Introduction:

On May 24th, 2023, Coinbase, one of the world's leading centralized cryptocurrency exchanges, announced that OSMO, the native token of Osmosis DEX, would be listed on their platform starting from May 25th, 2023.

In light of this event, we present the "OSMO on Coinbase" Dashboard, powered by Flipside Crypto's on-chain data. This dashboard aims to delve into the impacts of OSMO's listing on Coinbase, examining its effects on various aspects such as token price, trading activities, liquidity, volume, and more, specifically within the Osmosis chain.

In this dashboard, We have analyzed data from 1 week before the Coinbase announcement till today (analysis date = 2023-05-28). Furthermore, we have categorized the visualizations into 4 distinct periods to provide a comprehensive understanding of the impact of OSMO token's listing on Coinbase:

• Previous Days: This period encompasses the days leading up to the announcement and listing of OSMO token on Coinbase. It allows us to establish a baseline and understand the token's performance before any significant developments.
• Announcement Day: May 24th, 2023, The day when Coinbase made the official announcement regarding the listing of OSMO token on its platform. This specific day is highlighted to examine any immediate market reactions or changes in trading activity following the announcement.
• Listing Day: May 25th, 2023, marks the actual listing of OSMO token on the Coinbase platform.
• After Listing: This period includes the days following the OSMO token's listing on Coinbase, allowing us to assess the sustained effects and any subsequent trends.

Osmosis and OSMO Token:

Osmosis is a decentralized exchange (DEX) protocol built on the Cosmos blockchain ecosystem. It provides a platform for users to trade and provide liquidity for various digital assets in a decentralized and permissionless manner.

OSMO is the native cryptocurrency of the Osmosis network. It serves as a utility and governance token, enabling holders to participate in the platform's decision-making processes and earn rewards. OSMO token holders can stake their tokens to provide liquidity, earn transaction fees, and participate in decentralized governance through voting on proposals and protocol upgrades.

Impacts of Token Listing on an Exchange:

The listing of a token on a prominent exchange can have a significant impact on its price and trading activity. Here are a few key ways in which token listing can influence these factors:

• Increased Visibility and Accessibility: When a token is listed on a popular exchange, it becomes more visible to a larger pool of potential investors and traders. This increased exposure can lead to greater demand for the token, potentially driving up its price.

• Enhanced Liquidity: Exchange listings typically increase liquidity for a token, as it becomes available for trading on a platform with a large user base. Higher liquidity often translates into smoother and more active trading, as there are more buyers and sellers in the market. This increased liquidity can reduce price volatility and improve the overall trading experience.

• Credibility and Trust: Listing a token on a reputable exchange can enhance its credibility and instill confidence in potential investors and traders. The association with a trusted platform can lead to increased adoption and interest in the token, which can positively impact its price.

• Market Perception: Token listings on exchanges are often seen as positive news within the cryptocurrency community. This can create a positive market sentiment, attracting new investors and driving up demand. Conversely, a token's removal from an exchange or lack of listings on reputable platforms can have a negative impact on its price and trading activity.

It is important to note that the extent of the impact may vary depending on various factors, including the overall market conditions, the token's utility and demand, the exchange's user base, and the level of market awareness. Additionally, while exchange listings can provide short-term price spikes and increased trading volume, long-term sustainability and value appreciation depend on factors such as project fundamentals, adoption, and market dynamics.

Dashboard by Ali3N

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