Owentell | Flipside Analyst

    Owentell

    Joined Jun 16, 2021
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    47Upvotes
    12. [Easy] Guzzling Gas

    12. [Easy] Guzzling Gas

    Dec 21, 2021 - This dashboard looks at different metrics of users withdrawing liquidity from SushiSwap liquidity pools. SushiSwap is a hard fork of Uniswap, and is a decentralized exchange on the Ethereum network. The first metric looks at the daily gas fees paid by users withdrawing liquidity. The amount of fees has varied widely over time, and recently peaked on November 10th, 2021, where about $46,000 of fees were paid. Interestingly, the days where a higher amount of fees were paid do not usually coincide with a higher number of withdrawals, suggesting that large LP removals with high gas costs are the cause of most spikes in fees paid. The next metric looked at is the daily number of LP withdrawals. Besides a massive spike in the middle of September 2020, the number of removals has remained largely stable, at around 200 to 400 daily. This is a good sign for SushiSwap, as it means there have not been recent events that have cause liquidity providers to lose confidence in the protocol and remove LP en masse. This was not the case in September of 2020, when users made over 2000 withdrawals on a single day. This was due to a rug pull by SushiSwap's anonymous founder, Chef Nomi, causing users to panic. He later returned the money and continues to work with SushiSwap to this day. The last metric looked at in this dashboard is the daily average gas price versus the daily number of withdrawals. In general, it seems that gas price spikes cause a decrease in the number of LP withdrawals.

    Owentell
    95. [Galactic Punks] Traders & Collectors

    95. [Galactic Punks] Traders & Collectors

    Oct 27, 2021 - This dashboard looks at multiple metrics of the new Galactic Punks NFT's and their owners. Galactic Punks are a series of space themed NFT's on the Terra Blockchain. In fact, they are the first collection of NFT's to be minted on Terra. The collection has a total of 10,921 randomly generated NFT's. They were released on October 2nd 2021 and sold out in only 8 minutes. As of 10/29/21 there are 4,926 distinct owners of the Galactic Punk collection, meaning each person has an average of about 2 of the NFT's. The next metric looked at was the number of NFT's owned by the addresses with the most NFT's. The address currently holding the most has a whopping 141 of them, more than 10% of the entire collection. The next highest has 100 of the NFTs, and then it begins to drop sharply from there, with the third highest holding 47 of them. The final metric I looked at was who the highest frequency traders of Galactic Punks are. To calculate this, I first found the count of the number of transfers of the NFT's they have completed so far, and then added to that count the number of times they ordered Galactic Punks from RandomEarth, a NFT marketplace on Terra. The address with the highest number of transactions had 720, and the second highest had 496. Unsurprisingly, many of the addresses with the highest number of NFT's were also on the list of addresses with the highest number of transactions. Interestingly enough, the address currently holding 141 NFT's was not on the list of those with the highest transactions, suggesting they have not sold many if at all of them and seem to solely be adding to their collection. Credit: Some of the code for finding the addresses currently holding GP NFT's was sourced from brian_#3619 on Discord

    Owentell