Try Quests to earn SOLOrca Health After FTX & Alameda Collapse
What is Orca ? brief intro
Orca is one of the first general-purpose AMMs launched on Solana. Users can swap assets, provide liquidity, and earn yield through an easy-to-use interface. Projects can use Orca as a money-lego to easily integrate swapping, farming, or on-chain data into their dApp.
Orca strives to provide easy and effective financial tools for everyone, bringing DeFi to the masses.
Orca is the most user-friendly DEX on Solana.
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Methodology
Greetings ! In this dashboard im going to analyze Orca DEX on Solana . What is the reason i chose Orca to analyze ? Because Orca is one of first and biggest AMMs on Solana and i wanted to show you what effect FTX & Alameda collapse had on Orca and what is goin on with Orca these days which is tough time for whole Solana ecosystem !
In this dashboard i will show you activities on Orca base on several metrics like swaps , unique swappers , $USD volume of swaps and etc..
We will mainly use solana.fact_swaps table to get data and information about above metrics on Orca program .
Also ill show you SOL token swaps to Stablecoins and vise versa to find out what has changed after FTX & Alameda collapse !
So lets begin !
Swaps , Unique Active Swappers , Volume Of Swaps , New Swappers
🔍 Findings
According to above and left charts we can clearly see swap activity During collapse days was so high which at Nov-09-2022 total 33.146k swaps submitted on Orca by 1705 total unique users with total $USD volume of 8.9M $ and average $USD volume of swaps at this day was 329$ .
We can see after collapse daily average $USD volume of swaps significantly decreased to 30$-40$ and also $USD volume of swaps significantly decreased to below 100k these days which is so lower than ever .
Interesting thing is number of swaps even after FTX & Alameda collapse which effected on whole Solana ecosystem not too much effected by collapse !
In next sections of this dashboard we will see how much of these swaps belongs to SOL and Stablecoins !
🔍 Findings
We can clearly see average daily swap activity on Orca during collapse significantly increased which average daily number of swaps reached to 27.39k per day which is so much more than average daily swap before collapse with 4.6k swaps per day !
Also we can see average daily number of swaps after collapse slightly reduced to 4.587k which is so good .
Top 20 Swappers
Distribution Of Swaps
🔍 Findings
According to above charts about daily distribution of swaps on Orca before and after FTX & Alameda collapse we can see high activity during collapse (8th - 10th November) which at Nov-09-2022 total 98 swaps submitted at price range more than 10k $ which we never seen this kind of swaps at this price range so far which shows us users were afraid of collapse and wanted to swap their assets maybe to Stablecoins which at next sections ill show you this is true or not !
We can clearly see after collapse almost 70% of swaps belong to Less than $10 which before collapse share of this price range was about 35% ! which shows us volume of swaps after collapse significantly decreased !
Top 10 Swapped tokens ( Added up swap from and swap to these tokens )
🔍 Findings
According to left & above charts about daily top 5 swapped tokens (i added up swap from or to these tokens ) we can see during collapse days SOL , USDC and USDT was most swapped tokens and after collapse SOL token is by far most favorite token that getting swapped or other tokens swapping to SOL !
Stablecoins Swaps
Daily SOL token swaps to Stablecoins and vise versa
🔍 Findings
According to above charts about Stablecoins swaps to SOL token and vise versa we can see clearly number of daily swap transactions from Stablecoins to SOL token during FTX collapse days is higher than number of swap transactions from SOL to Stablecoins ! Also we can see $USD volume of swaps from Stablecoins to SOL token during FTX collapse days is higher than $USD volume of swaps from SOL to Stablecoins !
We can clearly see after FTX & Alameda collapse number of daily SOL token swap transactions , unique swappers and $USD volume of swaps to Stablecoins and vise versa significantly decreased on Orca platform !
Summary and conclusions
According to first charts about swaps on Orca platform we can clearly see swap activity During collapse days was so high which at Nov-09-2022 total 33.146k swaps submitted on Orca by 1705 total unique users with total $USD volume of 8.9M $ and average $USD volume of swaps at this day was 329$ .
We can see after collapse daily average $USD volume of swaps significantly decreased to 30$-40$ and also $USD volume of swaps significantly decreased to below 100k these days which is so lower than ever .
Interesting thing is number of swaps even after FTX & Alameda collapse which effected on whole Solana ecosystem not too much effected by collapse !
According to charts about daily distribution of swaps on Orca before and after FTX & Alameda collapse we can see highly activity during collapse (8th - 10th November) which at Nov-09-2022 total 98 swaps submitted at price range more than 10k $ which we never seen this kind of swaps at this price range so far which shows us users were afraid of collapse and wanted to swap their assets maybe to
We can clearly see after collapse almost 70% of swaps belong to Less than $10 which before collapse share of this price range was about 35% ! which shows us volume of swaps after collapse significantly decreased !
According to charts about top 10 swapped tokens since inception , since 2022 and since collapse we can see since inception and since 2022 USDC & gst was most favorite tokens that swapped on Orca , but after collapse SOL token changed every thing and became most favorite token that swapped from or to .
We can see after collapse SOL token 192.7k swaps submitted which is so far higher than every token even USDC with 72k swaps !
According to charts about daily top 5 swapped tokens (i added up swap from or to these tokens ) we can see during collapse days SOL , USDC and USDT was most swapped tokens and after collapse SOL token is by far most favorite token that getting swapped or other tokens swapping to SOL !
According to charts about Stablecoins swaps we can see clearly number of daily unique users who swapping Stablecoins to other tokens is significantly higher than number of unique users who swapping tokens to Stablecoins !
Also we can see after collapse number of swap transactions to Stablecoins from other tokens slightly reduced !
We can clearly see $USD volume of swaps to Stablecoins during FTX collapse significantly increased for example at Nov-08-2022 total 9.95k swap transactions with $USD worth of 4.5M $ submitted via Orca platform !
According to charts about Stablecoins swaps to SOL token and vise versa we can see clearly number of daily swap transactions from Stablecoins to SOL token during FTX collapse days is higher than number of swap transactions from SOL to Stablecoins ! Also we can see $USD volume of swaps from Stablecoins to SOL token during FTX collapse days is higher than $USD volume of swaps from SOL to Stablecoins !
We can clearly see after FTX & Alameda collapse number of daily SOL token swap transactions , unique swappers and $USD volume of swaps to Stablecoins and vise versa significantly decreased on Orca platform !
🔍 Findings
According to above charts about top 20 swappers on Orca with most number of swaps at different times ( since inception , since 2022 , after FTX & Alameda collapse) we can see top 20 swappers with most number of swaps since inception and since 2022 is almost same , but after collapse we can see almost all of top 20 swappers are different which we can see this wallet YfQFYhwHimmR3mfMZocbkezVQ4gFCxjCu5V8eEAspye submitted 86.348k swaps which is so much higher than every wallet .
🔍 Findings
According to above charts about top 20 swappers with most $USD volume of swaps we can see wallet 3PCRwFhHd8tNADpYrJNXndvzvFjgbCj4WiPiDi2yZftU submitted 641k swaps with total $USD worth of 6.5B $ which is so much higher than every wallet ! But we don’t see this wallet among top 20 swappers after collapse !
After collapse wallet 3b3zfYBQ61sEicY4bhQMKUvRo9bAxPYAz32uyAP9Cj9u submitted swaps with total $USD worth of 5.3M after collapse which is higher than every wallet !
🔍 Findings ( Here i added up swap from & swap to these tokens )
According to above charts about top 10 swapped tokens since inception , since 2022 and since collapse we can see since inception and since 2022 USDC & gst was most favorite tokens that swapped on Orca , but after collapse SOL token changed every thing and became most favorite token that swapped from or to .
We can see after collapse 111k SOL token swaps submitted which is so far higher than every token even USDC with 56k swaps !
At next sections ill show you how much of these SOL token swaps is from Stablecoins or to Stablecoins !
🔍 Findings
According to above charts about Stablecoins swaps we can see clearly number of daily unique users who swapping Stablecoins to other tokens is significantly higher than number of unique users who swapping tokens to Stablecoins !
Also we can see after collapse number of swap transactions to Stablecoins from other tokens slightly reduced !
We can clearly see $USD volume of swaps to Stablecoins during FTX collapse significantly increased for example at Nov-08-2022 total 9.95k swap transactions with $USD worth of 4.5M $ submitted via Orca platform !