Solana Protocol Feature
Goal:
Introducing a Solana DeFi protocol
Questions:
Choose a DeFi protocol and create a dashboard with the new Flipside layout that can refresh once a day highlighting at least 4 metrics of your choosing that helps show the "health" of the protocol and what is happening on it.
Note any noticeable trends or current events for the protocol. Highlight how liquidity is flowing in and out of the protocol and which pools are popular.
Solutions:
I Decide to introduce Mango Market.
Mango Markets is a fresh and juicy decentralized exchange (DEX) on the Solana blockchain that offers traders up to 20x leverage on popular trading pairs. Transactions are fast, cheap and permissionless, and the overall experience is smooth, thanks to a host of features that make Mango Markets unique.
1. Daily Inflow to and Outflow from Mango Market:
There are some spikes in this chart so these dates and amounts should be considered important.
Outflow:
- Apr 10th (206K SOL)
- Jun 2nd (204K SOL)
- Jun 15th (378K SOL)
- Jun 20th (366K SOL)
Inflow:
- May 2nd (265K SOL)
- Jun 1st (227K SOL)
- ==Jun 21st (1.31M SOL)==
- Jun 22nd (532K SOL)
- Jun 23rd (362K SOL)
- Jun 29th (233 SOL)
These two charts show that in total, the inflow volume to Mango Market is more than the Outflow from it.
According to the right chart, until Jun19th the inflow and outflow are nearly equal together but the huge inflow that happened on Jun 21st caused this difference between inflow and outflow volume.
In total, the inflow volume is 1.5M SOL more than the Outflow volume.
The program id of Mango Market is equal to mv3ekLzLbnVPNxjSKvqBpU3ZeZXPQdEC3bp5MDEBG68.
The 4 metrics I choose to discuss are:
- Inflow and outflow to Mango Market
- Number of total and daily unique users that used this platform
- Number of total and daily transactions on this platform
- Amount of Total and daily SOL deposited into this platform
- The tables I used to obtain these charts and data are
solana.core.fact_events
andsolana.core.fact_transactions.
- All data are from the beginning of 2022.
2. Daily unique users:
According to this chart, The unique users of the Mango Market are decreasing.
==Since June 13, we have seen a sharp drop in the number of unique users of this platform, which has been unprecedented since the beginning of 2022.==
The total number of unique users on Mango Market is equal to 14.46K.
No specific correlation can be observed between the graphs of the two above parameters:
From the beginning of March to the 12th of this month, when the number of unique daily users of the trend has decreased, the number of daily transactions of the trend is almost neutral.
Then from March 13 to early April, when the trend is the number of users is up, the number of transactions after a large increase (about twice) in the number of transactions is a completely downward trend.