Analyzing Stride Protocol
Stride is a multichain liquid staking zone (appchain) on the Cosmos Blockchain. Stride allows users to stake any IBC-compatible tokens, and receive stTokens in return, which are redeemable for the original token at a 1:1 ratio. By staking their tokens using Stride, users will be able to earn staking rewards, while also retaining liquidity in the form of stTokens, which will allow them to take advantage of Cosmos DeFi and pursue more yields there Link.
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The analysis of the Stride protocol reveals intriguing statistics regarding its activity on both the Cosmos and Osmosis networks. On the Cosmos network, there have been approximately 48,000 stake transactions, with around 19,800 stakers committing $10.5 million USD to the protocol. On average, each staker has locked in approximately $215, and each user has engaged in more than two stake transactions, with each of them staking over $530. Daily activity averages 290 stake transactions and 120 stakers. Notably, one user stands out with a stake volume of $3.26 million USD. The highest monthly stake transactions and stakers occurred in July, with the peak monthly stake volume in August, totaling $2.66 million USD. However, there seems to be a downward trend in monthly activity, suggesting potential shifts in market dynamics.
On the Osmosis network, Stride has seen around 9,500 stake transactions, with approximately 4,000 stakers staking $3 million USD. On average, each staker has committed around $300, and each user has engaged in more than two stake transactions, with each of them staking over $700. Daily activity averages 60 stake transactions and 20 stakers. Monthly data reveals the highest number of monthly stake transactions in September and the peak monthly stake volume in June. Unlike the Cosmos network, Osmosis shows a neutral trend in monthly activity, indicating a stable level of activity or market dynamics.
Comparatively, Cosmos dominates in terms of stake transactions, users, and overall volume within the Stride ecosystem. While Cosmos had a significant role in the highest monthly activity periods, there is also a prevailing downward trend in monthly transactions, users, and volume on both networks, suggesting evolving market dynamics or shifts in user behavior.
The total value locked (TVL) in Stride currently stands at approximately $51 million USD, with a recent surge in daily TVL indicating increased interest and activity within the Stride ecosystem. Over the last 24 hours, Stride has generated $22.5 thousand USD, showcasing its dynamic nature and potential for users to earn rewards. This growth in TVL and daily earnings highlights Stride's financial health and ability to thrive in the decentralized finance landscape.
This dashboard serves as an in-depth exploration of Stride, an Appchain on the Cosmos network, since its inception. Our investigation covers a range of critical metrics and insights to provide a comprehensive view of Stride's performance and its comparison to other networks.
To begin, we delve into the statistics related to ATOM and OSMO stake activities on Stride, shedding light on how these two assets have been utilized within the ecosystem. This analysis allows us to gain a deep understanding of the network's dynamics and how it interacts with these prominent tokens.
Following this, we embark on a comparative analysis of both ATOM and OSMO networks to ascertain which one demonstrates superior performance within the Stride ecosystem. This comparative study aims to provide a clear picture of how these assets fare on Stride and which one might be the preferred choice for users.
In addition to this, we present vital information about Stride, including its Total Value Locked (TVL) and the fees generated within the last 24 hours. These metrics offer insights into the financial health and activity levels of Stride, allowing us to gauge its standing within the broader blockchain landscape.
It's worth noting that this analysis leverages the Flipside database, specifically utilizing the Cosmos and Osmosis schema to ensure the accuracy and reliability of the data, providing you with a trustworthy source of information for your evaluation of Stride's performance and potential.