Method :

• I used arbitrum.core.fact_event_logs and following filters for extracting GMX data.

  • lower(contract_address) = lower ('0xaBBc5F99639c9B6bCb58544ddf04EFA6802F4064')
  • event_name = 'Swap'

• I used ethereum.core.fact_hourly_token_prices for extracting Token prices swapped from/to on GMX.

• I used arbitrum.core.fact_transactions for extracting GMX swap transaction fees.

  
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Past month :

• The number of swaps has been increasing over time and reached its peak on September 6. And then it has been decreasing.
• The total number of swaps in the last month reaches 43.6 swaps.
• The total number of swappers reaches 16.7 users.

Past 3 months :

• The number of swaps increased from July 17 to July 29, reaching 12,000 swaps on the same date, and then sharply decreasing to less than 100 swaps per day.
• The total number of swaps in the last three months reaches 106,000 swaps, and the total number of swappers has been more than 37,000 users in the same period of time.

Past month :

• The volume of swaps has been increasing over time and reached $17.8 million on September 7, and then decreased.
• The total volume of swaps from Token WETH, which is about 64 million dollars, is more than other tokens, and the total volume of swaps to Token USDC, which is about 67 million dollars, is more than other tokens.

Past 3 months :

• The volume of swaps has been increasing over time and reached 17.8 million dollars on September 7. In general, it can be said that the volume of swaps in the last one month was more than the last two months. The total volume of swaps in the last three months reached 222 million dollars.

Past month :

• The number of swaps of token WETH has been more than other tokens over time. After that, the USDC token is in second place. The number of swaps to the USDC token has been higher than other tokens over time, which shows the desire of traders to liquidate their assets, after which the USDT token is in second place. The volume of swaps from WETH to other tokens has been higher with a large difference over time, which shows that users have been willing to sell their ETH in the past month. The volume of swaps to USDC has also been higher than other tokens over time.

Past 3 months :

• The number of swaps from WETH to other assets has been higher over time, and on June 28th and 29th, the number of swaps reached a 3-month high. and then decreased. The number of swaps to USDC has been very high during the last three months, and exactly on the same two days of June 28 and 29, the number of swaps has increased significantly, which can be concluded that users have swapped their WETHs to USDC.

Past month :

• The number of new users who have used GMX has increased over the past month until September 6th, reaching 4556 new users on the same date, and then sharply decreased.

Past 3 months :

• The number of new users also increased significantly on June 27 and 28, and then decreased sharply, and from September 4 to September 6, the number of new users increased again.

Past month :

• 55% of the swaps were transactions with a value of less than 10 dollars.
• 12.6% of swaps were transactions with a value between 10 and 50 dollars.
• 56% of swappers have swapped less than 10 dollars.
• 14.8% of swappers have swapped assets between 10 and 50 dollars.

past 3 months :

• 29.2% of the swaps were transactions with a value of less than 10 dollars.
• 23.8% of swaps were transactions with a value between 10 and 50 dollars.
• 29.4% of swappers have swapped less than 10 dollars.
• 27.8% of swappers have swapped assets between 10 and 50 dollars.

Past month :

• 61% of trades were with long position and 38% with short position.
• About 54% of traders have long positions and 46% have short positions.

Past 3 months :

• 60.3% of trades were with long position and 39.7% with short position.
• About 54% of traders have long positions and 46% have short positions.

Past Month :

• The interest on swaps transactions has been increasing over time and reached its peak on September 6.
• The total fee paid in the last month is 3.95 ether equivalent to 6400 dollars.

Past 3 months :

Generated transaction fees have increased in a strange way on June 29, which can be considered related to the problems of the Arbitrum network, and after that it has decreased sharply. Total generated transaction fees in the last 3 months is equal to 47.6 ETH is equivalent to 57 thousand dollars.

Concolusion :

From the above analysis, we obtained the following results:

Past month :

1. The number of swaps has been increasing over time and reached its peak on September 6. And then it has been decreasing.
2. The total number of swaps in the last month reaches 43.6 swaps.
3. The total number of swappers reaches 16.7 users.
4. The volume of swaps has been increasing over time and reached $17.8 million on September 7, and then decreased.
5. The total volume of swaps from Token WETH, which is about 64 million dollars, is more than other tokens, and the total volume of swaps to Token USDC, which is about 67 million dollars, is more than other tokens.
6. The number of swaps of token WETH has been more than other tokens over time. After that, the USDC token is in second place. The number of swaps to the USDC token has been higher than other tokens over time, which shows the desire of traders to liquidate their assets, after which the USDT token is in second place. The volume of swaps from WETH to other tokens has been higher with a large difference over time, which shows that users have been willing to sell their ETH in the past month. The volume of swaps to USDC has also been higher than other tokens over time.
7. The number of new users who have used GMX has increased over the past month until September 6th, reaching 4556 new users on the same date, and then sharply decreased.
8. 55% of the swaps were transactions with a value of less than 10 dollars.
9. 12.6% of swaps were transactions with a value between 10 and 50 dollars.
10. 56% of swappers have swapped less than 10 dollars.
11. 14.8% of swappers have swapped assets between 10 and 50 dollars.
12. 61% of trades were with long position and 38% with short position.
13. About 54% of traders have long positions and 46% have short positions.
14. The interest on swaps transactions has been increasing over time and reached its peak on September 6.
15. The total fee paid in the last month is 3.95 ether equivalent to 6400 dollars.

Past 3 months :

1. The number of swaps increased from July 17 to July 29, reaching 12,000 swaps on the same date, and then sharply decreasing to less than 100 swaps per day.
2. The total number of swaps in the last three months reaches 106,000 swaps, and the total number of swappers has been more than 37,000 users in the same period of time.
3. The volume of swaps has been increasing over time and reached 17.8 million dollars on September 7. In general, it can be said that the volume of swaps in the last one month was more than the last two months. The total volume of swaps in the last three months reached 222 million dollars.
4. The number of swaps from WETH to other assets has been higher over time, and on June 28th and 29th, the number of swaps reached a 3-month high. and then decreased. The number of swaps to USDC has been very high during the last three months, and exactly on the same two days of June 28 and 29, the number of swaps has increased significantly, which can be concluded that users have swapped their WETHs to USDC.
5. The number of new users also increased significantly on June 27 and 28, and then decreased sharply, and from September 4 to September 6, the number of new users increased again.
6. 29.2% of the swaps were transactions with a value of less than 10 dollars.
7. 23.8% of swaps were transactions with a value between 10 and 50 dollars.
8. 29.4% of swappers have swapped less than 10 dollars.
9. 27.8% of swappers have swapped assets between 10 and 50 dollars.
10. 60.3% of trades were with long position and 39.7% with short position.
11. About 54% of traders have long positions and 46% have short positions.
12. Generated transaction fees have increased in a strange way on June 29, which can be considered related to the problems of the Arbitrum network, and after that it has decreased sharply. Total generated transaction fees in the last 3 months is equal to 47.6 ETH is equivalent to 57 thousand dollars.