PARASWAP: Token Activity

    $PSP is the governance token for Paraswap and it has been airdropped to many users who had use Paraswap before. In this dashboard, we will take a look at what users do with the $PSP tokens after claiming them.

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    Graph below shows the daily and cumulative claim volume of $PSP tokens. First day seeing the highest volume because users will want to take advantage and dump it on the market for quick profit.

    Out of almost 70M tokens being claimed on first day, 15M of it or 20% of claimed on first was being sold for quick profit.

    Graph below shows the percentage of cumulative daily activities of stake, hold and sell by token amount. We can see that most of the day, people holding are decreasing and more airdrop claimers sell because the $PSP price has drop significantly. So, always try to gauge the market. One thing I've learn this year is that never forget to take profit. You won't lose if you take profit.

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    Users also can stake $PSP for governance starting on Nov 29th and we're seeing over 300K staked on first day.