DEX Change [Osmosis]

    This week has highlighted the need for transparency & decentralization in crypto markets. Let's see how users have reacted to this wild week in Web3. Have behaviors changed? Analyze growth in Osmosis Volumes & User Count this week. Has more money flowed into Osmosis this week compared to the past few weeks/months? Where is this money coming from? Centralized Exchanges? Have wallets moved more into stables?

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    This line chart shows the daily variation in the volume of swaps before and after FTX/Alameda collapse.

    • The daily variation of the volume of swaps before FTX/Alameda collapse shows a rather fluctuating trend.
    • The daily variation of the volume of swaps after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1.63M).

    The pie chart show the distribution of the swaps volume during FTX/Alameda collapse.

    • The distribution of the swaps volume during FTX/Alameda collapse is as follows
      • less than 10 USD: 1.14M, 42.3%
      • 10-100 USD: 764.9K, 28.3%
      • 100-1000 USD: 653.7K, 24.2%
      • more than 1000 USD: 142.3K, 5.3%

    Acknowledgment and supplementary Information

    • I would like to show my sincere gratitude to the author of the following dashboard 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

    This pie chart shows the distribution of the transactions volume of the most popular money sender to Osmosis during FTX/Alameda collapse via Axelar satellite bridge.

    • The distribution of the transactions volume of the 3 most popular money senders to Osmosis during FTX/Alameda collapse Axelar Satellite bridge is as follows:
      • axelar1y7087…5dzzgs: 275.8K, 63.1%
      • axelar1z85de…yuj9pr: 47.4K, 10.8%
      • axelar1u47dt…grv289: 31.8K, 7.3%

    This chart shows the distribution in the volume of incoming and outgoing transfers to Osmosis during FTX/Alameda collapse.

    • The distribution in the volume of incoming and outgoing transfers to Osmosis during FTX/Alameda collapse is as follows:
      • IBC-transfer in: 50.4M, 46.9%
      • IBC-transfer out: 57.06M, 53.1%

    These charts show the daily variation and distribution of the swap users according to their type during FTX/Alameda collapse.

    • The daily variation of the swap users according to their type during FTX/Alameda collapse shows a rather fluctuating trend.
    • The distribution of the swap users according to their type during FTX/Alameda collapse is as follows:
      • Non stablecoins swaps: 771.5K, 71.6%

      • Swap to stablecoins: 198.6K, 18.4%

      • Swap from stablecoins: 107.1K, 9.95%

    These charts show the daily variation and distribution of the swap transactions according to their type during FTX/Alameda collapse.

    • The daily variation of the swap transactions according to their type during FTX/Alameda collapse shows a rather fluctuating trend.
    • The distribution of the swap transactions according to their type during FTX/Alameda collapse is as follows:
      • Non stablecoins swaps: 2.36M, 69.3%

      • Swap to stablecoins: 589.44K, 17.3%

      • Swap from stablecoins: 456.01K, 13.4%

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    This chart shows the distribution in the number of incoming and outgoing transfers to Osmosis during FTX/Alameda collapse.

    • The distribution in the number of incoming and outgoing transfers to Osmosis during FTX/Alameda collapse is as follows:
      • IBC-transfer in: 1.4M, 54.3%
      • IBC-transfer out: 1.2M, 45.7%

    Introduction

    Decentralized exchanges (DEX) have become so cookie-cutter that you can barely tell them apart. I mean, can you even tell the difference between Quickswap and Sushiswap? The truth is that most DEXs are just copies of the Uniswap automated market maker (AMM) protocol—just slightly altered versions of the same liquidity formula. Liquidity providers on Ethereum have a lot of choice in terms of which DEX to stake their cryptos, but not as much when it comes to how their cryptos are utilized once they're in a liquidity pool. Osmosis is a decentralized exchange that wants to change that by enabling the creation of iterative self-governing liquidity pools where there's no one-size-fits-all solution to liquidity. Osmosis is not only a DEX, but is a standalone blockchain made to host a protocol for creating liquidity pools with unique AMM parameters. Customizable liquidity pools, low fees, and interoperability are what make Osmosis such a competitive crypto exchange. Here's how it all works.

    The OSMO token is the main governance token of the Osmosis Protocol as well as the native currency of the Osmosis blockchain. Osmosis is a proof of stake blockchain, which means validator nodes must have a certain amount of OSMO staked to confirm transaction blocks. Being a validator means taking responsibility for the network's security, so those who don't have the resources to do that can also delegate their OSMO to another validator and earn part of their rewards.

    Osmosis is the biggest IBC blockchain by transfer volume because it's both a standalone blockchain and the biggest DEX in the Cosmos Hub ecosystem. To use Osmosis, you'll first need to install a Web3 wallet that's compatible with Cosmos—The Keplr browser wallet for Chrome is highly recommended. Then, since OSMO is not currently available to buy on centralized exchanges like Kraken, you'll need to transfer some ATOM crypto into your Keplr Cosmos wallet. []

    Methodology

    The data in this analysis is obtained from the following tables:

    • osmosis.core.fact_swaps
    • osmosis.core.dim_prices
    • ethereum.core.fact_hourly_token_prices
    • osmosis.core.dim_labels
    • osmosis.core.fact_transfers
    • axelar.core.fact_transfers

    Aim of this dashboard:

    This review aims to investigate users’ behavior, swap, and transfer trends as well as transaction number and volume variations on Osmosis in order to show the reaction of users to the wild week in Web3.

    Results and discussion

    This chart shows the daily variation in the number of swap transactions before and after FTX/Alameda collapse.

    • The daily variation of the number of swap transactions before FTX/Alameda collapse shows a rather fluctuating trend.
    • The daily variation of the number of swap transactions after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (3491).

    This chart shows the daily variation in the number of swap users before and after FTX/Alameda collapse.

    • The daily variation of the number of swap users before FTX/Alameda collapse shows a rather fluctuating trend.
    • The daily variation of the number of swap users after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1178).

    This chart shows the daily variation in the number of incoming transfers to Osmosis before and after FTX/Alameda collapse.

    • The daily variation of the number of incoming transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.
    • The daily variation of the number of incoming transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1686).

    This chart shows the daily variation in the number of outgoing transfers to Osmosis before and after FTX/Alameda collapse.

    • The daily variation of the number of outgoing transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.
    • The daily variation of the number of outgoing transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1431).

    This chart shows the daily variation in the volume of incoming transfers to Osmosis before and after FTX/Alameda collapse.

    • The daily variation of the volume of incoming transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.
    • The daily variation of the volume of incoming transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min volume on 16 Nov (77.3K).

    This chart shows the daily variation in the volume of outgoing transfers to Osmosis before and after FTX/Alameda collapse.

    • The daily variation of the volume of outgoing transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.
    • The daily variation of the volume of outgoing transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min volume on 16 Nov (169.03K).

    This pie chart shows the distribution of the transactions number of the most popular money sender to Osmosis during FTX/Alameda collapse.

    • As far as the distribution of the transactions number of the most popular money senders to Osmosis during FTX/Alameda collapse is concerned, bostrom1rl7lksuzayz5j0u0p35ezrw95czp3gyt4emcwf has the upper hand by far (15016, 64.8%)

    This pie chart shows the distribution of the transactions volume of the most popular money sender to Osmosis during FTX/Alameda collapse.

    • The distribution of the transactions volume of the 3 most popular money senders to Osmosis during FTX/Alameda collapse is as follows:
      • stars1u75hcv…7k67pr6q: 1.28M, 24.5%
      • stars18qw9y…vygx0d08: 1.01M, 19.3%
      • stars14snerz…4gqh844: 809.55K, 15.5%

    This pie chart shows the distribution of the transactions number of the most popular money sender to Osmosis during FTX/Alameda collapse via Axelar Satellite bridge.

    • The distribution of the transactions number of the 3 most popular money senders to Osmosis during FTX/Alameda collapse Axelar satelite bridge is as follows:
      • axelar1565t6…s5qf8m: 173, 18.6%
      • axelar18ptp0…jhk8du: 166, 17.9%
      • axelar1gj77t…a7jq5l: 801329.55K, 14.2%

    Summary

    • This review aims to investigate users’ behavior, swap, and transfer trends as well as transaction number and volume variations on Osmosis in order to show the reaction of users to the wild week in Web3.

    • The daily variation of the number of swap transactions before FTX/Alameda collapse shows a rather fluctuating trend.

    • The daily variation of the number of swap transactions after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (3491).

    • The daily variation of the number of swap users before FTX/Alameda collapse shows a rather fluctuating trend.

    • The daily variation of the number of swap users after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1178).

    • The daily variation of the volume of swaps before FTX/Alameda collapse shows a rather fluctuating trend.

    • The daily variation of the volume of swaps after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1.63M).

    • The distribution of the swaps volume during FTX/Alameda collapse is as follows

      • less than 10 USD: 1.14M, 42.3%
      • 10-100 USD: 764.9K, 28.3%
      • 100-1000 USD: 653.7K, 24.2%
      • more than 1000 USD: 142.3K, 5.3%
    • The daily variation of the swap transactions according to their type during FTX/Alameda collapse shows a rather fluctuating trend.

    • The distribution of the swap transactions according to their type during FTX/Alameda collapse is as follows:

      • Non stablecoins swaps: 2.36M, 69.3%

      • Swap to stablecoins: 589.44K, 17.3%

      • Swap from stablecoins: 456.01K, 13.4%

    • The daily variation of the swap users according to their type during FTX/Alameda collapse shows a rather fluctuating trend.

    • The distribution of the swap users according to their type during FTX/Alameda collapse is as follows:

      • Non stablecoins swaps: 771.5K, 71.6%

      • Swap to stablecoins: 198.6K, 18.4%

      • Swap from stablecoins: 107.1K, 9.95%

    • The daily variation of the number of incoming transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.

    • The daily variation of the number of incoming transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1686).

    • The daily variation of the number of outgoing transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.

    • The daily variation of the number of outgoing transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min number on 16 Nov (1431).

    • The distribution in the number of incoming and outgoing transfers to Osmosis during FTX/Alameda collapse is as follows:

      • IBC-transfer in: 1.4M, 54.3%
      • IBC-transfer out: 1.2M, 45.7%
    • The daily variation of the volume of incoming transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.

    • The daily variation of the volume of incoming transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min volume on 16 Nov (77.3K).

    • The daily variation of the volume of outgoing transfers to Osmosis before FTX/Alameda collapse shows a rather fluctuating trend.

    • The daily variation of the volume of outgoing transfers to Osmosis after FTX/Alameda collapse shows a significantly decreasing trend and reached its min volume on 16 Nov (169.03K).

    • The distribution in the volume of incoming and outgoing transfers to Osmosis during FTX/Alameda collapse is as follows:

      • IBC-transfer in: 50.4M, 46.9%
      • IBC-transfer out: 57.06M, 53.1%
    • As far as the distribution of the transactions number of the most popular money senders to Osmosis during FTX/Alameda collapse is concerned, bostrom1rl7lksuzayz5j0u0p35ezrw95czp3gyt4emcwf has the upper hand by far (15016, 64.8%)

    • The distribution of the transactions volume of the 3 most popular money senders to Osmosis during FTX/Alameda collapse is as follows:

      • stars1u75hcv…7k67pr6q: 1.28M, 24.5%
      • stars18qw9y…vygx0d08: 1.01M, 19.3%
      • stars14snerz…4gqh844: 809.55K, 15.5%
    • The distribution of the transactions number of the 3 most popular money senders to Osmosis during FTX/Alameda collapse Axelar Satellite bridge is as follows:

      • axelar1565t6…s5qf8m: 173, 18.6%
      • axelar18ptp0…jhk8du: 166, 17.9%
      • axelar1gj77t…a7jq5l: 801329.55K, 14.2%
    • The distribution of the transactions volume of the 3 most popular money senders to Osmosis during FTX/Alameda collapse Axelar Satellite bridge is as follows:

      • axelar1y7087…5dzzgs: 275.8K, 63.1%
      • axelar1z85de…yuj9pr: 47.4K, 10.8%
      • axelar1u47dt…grv289: 31.8K, 7.3%