🍣 What is MISO?

MISO standing for “Minimal Initial SushiSwap Offering” is a community-curated launchpad platform on SushiSwap which aims to help project owners quickly launch their tokens without any technical knowledge. MISO is a fully permissionless launchpad with multiple token types, multiple auction types, and liquidity launching.

❓ Tasks

Analyze the user base of Miso.
How many users does it have across how many chains?
Chart that by week and by month.
Has the recent bear market affected that?

💡 Methodology

The MISO went live on May 17th, 2021 based on Sushiswap Medium. Therefore, only the transactions with the block_timestamp after the release date have been considered.
MISO users were defined as wallets having interactions with MISO auctions by the commitment of native coins or other tokens to the corresponding contracts with the signature functions of 0x29762960 or 0xdc97e082, respectively.
Then the block_timestamp corresponding to the transactions was truncated by week and month to analyze the user growth for the desired timeframes.
The flipside tables for networks other than Ethereum such as Polygon, BSC, Arbitrum, and Avalanche are limited to recent transactions mostly after June 2022. So the earlier transactions are not accessible to be considered. Other MISO-supported networks are not available on Flipside tables or they have negligible users so they were not considered for the analysis.

🧠 Weekly Charts: Insights

The weekly charts corresponding to Ethereum and BSC networks were shown in Logarithmic scale for better indication of volatility on lower values.
There are two spikes on the number of unique users per week on Ethereum network with values more than 10 times higher than other weeks (11021 and 9647 corresponding to the weeks starting on Aug 16, 2021 and Nov 15, 2021, respectively.
Considering the latest bear market has been started in the middle of November 2021, we can see a significant drop on the number of MISO users since the the date.
Weekly distinct users are mostly from Ethereum network and the share of other chains on weekly total number of users is rather negligible.

📅 Weekly Analysis

📆 Monthly Analysis

🧠 Monthly Charts: Insights

The monthly charts corresponding to Ethereum network was shown in Logarithmic scale for better indication of volatility on lower values.
The monthly distinct number of MISO users on Ethereum chain has dropped significantly since the start of 2022 and the beginning of the bear market.
MISO monthly distinct users on Polygon, BSC, and Avalanche have been decreased unlike the Arbitrum chart which shows a growth on the number of users.
The average number of monthly distinct users on Polygon and BSC are nearly the same, standing after the Ethereum users with a significant distance.

🙆‍♂️ Number of Users

📜 References

Feedback or Question?

Twitter: @majiiidh

Discord: majiiid#9562

🧠User Insights

MISO total number of users is mostly consisted of users on Ethereum blockchain (95.9%).
Binance Smart Chain (BSC) with 1115 users stands on the second rank (3.2%).
Polygon, Avalanche and Arbitrum are the next chains respectively based on their number of users.

Miso User Base