In The Stars
Chart below shows the hourly swaps transactions, involving STARS. The chart focus on events that happens from Friday (00:00) to Sunday (00:00). ( The hour is corrected to authors local time, EST + 12)
We can see that during each Saturday, 04:00 AM, the value of the chart is at its lowest. The time before that, we see a huge spike in STARS swap transaction activity. This may due to users are using STARS for other purpose on that specific time such as NFT minting.
1.0 Introduction
STARS is one of the token used on the cosmos ibc ecosystem. STARS native chain, Stargaze, targets to be a chain dedicated for NFTs for cosmos eco. Every Friday on 04:00 PM, a new project is launched for minting. This analytics is done to study the impact of swaps activity involving STARS token. Note that the 04:00 PM is corrected to authors local time; 04:00 AM , Saturday