Try Quests to earn cryptoGenopets Staking
In this analysis, You will read about Genopets staking. I Created a visualization showing the amount of staked GENE over time. How many unique wallets have staked $GENE since its inception on May 18th? What percentage of those stakers have previously purchased a Genopets NFT? What trends are you seeing with the Genopets NFT collection?
- All data in this analysis is from May 18th.
Genopets is the first Move-to-Earn mobile RPG that rewards you for exercising your body, mind, and spirit through the care of your digital familiar. Transform your physical movement and cognitive exertion into in-game progression to upgrade and evolve your Genopet NFT.
Genopets have these types of NFT:
- Transform Seeds: Airdroped to Early Users in 2021
- Genopets (Dragons) Airdroped to Early Users in 2021
- Crystal: Airdropped to users in 2022 Also, They had Treasure hunts weeks. Each week they distributed 5K Crystals. Crystal has 5 types. The Treasure Hunts started in March 2022 and it was 5 weeks.
- Habitat: Users can make a habitat by forging 5 unique crystals + 1 transform seed
The Only marketplace where users could sell their Genopets NFTs was on FTX in 2021 which was not supported by Flipside. in 2022, Genopets NFTS became to MagicEden
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For Staking I used flipside_prod_db.solana.fact_events table and found StaKe9nb7aUjXpjpZ45o6uJBsZxj2BWCDBtjk8LCg2v program id. Then joined to flipside_prod_db.solana.fact_transactions table and set mint token to Gene which is GENEtH5amGSi8kHAtQoezp1XEXwZJ8vcuePYnXdKrMYz.
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I found NFT buying in two ways. First Crystal NFTs which I found by their addresses.
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- 'WATErpZ2ZBjgAxyttoEjckuTuCe9pEckSabCeENLTYq'
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- 'FireKR7LgjyzjsLnxaNZwa7dnJncDSidD4cXGhTGz2eU'
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- 'woodN5KSiHEAhaCrZVh3vScGta7u6r5Vp3UbqDFuD4e'
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- 'EaRtHRxHp1ftdfnJFds9UrCDNaSGxhdnRUucevNr1DzA'
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- 'Meta1cQ29N8S4cSwJScHZYtXV6J5Cy55oEA8vRVhh8K' Second I understand that from each transaction of Genopets NFTs, A few amount of Fee is sent to Genopets address which is GenoS3ck8xbDvYEZ8RxMG3Ln2qcyoAN8CTeZuaWgAoEA. I calculated all transactions that interact with this address to sent fee from selling NFTs.
The below chart shows the total number of stakes and total unique staker. A day after announcing the staking program, More than 1800 stakes happened by 1596 unique users. Following that date, the total number of stakes decreased to nearly 650 times by 583 unique users. Right now the total daily number of stakes is around 150 times by below 150 unique users.
The below chart shows the Daily total number of staked Gene tokens and the average stake amount. The highest amount of staked Gene occurred on May 19th when more than 280K Gene was staked. The average Staked amount is 155 $Gene. Following that date, Stake amounts dropped to 49K Gene with an average of 76 Gene per staker. Right now, The staking amount is near 10K gene with an average of 30-50 Gene.
In the below cumulative chart, You can see how the Staking slope grew significantly in one day. But after that, the staking amount and number of stakes decreased and cumulative lines didn't face any growth.
Nearly 4000 unique users staked on Genepots staking program.
The below chart shows the total daily unique buyers of Genopets NFTs. The trends started in the last week of February. Genopets NFTs price increased suddenly and more users tried to sell their NFTs. Also, Genopets announced Habitat NFT which needs 6 Genopets NFT to make one Habitat. So the request for Genopets NFTs increased. The highest number of buyers happened on May 19th. More than 3800 users bought Genopets NFts in one day.
21% of stakers have bought Genopets NFTs before. 78% of staker didn't buy Genopets NFTs.
Crystal Collections were the most trending NFT collections that users have bought from MarketPlace. As I said before, Each user needs 5 unique Crystals + 1 transformed seed to make a habitat. So Crystals became a trend in Genopets collections. The below chart shows the total number of buys from Crystals.
Written by Hess
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discord_id: hess#0890
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twitter_id: @hessaminanloo