Introduction

This analytics is done to study the swap activity of Celcius wallets since Q2 2022 ( beginning April 1st 2022 up to June 30th).

Top 10 Asset Swaps

The below chart shows the top 10 asset swaps with the most transaction counts. Lido and CRV were the most swapped assets by these wallets and majority of them these assets are used to by WETH, BTC, or FRAX. The following Pie Chart visualizes which assets were the most acquired in by these swap txns

Active Celsius Address

From the chart below, there are only 3 Celsius wallets that are used for swap transactions, and majority of the transactions are done on Sushiswap.

Swap txns and BTC price

The below chart shows the BTC price action (which represents overall crypto market narrative) and Swap txn by Celsius Wallets. There are several days between May 8th till June 14th where there are no swap txn at all.

Takeaway

From this analysis, most assets are swapped out to acquire mostly WETH, some WBTC and FRAX. Most of these transactions are done by 3 address, and are mostly done on Sushiswap. On May 8th there seem to be void in swap activity up to June 14th.