Are New Tokens Bringing New Users?
What is the Question?🚨
In recent weeks, we saw many new token listings, either bridged assets like AVAX, BNB, BUSD, or native assets like ACRE, ARUSD, MARS, NGM, etc. Did these new token listings bring new users into the ecosystem? Or did existing Osmosis users just start using them.
Are there some assets that brought more users in than others?
Analyzed Topics:
- New Listed Tokens
- Users Activity
Introduction🚩
Firstly, Welcome to my dashboard. This dashboard explores Osmosis Chain activity recently since October 2022 and take a look at new tokens that got listed on Osmosis like bridged assets such as: BNB,AVAX and native assets like MARS, arUSD and ACRE. It will search that these new assets brought new users to Osmosis or its just old users that are interacting with them at this moment.
Osmosis Link
Method⚡
In this dashboard, i will analyze new listed assets on Osmosis chain after the beginning of October 2022 to see did they bring new users with them or its just older users that are using them at this moment.
For this matter i extracted the needed data from ==Osmosis.core== database provided by Flipsidecrypto and mainly used osmosis.core.fact_transactions
table to gather all the data. Also i used fact_swaps
table to gather the swap activity data.
All the data that you are going to see are since October 2022 (2022-10-01)
and also i only considered successful transactions with tx_succeeded=’TRUE’
Findings👀
- At first, i showed all the new tokens that got listed on Osmosis since October 2022 and ordered them from New to Old. avalanche.USDC and polygon.USDC are the newest tokens that got listed together on Osmosis on February 21th.
- After that, i analyzed these new assets in terms of swap activity, and we can see that TORI completely outperformed others in swap activity which listed on October 5th with stJUNO together on Osmosis, earlier than other ones. JKL, ACRE and MARS are the next most swapped tokens on Osmosis after TORI.
- As i showed new users with new assets listing date, it is obvious that stEVMOS brought the highest number of new users to Osmosis after it got listed on Feb 13th 2023 with over 23K new users and 28.6K unique users in total in that day.
Findings👀
- As i said earlier and from what we see in the first bar chart, stEVMOS brought the most new users to Osmosis with over 23K users followed by EBL and ECH with 11.8K and 10.7K respectively.
- Osmosis recently saw a huge increase on its daily users after the free fall that happened on Feb 4th and recorded an all-time high on Feb 18th with over 54.8K users.
- Left graph is showing New listed tokens on Osmosis from a different perspective..
Conclusion💡
- Among all new listed assets on Osmosis since October 2022 and all bridged and native tokens, stEVMOS brought the most number of new users to Osmosis with over 23K new people and between only bridged assets, BNB brought the most with over 5.2K new users.
- Again between all these new listed tokens, TORI which has listed on October 5th, recorded the highest swap activity among Osmosis swappers with over 207K swap by 18.5K swappers and a total volume of 27.8B in $TORI.
- Recently after the beginning of February, number of daily new users recorded several spikes and it seems popular tokens got listed and brought people from outside with them.
- In overall, some of the new assets brought huge number of users with them to Osmosis but at the end, there are mostly older osmosis users that started to interact with new assets.