What is Ankr (ANKR)?

Ankr was founded in 2017 by CEO Chandler Song, who had the idea to create an easily accessible platform for the development of Web3, otherwise known as the decentralized internet. Ankr is a blockchain-based cross-chain infrastructure with a DeFi platform that enables staking and dApp development. It hosts various protocols related to the development of dApps and the DeFi sector.

Ankr was designed and developed based on the vision of a new internet that is based on distributed ledger technology, with applications, protocols, and systems that are decentralized, more private, and secure for users. The main idea is to remove the need for central authorities and middlemen, giving the ownership and control over data and applications to users and network participants.

After releasing the Ankr mainnet in 2019, the dev team behind the ANKR project launched a staking protocol, dubbed Stkr. Stkr allows users to stake Ethereum (ETH) in return for aETH, which represents the future gains on the deposited staking balance. That is how network participants are rewarded for staking through the Stkr protocol. Users can likewise deploy development nodes and build dApps on the network, or deploy staking nodes and enjoy the perks of becoming stakers on the ANKR Web3 platform.

What is Lido Finance? Lido Finance is a decentralized application (dapp) that offers the feature of liquid staking. Lido currently has close to $6 Billion in total value locked (TVL) on the platform with 199k+ stakers securing the protocol. Lido has been audited by some of the industry’s top blockchain security companies, including Quantstamp and Mixbytes.

Lido currently offers liquid staking for five cryptocurrencies – Ethereum (ETH), Polygon (MATIC), Solana (SOL), Kusama (KSM), and Polkadot (DOT). Lido is working on integrating more assets and chains on the platform such as Avalanche (AVAX), Near Protocol (NEAR), and many more will be integrated in the future.

Methodology

In this dashboard, we are trying to display data related to Ethereum derivatives, which include aETH, rETH, stETH For this purpose, we use the data in the table ethereum.core.fact_hourly_token_prices by filtering We used token_address to get the price of Ethereum and Ethereum derivatives and for To obtain swaps data, we used the ethereum.core.ez_dex_swaps table by filtering symbol_out in ('aETH','rETH','stETH')

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What is Rocket Pool?

Rocket Pool is an Ethereum 2.0 staking pool. The protocol seeks to lower both the capital and hardware requirements for staking on ETH 2.0, adding to the decentralization and security of Ethereum. To achieve this, Rocket Pool allows users to stake trustlessly towards a network of node operators.

Rocket Pool was founded in 2016 by David Rugendyke as it became clear that Ethereum would pivot from a Proof-of-Work to a Proof-of-Stake consensus mechanism. To validate on the Ethereum 2.0 base protocol would require a minimum of 32 ETH, some technical skill, and a computer with a CPU processor with four cores and a minimum clock speed of 2.80 gigahertz. Without a solution that lowered the barriers to entry for ETH holders, these hurdles would threaten the decentralization and accordingly the security of the network. Further, even if users could stake, their ETH would remain iliquid until a predetermined lock-up period had lapsed, which would downgrade the user experience for stakers. Even on Rocket Pool, users will be subject to his lock-up period until phase 2 of Ethereum 2.0's roll-out.

Because many staking-as-a-service options are often centralized and custodial (users must relinquish control of their ETH), Rocket Pool aims to provide a solution geared around decentralization and trustlessness. Rocket Pool allows users with as little as .01 ETH maintain custody of their funds and to stake towards any node operator of their choosing. Node operators on the protocol are those who validate or attest to transactions on Ethereum 2.0 and must hold 16 ETH to do so on Rocket Pool. All potential node operators are given equal opportunity to amass delegation from users.

When users stake towards node operators, they receive rETH, a liquid ERC-20 token which represents 1 staked ETH that is yield-bearing. As long as ETH assets are staked towards Rocket Pool node operators, users can do with their rETH what they please. This includes interacting with other DeFi protocols.

According to the hourly and daily chart of the price, it can be seen that aETH was not dependent on the price of ETH in a long period of time, but at the beginning of May, this dependence increased and their prices were close to each other. The rest of the tokens are more dependent on ETH. In the case of rETH, always It has been higher than ETH and lower than aETH. The aETH token seems to essentially follow ETH price fluctuations in terms of stabilization

In the graphs, you can see that as mentioned above, aETH does not follow ETH in many changes, and you can see how it is far from ETH with the average price of -8.8, but the amount in stETH and rETH are less and these two tokens are almost similar in percentage

In the swap charts, it can be seen that the activities increased in May 2022 stETH has the most activity, followed by rETH and aETH with a huge difference. However, activity started to decline from July 2022. It can be seen that the activity of swap aETH was the most active in the month of February to January, but it decreased in terms of exchange and return. The highest rETH activity was at the beginning of July, this activity increased in March and reached its peak in July

stETH has the most swap activity in Ethereum derivatives and its input and output in May and Jun have reached their peak

Conclusion

According to the hourly and daily chart of the price, it can be seen that aETH was not dependent on the price of ETH in a long period of time, but at the beginning of May, this dependence increased and their prices were close to each other. The rest of the tokens are more dependent on ETH. In the case of rETH, always It has been higher than ETH and lower than aETH. The aETH token seems to essentially follow ETH price fluctuations in terms of stabilization

In the graphs, you can see that as mentioned above, aETH does not follow ETH in many changes, and you can see how it is far from ETH with the average price of -8.8, but the amount in stETH and rETH are less and these two tokens are almost similar in percentage In the swap charts, it can be seen that the activities increased in May 2022 stETH has the most activity, followed by rETH and aETH with a huge difference. However, activity started to decline from July 2022. It can be seen that the activity of swap aETH was the most active in the month of February to January, but it decreased in terms of exchange and return. The highest rETH activity was at the beginning of July, this activity increased in March and reached its peak in July

stETH has the most swap activity in Ethereum derivatives and its input and output in May and Jun have reached their peak