New Users Behaviour in Osmosis

    How Many Users are in Osmosis Since 2023?, Are they active?, Today I'll look into the activity from new users since 2023 in Osmosis to see what are doing the new users recently.


    📊New users in Osmosis from 2023📊

    Summary


    • There are more than 10k of New Users Since the start of 2023 and more than 100k of Transactions made by them.
    • 9.5k of them received assets via an internal transfer or an IBC Bridge from other Blockchain.
    • 4104 of them made only 1 transaction.

    It’s seems that most of the new users are doing a few of transactions and most of the activity comes from heavy DEX Traders new accounts.

    • More than Half of the Transactions are Swaps.
    • Although there are more than 100 distinct pools interacted by users, the top Pools of OSMO↔(ATOM/USDC) Have most of the activity.

    Osmosis is a Trading Blockchain as we can see by the amount of Swaps Transactions made by New users, almost 50% of the new users staked some tokens meanwhile only a 20% provide liquidity to a pool.

    Made by Popex404, Twitter Link Here

    Methodology


    Image Source: Osmosis

    Using FlipsideCrypto Tables of Osmosis:

    • osmosis.core.fact_transactions: To get Information about Users with tx_from and Transactions with tx_id.
      • To get New users simply filter all the Users that made their first transaction in 2023 with min(block_timestamp) >= ‘2023-01-01’
    • osmosis.core.fact_transfers: To get information about Senders and Receivers of Transfers and get the type of transfer with TRANSFER_TYPE and the token amount with Amount/pow(10,Decimal)*price where price comes from osmosis.core.ez_prices after joining using currency and block_timestamp::date=recorded_hour::date.
    • osmosis.core.fact_superfluid_staking: To get Information about this action using tx_id from new users.
    • osmosis.core.fact_staking: To get Information about this action using tx_id from new users.
    • osmosis.core.fact_staking_rewards: To get Information about this action using tx_id from new users.
    • osmosis.core.fact_liquidity_provider_actions: To get Information about this action using tx_id from new users.
    • osmosis.core.fact_governance_votes: To get Information about this action using tx_id from new users.
    • osmosis.core.fact_swaps: To get information about Swaps using tx_id and Swappers using TRADER

    🔎Transactions Behaviour of New users - Analysis🔍


    • Almost 70% of the User made 5 or less transactions in Osmosis.
    • A 0.106% of the Users (11) Made More than 36.2% of the total transactions
      • A single user made 11% of the Total Transactions

    Most of the transaction activity from new users came from a 1.36% of the new users which made more than 50 Transactions in Osmosis this new Year.

    🔮Welcome to the Osmosis Zone🔮


    • Osmosis is a Layer-1 Blockchain built on the Cosmos framework, operates a decentralized exchange (DEX) and the $OSMO is the native token which serves as governance and staking for users.
      • DEX: A peer-to-peer market where users can buy and sell assets (Crypto-tokens) without giving their private keys to an intermediate.
    • Osmosis is a DEX blockchain, and you can see that immediately in their website, the first thing you see when you enter is the option to swap your assets.
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    📊Transactions of New users in Osmosis from 2023📊


    📊Swaps of New users in Osmosis from 2023📊


    📊Transfers To New users in Osmosis from 2023📊


    📊Transfers From New users in Osmosis from 2023📊


    📊Transactions Behaviour of New users in Osmosis from 2023📊

    🔎New users - Analysis🔍


    The amount of New users is really low compared to Old users, with a percentage from 3.6 to 0.8% of the total Daily Active users being New Users.

    • But we can see that their daily growth is really good, in 13 days they reach 5k users and in 26 days almost 10k of users.
    • The daily amount of new users is always above 300 (Don’t Mind the last day because doesn’t end at the moment).

    It’s seems that active users in Osmosis have some days of more activity than others.

    🔎Transactions - Analysis🔍


    10K of users made 100k of Transactions, although this isn’t completely true because in the first days there isn’t too much users, and because of that every day the transactions made by new users increases.

    • In the last 2 days of January 25&26 we can see that Transactions from New users made a 6%-5% of the total daily transactions in Osmosis.
    • Half of the total transactions made by new users are Swaps.
    • 11.7% are Bridge from Osmosis to Other IBC blockchain.
    • There are 28k of transactions that aren’t considered in the Actions.
      • Probably they’re messages txs like approve tokens to swap considering the high amount of swap activity.

    🔎Swaps - Analysis🔍


    • Almost Half of the New Users made more than Half of the total Transactions by New Users.
    • There are a lot of differents pools involved in swaps which have less than:
      • 540 Swaps
      • 199 Unique Users.
    • The Popular Pools of Osmosis have the most amount of Swaps, (OSMO↔ATOM) & (OSMO↔USDC)

    🔎Transfers To New users - Analysis🔍


    Daily Activity of Tokens considers only the Top 10 Tokens for a better visualization

    • Most of the New Users in Osmosis received Assets.
    • And the amount of Internal Transfers and IBC Bridge To Osmosis is almost the Same.
    • Every day the amount of ATOM, USDC and OSMO is more significant than the rest of tokens.
    • ATOM is the favorite token to receive and the activity from Stake Atom (STATOM) is significant too.
    • January 22&23 are the days with most Transfer Volume for New Users.

    🔎Transfers From New users - Analysis🔍


    Daily Activity of Tokens considers only the Top 10 Tokens for a better visualization

    • Only a half of the New users are sending assets.
    • Most of the transfers are Bridges to other IBC Blockchains.
    • OSMO is the favorite asset to send
    • January 22 is the day with most Volume for transfers from New Users.