Introduction

Stargate is a series of enhancements that completes the Cosmos Whitepaper's initial plan. Cosmos blockchains will be able to communicate with each other for the first time ever utilizing the first defined protocol for inter-blockchain communication (IBC).

Methodology

The algorithm looks into the origin address and counts them per day of the users who have deposited capitals in the stargate contract. The data is charted on daily basis to see the trend after inception.

This lists the data that is analyzed here. The amount staked and the tokens that are used for staking the capital in the stargate are unavailable in the Ethereum dataset.

The number of users who stake their capital assets in the stargate contract address is charted here.The daily number of users listed here where the count of a single user who stakes more than once in a day is also counted as 1.

The trend in the number of users staking is seen here. The graph is drastically decreasing which indicates that the protocol is facing a downward growth in terms of the staking users. The amount staked is also necessary to account for the stability of the contract among the users.

Conclusion

Stargate is a community-driven group working to create the first completely composable native asset bridge and the first LayerZero-based dApp.