Introduction

As we know, Osmosis is an automated market maker (AMM), built on the cosmos network and it is structured for liquidity providers wearing a significant number of tokens, which are reserved for these providers as incentives for their contributions.

The Osmosis token (OSMO) is a governance token on Osmosis network, used to vote, stake assets, and provide liquidity through out its pools.

References

$OSMO trading on Binance Exchange

Binance exchange is basically one among the most popular and largest online cryptocurrency platforms where users can buy, sell or trade their cryptocurrencies. Similar to other crypto exchanges, Binance is based in Hong Kong launched in around 2017 and offers a wide variety of services around the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies.

Usually, one who like to launch their tokens can use Binance for raising funds through initial coin offerings (ICOs) and the core advantage of binance platform is its low withdrawal fees. So, unlike many other exchanges who charges between $10 and $30 per transaction, Binance charges between $1 and $15 for fiat currency withdrawal.

On 28th of October 2022, Binance became the first Centralized exchange CEX to list spot trading for $OSMO. As a result of this, the price of $OSMO token has abruptly shot up around 32%. In this article, we will analyze $OSMO trading activity on 28th Oct 2022, comparing with past week vs. daily & weekly metrics etc.. with supporting graphs or visuals.

Methodology

For this analysis, we will first look at the daily price trend of $OSMO token, its transactional activity, total number of active users, total swappers count, average swapped volume etc.. captured on a daily, weekly & hourly basis across various intervals of time such as

• 60 days before the Terra crash occurred
• 60 days after the Terra crash occurred
• One week before $OSMO listed on Binance
• One week after $OSMO trading listed on Binance etc..

We will be using the data derived from osmosis.core.fact_transactions, osmosis.core.fact_swaps, osmosis.core.dim_lables, osmosis.core.dim_prices etc tables to proceed with this analysis based on tx_status column as succeeded.

Here are the Osmo addresses for Binance exchange:

osmo129uhlqcsvmehxgzcsdxksnsyz94dvea907e575

osmo1krmqr8zhvteevq4hnl7q0pxtff6xpnqz4ckxcu

Twitter link

According to the below chart, we could see that the $OSMO token price started with a drastic raise since 28th of October 2022, the day on which exactly $OSMO got listed for trading on Binance exchange.

If we look at it closely, $OSMO token records highest price of $1.61 on 29th of October 2022, later which it has come down slightly and remained consistent further. But, anyways it seems to be the highest price recorded when verified over the past 3 months.

So, there has been a significant difference in terms of $OSMO price before and after $OSMO token trading is introduced on Binance exchange effective 28th October 2022.

In terms of the daily trading or transactional activity on Osmosis since the time of Terra crash occurred on 11th & 12th of May 2022, there seems to be kind of decreasing trend from that time.

But, however, effective 28th Oct 2022, the day on which $OSMO trading enabled on Binance exchange, there has been a sudden raise in the transactional count as well as active users performing transactions.

When we look at the transactional activity on a hourly basis, trading activity has raised and active users performing osmosis transactions has shoot up after the moment $OSMO got listed on Binance exchange.

Also, when we compare the active users count on Osmosis before and after 60 days of Terra crash occurred on 11th & 12 th of May 2022, we could observe that the total number of active users prior to Terra crash seems to be predominantly high compared to after Terra crash. This means that Terra crash has shown a significant impact on Osmosis transactional activity.

From these visuals, we can see the average swap volume of $OSMO tokens captured on a hourly basis, after it got listed on Binance exchange since 28th October 2022.

Looks like, the swap volume has reached its peak at 4:00 on 28th October 2022 (day on which Binance introduced $OSMO trading), with a total swap volume of 9.43M. But, later on, followed a slight declining trend while approaching towards the end oo first week of Nov 2022.

When we look at the swap transactions performed across $OSMO and other tokens in the last 2 weeks i.e.. a week before and after the listing of $OSMO trading on Binance exchange, here we can see that OSMO swap transactions count has raised sharply on 28th Oct 2022, at 5:00.

Also, as an overall, looks like most of the swap transactions are performed with respect to the $OSMO tokens.

Looking at the hourly statistics of Total $OSMO Inflow transactions into Binance exchange since 28th Oct 2022, Inflow transactions count 815 is recorded high at 5:00 on 28th of Oct 2022.

Similarly, maximum number of $OSMO outflow transactions from Binance exchange 2.45M has been recorded at 6:00 the same day.

Conclusion

According to all the above charts or visuals, here are few observations identified related to $OSMO trading listed on Binance exchange..

• If we look at it closely, $OSMO token records highest price of $1.61 on 29th of October 2022, later which it has come down slightly and remained consistent further. But, anyways it seems to be the highest price recorded when verified over the past 3 months. So, there has been a significant difference in terms of $OSMO price before and after $OSMO token trading is introduced on Binance exchange effective 28th October 2022.

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• When we look at the active users count on Osmosis before and after 60 days of Terra crash occurred on 11th & 12th of May 2022, we could observe that the total number of active users prior to Terra crash seems to be predominantly high compared to after Terra crash. This means that Terra crash has shown a significant impact on Osmosis transactional activity.

• In terms of the total swap volume and swap transactions performed across $OSMO and other tokens in the last 2 weeks i.e.. a week before and after the listing of $OSMO trading on Binance exchange, it is evident that OSMO swap transactions count has raised sharply on 28th Oct 2022, at 5:00. Further which, we could experience a slight decline in the swappers and average swap volume trend of $OSMO on Binance network.

$OSMO Inflow Vs. Outflow on Binance - since 28th Oct 2022

Daily $OSMO Trading activity

Hourly Swap activity - Before vs. After $OSMO listed on Binance

$OSMO Price trend