DEX Change
Osmosis (OSMO) is an automated market maker protocol (AMM) for the ATOM ecosystem. Osmosis was inspired by Balancer and Uniswap and wants to provide tools that go beyond traditional token swaps and offer users DeFi functionality for a cross-chain world. For example, developers can build customized AMMs with sovereign liquidity pools and users can launch liquidity pools with unique parameters like bonding curves and multi-weighted asset pools. That means a liquidity pool does not always have to follow a 50:50 distribution between its assets but can be customized according to the wishes of the party setting up the pool.
FTX is the empire built by Mr. Bankman-Fried, who was once compared to titans of finance like John Pierpont Morgan and Warren Buffett, collapsed last week(November 8th) after a run on deposits left his crypto exchange, FTX, with an $8 billion shortfall, forcing the firm to file for bankruptcy.
This bankruptcy made a big shock in the crypto market and pushed BTC to crash.
In this bounty we were asked to check how Osmosis users have reacted to this wild week in Web3.
For this purpose, I did some analysis about swap, transfer and bridge transactions on Osmosis to see how the behavior of users had changed during this crisis. \n
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Although count of swappers increased a bi in the day of FTX crisis, but the count and volume of swaps increased sharply in the day of FTX crisis and also 3 days after that.
After 3 days, all the parameters reached to its level before the Nov 8th.
The most growth in that date was in the swaps with the volume between 100 to 1000 USD and 10 to 100 Usd, respectively.
In other charts above, you can see 2 other big news: Terra crash, and Binanace listing of Osmo.
Terra crash had the biggest effect on the users activities on Osmosis. Growth in the number of active and new users, count and volume of transactions by this event, was by far more than the growth by the Binance listing and FTX crash.
In a week after Terra crash all the parameters decreased sharply and in any day, non of parameters did not reach to the level in that week.
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In the above charts, you can see the daily count and volume of inflow and outflow transactions for Osmosis.
As you can see, USD volume of inflows did not change much by the FTX crash news. While count of inflow transactions increased a bit in the first two days and then decreased.
Count of outflow transactions and USD volume of outflows increased by the FTX crash news. This growth continued for 2 days and then decreased and reached to the level before the FTX crash.
In total, Count of inflow transactions was more than outflow transactions after the FTX crisis.
In total, USD volume of inflow transactions was close to outflow transactions after the FTX crisis.
By the FTX crisis, count of swaps and swappers to and from stablecoins increased sharply.
In total, count of swaps to stablecoins was more than count of swaps from stablecoins, after the FTX crisis.
In total, count of swappers that swaped to stablecoins was more than count of swappers that swapped from stablecoins, after the FTX crisis.
In total, USD volume of swaps to stablecoins was more than USD volume of swaps from stablecoins, after the FTX crisis.
In all the days in last 60 days, count of swaps and swappers to stablecoins was more than swaps and swappers from stablecoins. While volume of swaps was close to each other in most of the days in last 60 days.
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In the two above charts, you can see the volume of bridge to and from Osmosis during last 60 days.
You can see that the volume of bridge to Osmosis, did not change much by the FTX crisis. Evmos and Cosmos where the two chains that the highest volume of assets to Osmosis, was bridged from them.
Volume of bridge from Osmosis to other chains was very volatile during last 60 days. By the FTX crisis, this volume increased sharply for 3 days and then decreased. The most volume of assets was bridged to Ethereum. Osmosis and Polygon where the bridges in the next ranks.
Conclusion
count of swappers increased a bi in the day of FTX crisis, but the count and volume of swaps increased sharply in the day of FTX crisis and also 3 days after that.
Terra crash had the biggest effect on the users activities on Osmosis.
USD volume of inflows did not change much by the FTX crash news.
Count of outflow transactions and USD volume of outflows increased by the FTX crash news.
count of swaps and swappers to and from stablecoins increased sharply.
In total, count of swaps to stablecoins was more than count of swaps from stablecoins, after the FTX crisis.
In total, count of swappers that swaped to stablecoins was more than count of swappers that swapped from stablecoins, after the FTX crisis.
In total, USD volume of swaps to stablecoins was more than USD volume of swaps from stablecoins, after the FTX crisis.
Evmos and Cosmos where the two chains that the highest volume of assets to Osmosis, was bridged from them.
The most volume of assets was bridged to Ethereum. Osmosis and Polygon where the bridges in the next ranks.
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