Try Quests to earn NEARInsights
The two graphs on the left show the overall statistics related to Luna's staking process without taking into account the action. The ratio graph shows the ratio of statistics one week after the announcement compared to the week before the announcement.
As we can see, the volume of the staking process has increased by 2.75 times in the week after the announcement. The number of users of the staking process has increased by 1.4 times and the number of transactions of the staking process has also increased by 1.4 times. Also, the number of network validators has increased by about 4%.
Insights
The above graphs examine the staking process in general based on daily data and in terms of actions performed.
- the increase in the volume of the staking process can be seen in the early days after the announcement, and it reached its highest value on the day after the announcement (January 15). On January 15th and 18th, more than 2.5 million Lunas were circulated in the staking process.
- In the first three days after the announcement, a significant jump can be seen in the number of users, the number of transactions, and the number of active validators in the staking process.
- On January 15th (one day after the announcement), the largest number of active users, transactions and validators can be seen.
- It seems that after the announcement of the launch of the station, users were more inclined to Restake their rewards and the share of this action was higher in the week after the announcement.
- The highest amount of Luna steaks was in the week after the announcement, and the highest amount of Luna Unstakes was made in the week before the announcement.
- The number of users and the number of stick transactions during these two weeks were more than the other two actions and reached the highest number on January 15th.
- In the week after the announcement, the number of validators that have been Unstake has increased. On January 15, withdrawals have been made in 124 validators.
Insights
The above graphs show the total and ratio statistics based on the action in the staking process in terms of time periods. The ratio charts shows the amount of change in the data of the week after the announcement compared to the previous week.as we see: Stake volume→ %53
Number of stakers→ %21
Stake Transactions→ %21
increased in the week after the announcement.Also, the validators with whom the Luna token has been staked have not changed during these two weeks.
Unstake volume→ %0
Number of Unstakers→ %120
Stake Transactions→ %120
Validators from which the Luna token has been withdrawn have increased by about 8%.
Restake volume→ %560
Number of Restakers→ %30
Restake Transactions→ %33
Validators from which the Luna token has been Restake have increased by about 12%.
Insights
The two graphs above and the graph on the left show the new users who joined the staking service of the Terra ecosystem during the time period in question. According to these three graphs, the number of new users who joined the staking process was higher in the week after the announcement. According to these graphs, the amount of Luna staked by new users increased by 42% in the week after the announcement, and the number of Luna stakers increased by 17% in the week after the announcement.
The most staking users who joined the Terra ecosystem was on January 15, when they staked more than 110,000 Lunas.
As we can see, in the first three days of the announcement of the launch of the station, the number of stakers and the amount of Luna staked have increased significantly.
Insights
The charts above show the distribution of Luna's value based on the actions performed during the time periods in question. According to these charts:
In the week since the announcement, the number of users who have staked Luna in the Terra ecosystem has increased from 1 to over 10,000. as we see:
- Users who have staked more than 10,000 Lunas in the week after the announcement reached 6 addresses.
- In the week after the announcement, withdrawals between 100 and 1,000 Luna increased by 163%, and withdrawals above 10,000 Luna increased from 6 users to 17 users.
- In the week after the announcement, the number of users who have re-staked more than 10,000 Luna of their rewards has doubled.
- In general, the actions performed in the week after the announce by users have increased.
Insights
The graphs above show the activity of the top 20 addresses based on the actions performed during the two time periods before and after the launch of station. Let's see how the activity of the top users has changed during these two time periods.
- As we can see, the top 20 stakers have staked more Luna in the week after the announcement, and the amount of Luna staked by the top 20 addresses has increased by about 15% in the week after the announcement. Although the top staker has staked about 5,000 Lunas more in the week before the announcement.
- In the week after the announcement, users did not want to Unstake their Lunas, and the amount of Unstaked Lunas decreased by 54% in the week after the announcement.
- As we can see, the top unstaker in the week before the announcement about 9.5 times, more than the top unstaker in the week after the announcement, unstaked Luna.
- We can see that the top users of the staking service in the Terra ecosystem had a great desire to re-stake their rewards in the week after the announcement, and the amount of re-staked Luna increased by about 900% in the week after the announcement.
Insights
The graphs above show the daily average volume and the average volume per user and the average volume per validator during the time period in question.
- According to the average daily chart, Luna's staked volume increased by 1.5 times in the week after the announcement.
- The average daily Unstaked volume in the week after the announcement has not changed significantly compared to the previous week.
- The average daily Restaked volume increased more than 6.5 times in the week after the announcement compared to the previous week.
- For each user in the staking process, the staked volume has increased about 1.2 times, and the unstaked volume has decreased by about 55% in the week after the announcement. Each user restaked about 8,000 more Luna in the week after the announcement.
- The staked and restaked volume per validator increased in the week after the announcement, and the unstaked volume per validator decreased in the week after the announcement.
Insights
Staking volume data on validators based on action over two time periods shows that the amount of staking has increased in the week after the announcement in the top 5 validators.
Insights
The general statistics of the Luna token swap data show that the sale of this token through decentralized exchanges was very significant in the week after the news was announced, and as we can see, the Luna swap to other assets was more in the week after the announcement. It has reached more than 11505% compared to the previous week.
The purchase volume of Luna token has decreased by 89% in the week after the announcement. This is while statistics related to other metrics, such as the number of buyers and the number of purchase transactions, show an increase.
Insights
Statistics related to the daily average show that the sales activity of Luna has increased in the week after the announcement. The daily average sales volume in the week after the announcement has increased by about 1150%. And the daily average purchase volume in the week after the announcement has decreased by about 89%.
Regarding the average statistics per user, the increase in Luna's sales activity can be seen in the week after the announcement. The volume of sales for each address has increased about 10 times in the week after the announcement.
Insights
The daily data related to the Luna swap show that the swap activity of this token has increased in the first three days after the announcement, that this increase was more in the selling sector.
The largest selling volume of Luna in the week after the announcement was on January 15, when more than 32 million Luna were swapped with other assets.
Insights
The graphs of the distribution of buying and selling volume show that the distribution of buying and selling volume of Luna has increased in the week after the announcement based on the number of buying and selling transactions and based on the number of buyers and sellers, so it can be said that high volume transactions were made by users.
The number of sales transactions with a volume of more than 10,000 Luna per week after the announcement has increased from about 50 transactions to about 120 transactions.
The number of purchase transactions with a volume of more than 10,000 Luna per week after the announcement has increased from about 30 transactions to about 70 transactions.
Insights
According to the chart of new users of Swap in the discussed time period, it can be said that after a decrease from January 9 to January 12, it had an increasing trend from January 13 and reached the highest number on January 15.
It can be said that the number of new users jumped in the first two days after the announcement.
Insights
In this section, we are going to see how much Luna has been bought and sold by the top swappers during the time period in question. According to the charts above, the top 20 sellers have sold about 41 million Lunas in the week after the launch of the station, although about 36 million of this volume was sold by 1 address. This is while the sales volume of Luna in the week before the announcement was about 2.5 million units.
The top 20 buyers have bought about 82 million Lunas in the week after the launch of the station. This is while the purchase volume of Luna in the week before the announcement was about 262 million units, of course, about 260 million units of this asset were purchased by 1 address, so it can be concluded that if we exclude this address, the purchase volume of Luna in The week after the announcement was higher than the previous week, and the high buying of this address caused the data that was previously presented.
Insights
According to the graphs on the left, it can be said that there is a significant correlation between the number of network transactions and the resulting fees and the volume of the Luna token stake, and with the increase in the number of transactions and the resulting fees, the amount of staking volume has also increased. As we can see, in the week after the announcement The volume of transactions has increased and the volume of staking has also increased.
The correlation between the price of Luna and the amount of unstake can also be seen, although this correlation is more visible in the week before the announcement, and as we can see in the week after the announcement, the increase in the price of Luna did not have a great impact on the amount of Luna harvest.
Influence of other factors
In this section, we are going to examine the impact of other factors on staking and swap data. As we know, staking rewards are paid to stakers from the fees obtained from Terra network transactions, so we take a look at the number of network transactions and the resulting fees and its correlation with staking activities. Also, the price of an asset increases or decreases the volume of its purchase and sale, so we intend to check the correlation between the price of Luna during the desired period of time and the volume of purchase and sale of this token in the dexes. The graphs below carry out these checks.
Insights
The correlation between the price of Luna and the swap volume can also be seen in the graphs on the left. The highest correlation in the purchase volume of Luna can be seen on January 15, when the price of Luna reached from $1.5 to $1.95, the purchase volume has reached from 188k to 19 million. . This volume jump can also be seen in the sale of Luna, and you can see the increase in sales volume with the increase in the price of Luna.
METHOD
In general, this dashboard includes 3 sections. In the first part, we will check the staking of Luna in this network and our intention is to compare the effects of the launch of the station platform in theone week after announce with the one week before the announcement of the launch of the station.
In this section, we used terra.core.ez_staking
table from Terra's core database.
The second part of this dashboard includes the data related to the Luna token swap, which are compared with the weeks before and after the launch of the station. Volume and number data related to the swap of this token will be reviewed.
terra.core.ez_swaps table has been used to call the data related to the swap section.
In the third part of this dashboard, we will examine factors such as the price of the Luna token and the transactions executed on the Terra network in a 2-week period on Luna staking. and we also want to see what effect the price of Luna had on buying and selling this token through DEX platforms.
INTRO
On January 14, 2023, Terra network developer group announced the launch of Web3 interface (station) on its Twitter. According to this group, the station is a chain wallet that facilitates interaction with multiple blockchain networks. This user interface provides various features, including the ability to swap Terra network assets, as well as staking tokens of several chains, which include Terra, Chihuahua, Crescent, Juno, and Kojira chains. This user interface also provides government voting for users in the governance section. In this dashboard, we are going to compare the impact of the launch of this platform by focusing on its two most important parts, namely, staking and swap, in one week after the announcement of the launch, with one week before, and see what effect the presentation of this platform has on the two The important part of Luna staking and also the swap of this token. It should be noted that this dashboard only focuses on the Luna token and examines the effects of the launch of this platform on staking and swapping of this token. Also, in this dashboard, the effects of the price of Luna and the number of network transactions on staking and swapping of this token are examined.
Refer to this link for more information.
conclusion
In this dashboard, we have examined 2 important parameters that are presented in the new version of the station's platform, and it can be said that the staking and swap process has increased significantly in the week after the announcement of the station's launch. It can be said that after the launch of this platform, the stake volume Luna has increased, and despite the statistics presented in the swap section and because the implementation of the swap volume by 1 address has changed, it can be said that the volume of buying and selling Luna tokens in the week after the announcement has increased.
due to the influence of other factors such as the volume of transactions Also, Luna's price is also significant on Luna's staking and swap.