INTRODUCTION

Osmosis is a multi-chain DEX that was created with the Cosmos ecosystem's other blockchains in mind. By using its Inter-Blockchain Communication protocol, communication with these other blockchains is made possible (IBC). Because Osmosis is connected to other Tendermint blockchains, smooth, quick exchanges are possible.

In liquidity pools, asset values are established using mathematical procedures that might vary depending on the liquidity pool. Users are encouraged to take on the role of LPs in order to share in the pool's transaction fees. Osmosis offers various incentive programs for LPs in the form of OSMO (the native Osmosis token) and other tokens based on the liquidity pools' offerings. The OSMO token serves as the basis pair for the majority of liquidity pools and is utilized for staking, governance, and paying transaction fees. Osmosis enables the formation of liquidity pools with more than two assets as well as pools with customizable weights, allowing one asset's total value to be larger than the other. In order to provide liquidity incentives to LPs who have agreed to bond for a specific period of time, liquidity pools also utilize bonded liquidity gauges, which were developed by Balancer.

BOUNTY:

Last week we analyzed how users join pools, single or double-sided, which showed that most users join two-sided. This means that most users are already engaged within the Osmosis ecosystem.

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Let's analyze a typical user journey through Osmosis. Analyze the following:

• The most common ways of entering Osmosis (Axelar (Satellite) or elsewhere)
• The most common asset transferred into Osmosis for first transfer

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Stay or leave:

• What do wallets do when they first come to Osmosis?
• Join to swap and then transfer that asset out?
• Join to stake OSMO?
• Join to swap and then LP?
• Which assets are most commonly swapped for and transferred out?
• Which assets are most commonly swapped for and then LP'd?

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METHODOLOGY

Initially, the new users and the actions done by the new users are charted by considering how the growth of new users is there in each activity. This is done by considering the fact_transactions of the osmosis core database. Then the trend of the new users in the Osmosis network over time is charted with time. Now, the transactions to other chains from the Osmosis networks are charted by taking into account only the IBC transfers. This is also done for the chains which transacted into the Osmosis Network where the trend as well as the chain is considered and charted. After this, the swap activity in the network is charted with the project names and taking the count of the Swapping activity. Then the assets are considered which are used to transfer in the Osmosis network. Then the Liquidity pools in the network are considered and their activity is charted which includes the count and the trend over time. Now, the two transfer types in the network are also compared along with the first actions of the New users. With these insights, the answers to the bounty could be grasped along with the overview of the activity of the users in the Osmosis Network.

Actions done by the New Users in the Osmosis Network over time is charted here and hence it is seen that Swaps has the highest number of events done as the initial actions. It is also seen that the liquidity provider actions has the lowest events done while staking and transfer has the next highest number of events done as the new users in the Osmosis Network.

The trend line is charted with time here and it is seen that during the initial months of the previous year, there is a hike in the activities of the users in the Osmosis network but in recent days the volume has decreased very low and in that swap, action has maintained the highest in the new users in the network.

The transactions happened in the network to other chains is charted here.

This is the chart that shows the top 10 chains to which the user in the Osmosis Users have done IBC transfers and it is seen that apart from Cosmos, Juno is the chain which has received the highest transactions .

The pie diagram to the right is the opposite in theory of the above mentioned one where the Transfers into the OSMO network from other chains are charted with the top 10 chains involved in making up the transactions. It is seen that evmos has made the highest number of transactions in this concept and stars holds the second place among the top 10 chains.

The chart to the left indicates the total swappers along different assets in the Osmosis network over time and it is seen that OSMO is the token that is involved the most in swapping with other tokens too. The trendline is charted to see how each asset behaves with the swaps and in recent days only OSMO, ATOM and USDC were used for a considerable number of swaps.

The top 5 Assets that are transferred into the Osmosis network are charted here and it is seen that “uatom” is the highest transferred token in the Osmosis network. and “aevmos” is the second highest. “uatom” could account for almost 75% of the total transactions done in the network.

The Liquidity Actions in the Osmosis network over time is chared here and it is seen that in the recent days the Liquidity provided has gone drastically low in the pools while the highest was during the mid of the last year.

The chart here compares the transfer type which has made the highest transactions in the network where the IBC transfer out and the Osmosis networks are compared and it is clear that it’s in the ratio of 49:51 in percentage and hence is more or less have the same impact on the users.

INFERENCE

The most common chains from which users are transferring assets to Osmosis are ATOM and EVMOS, as seen in the figures above for IBC transfers to Osmosis. This suggests that both chains are well-represented among Osmosis users and are popular sources of liquidity for the platform. Although the cause of this reduction is unknown, there have been fewer transfers from ATOM to Osmosis over time. Osmosis receives transfers from a variety of sources, including ATOM and EVMOS, which account for a fraction of all transactions to the platform. Charts detailing new Osmosis users and their initial activity after signing up show what The most common activity is swapping. Swapping among users who have joined the Osmosis ecosystem is the first activity that more than 60% of all new Osmosis users opt to do (both overall and as their First action). Transferring Assets Out of the Osmosis Ecosystem ranks second among the most common activities, while Liquidity Providing (LP) acts come in third. Staking $OSMO is the second most common action taken by new users after joining the Osmosis ecosystem, and acts linked to governance and internal asset transfers account for a small portion of all actions. Therefore, we may draw the conclusion that Osmosis's Swap activity is very well-liked because consumers quickly carry out this action after joining the Osmosis environment for the first time.

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