen in recent days after the news. doubled the number of actions. Considering the present weak market and the abrupt reduction in SOL price, we can confirm that people panicked and undelegating activity skyrocketed.
Following the FTX/Alameda news, we are seeing fewer CEX transfers.
We can also notice that transfers to CEX started declining days before the news.
Introduction
What is FTX?
FTX is a digital currency exchange, a platform where people could buy and sell digital assets like bitcoin, dogecoin and ether. Such platforms rose in popularity in recent years as more people looked to invest in cryptocurrencies without the hassle of dealing with the technical side of such transactions, such as setting up a crypto wallet.
Actions have nearly doubled in number. If we examine the averages for each statistic, we can observe that while the average number of users went from 894 to 1,786,000, the average daily transaction volume increased from 1,113 to nearly 2,206,000.
