Try Quests to earn cryptoBAYC and Ape Staking [Ethereum]
In light of the Bored Ape Yacht Club's introduction of Staking, provide an analysis on the token and project. Provide data on APE token distribution in March 2022 and show how the activity has evolved since. Share analysis on future emissions schedule. How have the first hours of APE staking been? How do the staking rewards for each pool compare? Provide any relevant data. BONUS: Show the BAYC community what you’ve uncovered. Share your dashboard and tag @BoredApeYC and @flipside on Twitter.
> # Summary > > # This dashboard aims to investigate the Bored Ape Yacht Club and APE token in terms of transferring transactions, users, and volume as well as staking/unstaking behaviors after claim airdrop. > >
> > # General metrics about APE airdrop is presented as follows: > > * Total Dropped/Total Supply: 15% > * Total Claimed Drop Volume / Total Drop Volume: 96% > * Total Claimed Drop Volume: 144.035M > * Total Unclaimed Drop Volume: 5.964M > * Total Drop Claiming Transactions Number: 16.402K > * Total Drop Claimers: 15.024K > >
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> # Airdrop users were mostly active at the first days of airdrop(in terms of transferring transactions and users number as well as volume) . The most popular drop claimer according to the claimed volume is 0x54be3a794282c030b15e43ae2bb182e14c409c5e (1.44M).
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> # The most popular destinations of the APE transferring according to the nu according to number of transactions and users is uniswap. As far as the transaction volume (USD and APE) is concerned, Binance has the upper hand
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> > # Most of the APE stake actions are conducted in the first hours of its launch, and the hourly variation of stake transactions and users number as well as stake volume (APE or USD) shows a significantly decreasing trend for all of the deposit types with some spikes. Most of the APE unstake actions are conducted on the 6 Dec > >
> > # Overall, the stake activity is higher than unsatke activities and the NET volume (in APE or USD) mostly possessed the positive amounts which in turn means the priority of stake activity after 5 Dec. However, the trend is overall decreasing after 6 Dec. > >
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> # It must be pointed out that APECoin pool has the upper hand by far among other pools by far (in terms of stake transations and users number as well as the stake volume in APE or USD).
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Regarding the comparison between the hourly variation of the stake and unstake transactions volume, it can be concluded that overall the stake activity is higher than unsatke activities and the NET volume (in APE or USD) mostly possessed the positive amounts which in turn means the priority of stake activity after 5 Dec. However, the trend is overall decreasing after 6 Dec. It must be pointed out that the APECoin pool has the upper hand among other pools as far as the net volume (in APE or USD) is concernd.
It can be seen that airdrop users were mostly active (in terms of transferring transactions and users number as well as volume) at the first days of airdrop, in fact more than 265.7M APE token is transferred on Mar 17th. The most popular drop claimer according to the claimed volume is 0x54be3a794282c030b15e43ae2bb182e14c409c5e (1.44M).
Introduction
The Bored Ape Yacht Club (BAYC) is a collection of 10,000 profile picture-type Non-Fungible Tokens (NFTs) living on the Ethereum blockchain. The Bored Ape Yacht Club NFTs were created by a smart contract that randomly chose from more than 170 traits to generate 10,000 unique cartoon apes. Those traits were divided among seven different artistic components of each ape (background, clothes, earring, eyes, fur, hat, and mouth), with certain ones being more uncommon than others. For instance, only 69 apes have “laser eyes” whereas more than 1,700 have “bored eyes.” This semi-random, computer-defined rarity is part of the appeal to collectors of generative art projects like the BAYC. What has distinguished BAYC from other NFT projects has been its strong sense of community and consistent generation of new content. From its members-only, digital community graffiti board called THE BATHROOM (similar to Reddit’s r/place) to airdrops of related NFTs like the Bored Ape Kennel Club, BAYC took a collection of digital art and made it into a global brand. Along with CryptoPunks, the BAYC NFTs epitomized the popularity of non-fungible tokens (NFTs) in 2021. Each ape NFT could be minted for only 0.08 ETH—around $200 at the time—during the project’s fair launch, meaning that anyone interested in an Ape could participate in the minting process. The popularity of the project soon drove up its prices on the open market, with the price of a single ape reaching as high as 150 ETH (worth more than $422,000 at the time).
The BAYC was created by four pseudonymous founders who call themselves Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass. The BAYC launch was on April 30, 2021, and all 10,000 apes were minted within 12 hours. Since then, Yuga Labs (the company behind the BAYC, named after a villain from the video game Zelda who—appropriately—can turn enemies into 2D art) has developed the BAYC brand into a burgeoning ecosystem that includes NFT collections, a cryptocurrency, and even a metaverse project. Yuga Labs has secured funding from multiple venture capital sources, including a $450 million in a March 2022 seed funding round which valued the company at $4 billion. Participants included crypto VC firm a16z, game developer Animoca Brands, crypto exchange FTX, NFL star Colin Kaepernick, and rap artist Snoop Dogg. BAYC is operated by two other entities, the ApeCoin decentralized autonomous organization (DAO) and the APE Foundation. The ApeCoin DAO governs the regulation of ApeCoin, the native token of the BAYC-inspired ecosystem, and it consists of all holders of the APE token. The DAO’s governance votes are enacted by the APE Foundation, who administers the day-to-day operations and management of projects supported by the community. []
Methodology
In this dashboard, the data is obtained from the following tables:
ethereum.core.fact_token_transfersethereum.core.fact_event_logsethereum.core.fact_hourly_token_pricesethereum.core.dim_labels
Aim of this analysis:
This dashboard aims to investigate the Bored Ape Yacht Club and APE token in terms of transferring transactions, users, and volume as well as staking/unstaking behaviors after claim airdrop.
The above table shows some general metrics about APE airdrop as follows:
- Total Dropped/Total Supply: 15%
- Total Claimed Drop Volume / Total Drop Volume: 96%
- Total Claimed Drop Volume: 144.035M
- Total Unclaimed Drop Volume: 5.964M
- Total Drop Claiming Transactions Number: 16.402K
- Total Drop Claimers: 15.024K
The most popular destinations of the APE transferring according to the nu according to number of transactions and users is uniswap. As far as the transaction volume (USD and APE) is concerned, Binance has the upper hand among the top 20 most popular destinations and uniswap possesses the second position in this matter.
Most of the APE stake actions are conducted in the first hours of its launch, and the hourly variation of stake transactions and users number as well as stake volume (APE or USD) shows a significantly decreasing trend for all of the deposit types with some spikes. It must be pointed out that APECoin pool has the upper hand by far among other pools by far (in terms of stake transations and users number as well as the stake volume in APE or USD).
Acknowledgment and supplementary Information
- I would like to show my sincere gratitude to the authors of the following dashboards (0xHaM☰d) that helped me very much indeed to do my own analysis: *
- Author: NSA2000
- Twitter of the Author: @NSA2000C
- Discord of the Author: NSA2000#5651
- Data from FlipsideCrypto
- Link to this dashboards tweet: