Unique Users
How many unique wallets are active on Osmosis per day? How has this changed over time? What has been the largest event that has brought the most wallet activity to Osmosis?
- The bar chart above shows the number of wallets performing transactions on Osmosis per day.
- Since January 2022, the number of wallets performing Osmosis transactions per day has been steadily increasing.
- In March 2022, the average number of wallets performing transactions per day on Osmosis was at its highest. The number of active wallets per day on Osmosis peaked also in March 2022.
- Beginning in April 2022, the number of active wallets per day on Osmosis begins to decline. This downward trend in the number of active wallets continues to the present day, June 6th 2022.
- Osmosis has been enabling superfluid staking since March 1st, 2022, and is constantly adding new pools. For example, Osmosis currently has superfluid staking enabled on 12 pools, and the XPRT/OSMO pool was only enabled on June 1st, 2022.
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Because Osmosis supports superfluid staking, users can stake OSMO while also providing liquidity to a liquidity pool. OSMO tokens, which are provided for superfluid staking, can provide economic security to the Osmosis chain while also providing liquidity to pools.
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With the rollout of superfluid staking on March 1st, users will no longer be required to provide Cosmos assets on other DEXes. This is due to the fact that users who engage in superfluid staking earn more, by receiving both staking rewards and trading fees. This could explain why March 2022 has the highest number of active wallets, as shown in the first section of this dashboard.
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Because users who provide to superfluid staking earn more, many users contribute to superfluid staking, leading me to believe that superfluid staking is the largest event that brought the most wallet activity to Osmosis.
Conclusion
- We see that the number of wallets performing transaction on Osmosis per day has started to increase dramatically since January 2022 and peaked on March 2022. The number of active wallets per day on Osmosis begins to decline starting April 2022.
- The biggest event that has brought the most wallet activity to Osmosis is superfluid staking.