Token Activity

    Q3. What do people do with their PSP tokens? Once people acquire PSP tokens what do they do with them? Do they stake them? How long do they hold them for? Show the journey of PSP tokens.

    Method

    The Paraswap (PSP) token contract address is 0xcafe001067cdef266afb7eb5a286dcfd277f3de5, the UDM_EVENTS table is used to find the data, filtered the origin_function_name to get the events associated with these tokens.

    The following pie chart shows the number of transactions done in different categories, most of them are claim transactions since Paraswap was airdropped to the Paraswap platform users.

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    Transactions are done on a daily basis, most of the transactions on the first day are claims of the airdrop and transfers but little events of swaps, adding liquidity, after that we see little wallets swap their PSP tokens.

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    Summary

    In terms of hold time, most wallets sold or transferred their PSP token in less than 10 days. The most actions wallets take is claiming the airdrop, then transfer.