Owentell | Flipside Analyst

    Owentell

    Joined Jun 16, 2021
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    47Upvotes
    11. Total Liquidity Dashboard

    11. Total Liquidity Dashboard

    Sep 15, 2021 - This dashboard visualizes two things, firstly the average total liquidity per day in all of Aave's pools, and secondly the change in liquidity in each of Aaves V2 liquidity pools over time. The daily liquidity has increased massively over recent months, and the point of highest liquidity in 2021 is more than 10 fold the highest point in 2020. One of the biggest liquidity increases came at the end of April, where total liquidity jumped from around five billion USD to over fourteen billion USD in a matter of weeks. This jump could be in part to a set of new governance proposals that occured in April, and Curve Finance launched a Polygon pool that is deposited into Aave. Aave's V2 pools have also, in general, increased significantly over the course of the year. The two most popular pools, WETH and USDC, both increased more than 100 fold since December 2020. The only pool which seems to have slightly decreased over time is BUSD, which went from a high of about sixteen million in March 2021 to about 9 million in September. Methodology: Since the liquidity data in Aave's market stats is hourly, I had to get the average since I wanted to find the daily total liquidity. To find the average Aave liquidity per day, I first grouped by day and took the sum of the liquidity from Aave's market stats and divided this sum by 24. For the chart showing the liquidity in Aave's V2 pools over time, I found the average for each day for each pool from Aave's market stats. I made four different tables, with each having the average pool liquidity, and each being on a day three months apart from the others. I then joined them together, allowing me to contrast the data from four different months in three month intervals. The data only goes back to December 2020, as that is when Aave's V2 pools were released. I decided to use a logarithmic scale for the y-axis as the data points were too far apart for a good representation on a linear scale.

    Owentell
    15. [Hard] On-ramping

    15. [Hard] On-ramping

    Nov 17, 2021 - This dashboard looks at the breakdown of new THORChain users by blockchain and by pool. THORChain is a protocol that allows for the swapping of assets from one blockchain for assets from another. This is done through the swapping of the users asset for THORChains native token RUNE, and the user then swapping RUNE for their desired asset. Users currently are on-ramping from the Bitcoin Cash, Bitcoin, Binance, Ethereum and Litecoin blockchains. The most popular blockchain thus far for THORChain users to on-ramp from is the Binance blockchain. This could be due in part to it's relative popularity but also its much lower fees compared to blockchains like Ethereum. Bitcoin and Ethereum have a very similar amount of users on-ramping from each, at 1611 and 1570 respectively. Both of the graphs in this dashboard use a logarithmic y-axis due to the large discrepancies in the different x-axis categories. After looking at the number of users from each blockchain, we can narrow our view further to which specific pools are the most popular for users to interact with on their first THORChain transaction. Of course after looking at the breakdown by blockchain, we already know that the Binance pools will be by far the most popular as most users onboard from Binance. The most popular pool is the BNB, or Binance coin pool, meaning that most users start using THORChain by depositing BNB and swapping it for RUNE. The second most popular pool is the BTCB pool, which is a coin on the Binance blockchain pegged to the price of Bitcoin. The least popular pool to onramp with is the SUSHI pool, with only 6 users opting to start using THORChain by depositing SUSHI.

    Owentell