In the previous bounty which was related to GMX, I did an overview dashboard about GMX, but in this bountty we were asked to do the analysis about the top traders on this platforms.

I defined top trader as the traders which had the highest volume of trade among others, during time, and checked the activities of these traders. Activities like number of positions, volume of positions, traded assets, the volume of traded asset, type of the position and etc.

Method:

In GMX users can trade assets like USDC, WETH, DAI, WBTC, FRAX, USDT, UNI and LINK.

Users also can increase or decrease their positions on GMX which are defined as '0xc9874170', for increasing position, and '0xe70dd2fc' for decreasing position in origin_function_signature in the arbitrum.core.fact_token_transfers table.

By using this table, and sorting it based on volume of positions, I filtered the top 15 traders which had the highest volume of positions.

In the below chart, you can see the volume and count of positions for the top 15 traders:, count of positions they made on each asset and the type of positions they made on each asset:

==‘0x57…169’== had the highest volume of positions during all times. Its total volume was more than 18.5 M USD. This is the total volume of 17 positions that it made on GMX. It is interesting to say that, this wallet did the least number of transactions and paid the least amount as fee, among other top wallets. It paid most amount of fee for decreasing positions.

==‘0x2a…752’== is the second wallet with highest volume of positions during all times. Its total volume was more than 15 M USD. This is the total volume of 44 positions that it made on GMX. It paid an equal amount of fee for decreasing and increasing positions.

==‘0x54…b45’== is the third wallet with highest volume of positions during all times. Its total volume was more than 13.6 M USD. This is the total volume of 92 positions that it made on GMX. It paid an equal amount of fee for decreasing and increasing positions.

==‘0x12…ccd’== is the 7th wallet with highest volume of positions during all times, but this wallet had the highest count of positions among other top wallets. This wallet also paid the highest amount of fee for its transactions which most of them was increasing positions.

If we check the count of positions of these top 15 wallets based on asset, we can see that most number of positions were on WETH and USDC, respectively. All the positions on USDC belonged to increasing positions, while number of increasing and decreasing positions on WETH, was very close to each other.

In the volume chart, you can see that more than 98% of volume of positions for these top 15 wallets, belongs to USDC asset.

In the below charts, I filtered the top 5 wallets and checked their activity in the daily charts:

The top wallet, did all the transactions in Sep 2022.

==‘0x2a…752’== as the second wallet that had the highest volume of positions during all times, did the positions with the highest volume on August 2022.

The wallet in the third rank, did all its transactions during August and the highest volumes were in the last week of August.

In the second chart, you can see the total number of positions in each day for these top 5 wallets. We can see that in most of the days, number of decreasing positions was bigger than number of increasing positions.

These 5 wallets, made the highest number of decreasing and increasing positions on July 29th. From June to July, count of positions that these top 5 made, increased sharply, but after that date, this parameter decreased sharply.

WETH, was the asset that these top 5 wallets made most of their positions on it in most of the days. USDC was the second popular asset between these top 5 wallets based on number of positions.

These top 5 wallets, made positions on WBTC, 6 times in total. This number for USDT was only 2 times.

In the last chart you can see the daily volume of positions for these top 5 wallets. Based on that, USDC had the highest volume for the top 5 trader on GMX. These traders, traded the most volume of USDC, during Sep 2022.