Question

Last week, wrapped AVAX (WAVAX) was listed on Osmosis and seeded with liquidity via Pool 899 (OSMO/WAVAX).

Analyze WAVAX activity over its first week of trading on Osmosis. How does WAVAX trading on Osmosis compare to native swaps on Avalanche?

Hint: leverage Flipside's Avalanche tables to complement your analysis.

WAVAX

WAVAX or Wrapped AVAX is an ERC-20 compatible wrapper contract around the AVAX token.

On Avalanche's C-Chain, AVAX is treated just like standard ETH is on Ethereum. This means that AVAX lacks the standardized interfaces that make ERC-20 tokens so interchangeable. WAVAX corrects this by issuing one ERC-20 WAVAX token for each AVAX deposited. Each WAVAX is then redeemable for an equal amount of AVAX.

WAVAX is based on the implementation of Canonical WETH developed by the Ethereum community

Osmosis

A Fully Customizable, Cross-Chain AMM Built on Cosmos

Osmosis is a fully-customizable AMM that allows developers to build truly unique liquidity pools, and build and deploy custom AMMs that can quickly adjust to changing market conditions

Osmosis is an automated market maker (AMM) built on Cosmos that enables cross-chain transactions through Inter-Blockchain Communication (IBC). This gives the protocol an added layer of interoperability and composability. Unlike most existing AMMs, Osmosis is deeply customizable and allows developers to leverage many different changeable parameters to build truly unique AMMs that can dynamically fit a variety of outcome goals. Ultimately, Osmosis enables developers to design and deploy custom AMMs that can quickly adjust to changing market conditions and allow market participants to decide which iterations provide the most optimal results, rather than relying on the protocol itself.

analysis

Transfer

As it can be seen from the data, the dollar volume of WAVAX transfer on January 28 was very high compared to other days, which caused the rapid growth of the Cumulative transfer volume WAVAX in osmosis chart. has been

Withdrawals ,Deposits ,TVL

SWAPS

Summary

• Osmosis is much less popular compared to other Dexs for the Avalanche network
• WAVAX transfer on January 28 was very high compared to other days
• Deposits are always more than
• Most of the time, NET SWAP has been negative With the exception of February 3
• NET VOLUME SWAPPED has always been negative
• From February 2 onwards, both the volume and the number of swaps are decreasing

Most of the time, NET SWAP has been negative With the exception of February 3, when NET SWAP was 35

On January 27, NET USD VOLUME It has been more

During the specified period, NET VOLUME SWAPPED has always been negative NET SWAP VOLUME in Avalanche is more than Osmosis But the average daily swap is higher in Osmosis

How does WAVAX trading on Osmosis compare to native swaps on Avalanche?

SushiSwap ranks first among the DEXs for the Avalanche network with a volume of 2,785,140.

Osmosis is much less popular compared to other Dexs for the Avalanche network