What the graph shows:

1- The general trend of DUST and DeGods price are almost similar to each other.

2- The two graphs differ in peak points, for example, DeGods reached its peak on April 26 date, but DUST reached on April 10th.

3- April has been the best month for both in terms of price.

4- Recently, after reaching a local peak, the price of both has decreased considerably.

Date: 2022-09-09

1-1 What is DeGods?

DeGods is a Solana-based NFT collection consisting of 10,000 virtual gods showcasing art in their creative outfits and flashy party colors. DeGods' can be purchased from Alpha Art and Magic Eden, which are currently the only marketplaces authorized by the team to sell the collection's NFTs.

1-2 What is DUST?

DUST Token, the collection's native digital currency, is an SPL token with a maximum supply of 33,300,000. Token holders are informed that the DUST will have three (3) halving periods and each halving will reduce token staking rewards by 50%.

Table of contents:

This article contains 5 sections:

1- Overview and summary of DeGods project & Dust

2- Methodology & Definitions

3- Main body

3-1 DeGods & DUST price

3-2 DUST swaps

3-3 DUST holders

4- Conclusion

2- Methodology & definitions

Since DUST is a token on the Solana network, the Solana swaps table is used to find its price and transaction volume. On the other hand, DeGods is an NFT on Solana and to get the price and volume, the tables related to the sale of Solana NFTs are used. All the tables used in this article for data extraction are:

1- solana.core.fact_swaps

2-solana.fact_nft_sales

3- solana.core.fact_transfers

* definitions

In order to group all $DUST holders, six different classes have been defined, which are:

1- Whales: hold more than 100,000 $DUST

2-Octopus; hold between 10,000 and 100,000 $DUST

3-Dolphin: hold between 1,000 and 10,000 $DUST

4-shrimp: hold between 100 and 1,000 $DUST

5-fish: hold between 10 and 100 $DUST

6-newcomer: hold less than 10 $DUST

What the graph shows:

1- Wrapped Sol, USDC and USDT are the three assets that users have swapped from Dust to them the most.

2- Wrapped Sol, USDC and USDT are the three assets that users swapped the most to DUST.

3- In a significant part of the swaps, one side has always been a stablecoin.

4- The last chart shows that most of the days the trading balance is negative, which means that traders have been looking to sell $DUST more than to buy them.

What the graph shows:

1- The wallet with the address "DPooL6uXHupSHPpo9pb57dZ4DaxZi7Gs7LrZNiotxxMr" holds the most amount of DUST with more than 1.2 M.

2-There are only 4 whales with more than 100,000 DUST.

3- Most wallets that hold this token have less than10 DUST.

3-1 Dust & DeGods Price

3-2 DUST Swaps

3-3 DUST holders

Conclusion

In this article, we focused on three metrics:

• DeGods & DUST price
• DUST swaps
• DUST holder

1- The general trend of DUST and DeGods price are almost similar to each other.

2- Wrapped Sol, USDC and USDT are the three assets that users have swapped from Dust to them or vice versa the most.

3-Most wallets that hold this token have less than10 DUST and only 4 whales holds more than 100,000 tokens.

This analysis using Flipside Crypto was created by HaiRong#0117 to answer the following questions:

How is $DUST being used in the Solana ecosystem? What are its most popular use cases and where are buyers of $DUST coming from? Highlight at least 3 metrics showing $DUST trends in Solana.

Twitter: HaiRong0117