Try Quests to earn SOLWhat's All The Hubbub for Hubble Protocol?
Create a KPI dashboard that shows Hubble metrics such as: daily active users, new users, mint/burn rates, different rates of instructions etc. (anything you find relevant)
What is Hubble ? brief intro
Hubble is a decentralized finance (DeFi) protocol built on the Solana blockchain. In Phase 1 of development, Hubble enables you to borrow USDH against multiple assets. Borrowing USDH allows users to access the liquidity (cash on hand) in their long-term holding tokens.
What can I do on Hubble?
With Hubble’s borrowing platform, you can:
- Borrow USDH for as long as you’d like
- Deposit multiple cryptos to mint USDH: SOL, BTC, ETH, mSOL, stSOL, daoSOL, RAY, SRM, FTT, cTokens from Solend, and kTokens from Kamino
- Yield positive interest on collateral deposits (earn while you borrow)
- Earn protocol rewards by staking HBB
- Earn from liquidations by depositing USDH in the Stability Vault (formerly Stability Pool).
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Methodology
In this bounty i will analyze Hubble protocol different metrics such as : total transactions , daily , weekly , monthly transactions , unique users , new users , mints/burns , USDH & HBB token flow in Solana , Kamino finance transactions & etc..
For this bounty i will use solana.core.fact_transactions table to get information about transactions , users , amount of USDH&HBB flow in Solana .
I will use solana.core.fact_events table to get information about USDH & HBB mints & burns in Hubble protocol
Some extra data :
Hubble protocol contract address in Solana : HubbLeXBb7qyLHt3x7gvYaRrxQmmgExb7fCJgDqFuB6T
Kaminfo finance address in Solana : 6LtLpnUFNByNXLyCoK9wA2MykKAmQNZKBdY8s47dehDc
USDH token contract address in Solana : USDH1SM1ojwWUga67PGrgFWUHibbjqMvuMaDkRJTgkX
USDH token contract address in Solana : usdhGSfp3gaciiK9ggMxrNtix1EfyXLWUNAzT56a4ki
HBB token contract address in Solana : HBB111SCo9jkCejsZfz8Ec8nH7T6THF8KEKSnvwT6XK6
HBB token contract address in Solana : HBbyPnXAZD87i54d9amJxhiREGQUKjtVxFpagXFicCkV
According to these chart about USDH & HBB token mints in Hubble protocol we can see USDH token minted little more than HBB token , which total 12K Mint event submitted for USDH token so far and total 10.8K Mint event submitted to HBB token so far in Hubble protocol .
Observations
According to the above charts about daily USDH & HBB mints/burns we can see the highest burn event for USDH token submitted at May-11-2022 which total 122 burn event submitted at this day .
In next chart about daily USDH mints we can see since September 2022 USDH token Mints growing which in Sep-22-2022 total 224 Mint event submitted which is highest number of Mints so far (excluding Feb-01-2022) and these days almost 100 mints submitting every day .
For HBB token mints we can see these days average almost 2,3 HBB mint event submitting every day , but past before since February till April 2022 we can see daily average almost 90 Mint events submitted for HBB token .
Conclusions
According to the all data and visualizations we saw and analyzed previously in this dashboard we come to these conclusions :
We saw number of transactions growing on Hubble protocol since July 2022 , previously in monthly transactions chart we saw in July number of transactions was 5K but every month after it we see growing on transactions which is 7.6K,9K for August and September .
Also we saw new users who interacting with Hubble protocol increasing every month which reached to 164 new users in September which is highest number of new users since June .
Total 12K mint event submitted for USDH token and for HBB token total 10.8K mint event submitted , and 113.7K other events submitted in Hubble protocol , we saw total 16.4% of all events emitted in Hubble protocol was for token Mints and 0.3% of them was token Burn event and the rest 83.3% is for other events like transfer .
Also on daily token mints event visualization we saw since September 2022 daily mints growing so much with average almost 100 mint events submitting after September , but before it average daily mint events was almost 30,40 mints which we saw more than 2x growth on token mints events .
In daily USDH mint events chart we saw since September 2022 USDH token Mints growing which in Sep-22-2022 total 224 Mint event submitted which is highest number of Mints so far (excluding Feb-01-2022) and these days almost 100 mints submitting every day . and for HBB token we saw these days average 2 or 3 mint events submitting on Hubble protocol .
According to the monthly USDH token flow visualization we saw the highest amount of USDH token flow was in September 2022 with total 3.19M amount of USDH flow and
after May 2022 we can see USDH token flow growing so much .
Also for according to Kamino finance visualizations we see since September number of transactions increasing significantly which before September we had only 16k,17k transactions per week but in September and after we have almost average 289K transactions per week which is more than 17x higher than before .
According to the left visualization about Hubble protocol daily transactions we can see the highest number of transactions on Hubble over past 6 months was in May-11-2022 with 3031 total transactions submitted at this day .
According to the chart we can see in April 2022 average number of transactions was higher than any month over past 6 months and in July average transactions was lowest and since September number of transactions getting higher than July .
According to the left chart we can see the highest number of unique users who interacted with Hubble protocol over past 6 months was in Apr-19-2022 which 650 total unique users submitted 1534 transactions according to the previous chart .
According to the left chart about weekly transactions in Hubble we can see in last week of January total 27.5K transactions submitted which is highest number of transactions since 2022 on weekly basis .
and in June & August we can see number of transactions dropped to almost 1.1K transactions over week , but since September we can see number of transactions getting more than 2x since before .
According to the left chart about weekly unique users who interacted with Hubble protocol we can see in 3rd week of April total 1535 unique users interacted with Hubble protocol which 6348 transactions submitted at this week according to previous chart .
we can see May 2022 number of weekly unique users dropping to 194 unique users in first week of July , but after that unique users of Hubble getting higher than July .
In left visualization we can see highest number of transactions on monthly basis was in February 2022 which total 57K transactions submitted at this month after that in May 2022 17.4K transactions submitted which is second highest number of transactions .
lowers number of transactions submitted at July 2022 which total 5K transactions submitted , after July we can see number of transactions growing every month and in previous month September total 9K transactions submitted.
According to the left chart we can see highest number of unique users who interacted with Hubble protocol is in February 2022 which total 2227 unique users interacted with Hubble and submitted 57K transactions which is highest number of unique users and transactions on Hubble since 2022 .
We can see in July total 595 unique users submitted transactions at this month but after that drop we have growth in unique users every month .
Observations
According to the above charts about new users + user growth and transactions growth we can say :
in Feb-01-2022 total 510 new users submitted transactions in Hubble protocol which is highest number of new users who interacting with Hubble protocol so far .
We can see average 4 new users submitting transactions at these days in Hubble protocol .
In Feb-02-2022 total 6407 transactions submitted in Hubble protocol which is highest number of transactions so far after that in May-11-2022 total 3031 transactions submitted which is second highest number of transactions so far .
We can see in February till June 2022 average number of transactions was higher than ever at these months but after that in July number of transactions dropped but after that in August and September we can see transactions growing .
- For better vision i decided to also prepare weekly & monthly user growth to see number of new users growing every month after June 2022 which in July number of new users was 73 but after that we can see number of new users was 105,143,164 new users .
According to the left visualization about daily mint/burn event over past 3 months we can see growth in token Mints since Aug-30-2022 which before that date average Token Mints was around almost 40 Mints but after that date Mints increased to around almost 100 Mints average every day .
And for Burn event we can see some days 1 or 3 Burns submitted on Hubble protocol .
According to the left chart about daily USDH token flow amount in Solana ecosystem we can see the highest amount of USDH flow was in Sep-22-2022 with total 801K USDH flow token amount .
we can see since August 2022 USDH flow amount growing more than before specially in September which we can see several pumps , but at these days we have average almost 30k USDH flow amount per day.
At the left visualization about weekly USDH flow in Solana ecosystem we can see in 3rd week of September total amount of 1.15M USDH token flowed in Solana .
In July & June we have lowest amount of USDH token flow in Solana which in second week of June flow amount reduced to 6.5K .
but after that since August and September we see growth of USDH flow amount .
According to the monthly USDH token flow visualization we can see the highest amount of USDH token flow was in September 2022 with total 3.19M amount of USDH flow .
lowest amount of flow was in January 2022 with total 213K USDH token flow .
after May 2022 we can see USDH token flow growing .
According to the left chart about Kamino finance daily transactions so far we can see huge growth since September 2022 which average daily almost 30k transactions submitted on Kamino finance .
the highest number of transactions on daily basis submitted at Sep-22-2022 with total 213K transactions and the day before & after Sep-22-2022 with 137K & 102K transactions .
these days we can see we have almost 31K transactions per day .
We can see in 3rd week of September total 596K transactions submitted on Kamino finance which is highest number of weekly transactions so far in Kamino .
before September we had only 16k,17k transactions per week but in September and after we have almost average 289K transactions per week which is more than 17x higher than before .
For better and overall view i decided to prepare a monthly transactions visualization to show growth of transactions on Kamino finance . we can see in September 2022 total 1.2M transactions submitted which is quite high and impressive .
What is Kamino finance ? brief intro
Hubble Protocol has incubated Kamino Finance to transform concentrated liquidity on the Solana (SOL) network. It is an automated liquidity solution that reshapes the entire decentralized exchange (DEX) landscape of the Solana ecosystem with an improved, actively managed, brand-new liquidity layer. This Kamino Finance review will provide you all the information regarding its working & services, so read on further to know more.
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