In The Stars

Stargaze Zone is an IBC NFT launchpad and marketplace, and new launchpad projects drop on mint every Friday at 4:00 PM EST. Does the volume of swaps involving Stars change around this time? Analyze the volume of swaps involving STARS from March 20th until present.

Introducing Stargaze

Stargaze is a protocol that re-imagines the social network from a purely crypto-native context. The social graph is based on social token ownership. Content, including profile avatars, are NFTs. And curation and moderation are done by DAOs.

Stargaze is built as a proof-of-stake Cosmos zone, giving it maximum flexibility in protocol design, interoperability, and scalability right out of the gate. The governance-driven development process of Cosmos chains allows rapid development and iteration required for a consumer social protocol. Furthermore, due to IBC and Gravity Bridge, it can interoperate with every other blockchain, including Terra, and Ethereum and it’s L2s.

STARS Token

STARS is both the native staking token and governance token of Stargaze. Some of the use cases for STARS include:

Delegating to validators to secure the network
Minting social tokens
Minting NFTs + paying for storage
Voting for membership in the curation DAO
Voting for protocol upgrades in governance

Reference : Introducing Stargaze

In this dashboard

We're observing the $STARS tokens swap volume on every Friday as the Stargaze platform will launch new NFT project on the launchpad at the time 4pm EST.

$STARS token Swap Volume on every Friday

Since 20th March 2022, the $STARS token swap volume has increased over time.
Comparing Fridays $STARS token swap volume has generally higher swap volume than normal days especially Tuesday, Wednesday and Thursday.
However, in some of the weeks, on Sunday and Monday the $STARS token swap volume may be higher than in Friday.

Number of wallets swap $STARS token

Are there more wallets swapping $STARS token than any other days?

In this analysis, we don't see that on every Friday, the number of wallets swapping $STARS token is higher than the rest of the days.
In general, the number of unique wallets swapping other asset tokens to $STARS token on Friday is usually lesser than the other days.
On every Friday the number of wallets which swap $STARS token range between 20k to 40k.
While the other days range between 20k to 51k.