Top Validators

The following charts depict the top validators that user redelegate their OSMO on them. Frens is by far the most loved validator. They have a very active community and offer other rewards and airdrops to their delegators.

Introduction

Osmosis is a proof of stake blockchain with a decentralized exchange application enabling users to create liquidity and trade IBC-enabled tokens.

What is Delegation or Staking?

New blocks on Osmosis are proposed by validators. To enable Osmosis to run seamlessly, validators need the technical capabilities to offer a secure, always on infrastructure. Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.

Why Delegate?

By delegating OSMO, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to OSMO for some time, delegating will help you accumulate more OSMO while contributing to the health of the network.

---

In this dashboard, we are going to examine the following items:

• Provide a daily analysis
• Find top undelegators
• Look for the actions done after delegation
• Examine top validators

Top Undelegators

The chart below shows the top undelegators.

• osmo1m0uae0l23n4d8vfwzqhmrdz53psvwvjczjv35r has dont most number of undelegation.
• osmo1sejtwjc4tkdunekw5d86h9644qeyh87gclzkcf has undelegated the most amount of OSMO.

Actions Done After Undelegate

Let’s see what most users do after they undelegate their osmo, these actions were done 24 hours after they undelegate their tokens.

It can be seen that they mostly swap their osmo to another token, 52% of actions done is swapping osmo to other tokens. They also provide liquidity and delegate their osmo again. the exact numbers and ratios can be seen on the charts below.

Daily Analysis

The first chart shows the price of OSMO, it is here just for comparison. The next chart below shows the daily undelegate (or unstake) count per day, since Oct 2021. The last chart in this section shows the amount of OSMO undelegated each day.

By looking at the charts below, the following can be inferred:

• Before April 2022, the undelegate count is trending upward, but after April, there is a down trend in unstake count.

• On March 2022, the number of undelegates increased sharply, and on March 12, there was a drastic increase in unstake numbers. The reason behind it could be that users saw a double top (from technical analysis point of view) or observed events that could lead to a bear market, therefore they started unstaking.

• On April 20, a high volume of OSMO was unstaked.

• during May 2022, Terra Luna crash happened, this event sent shockwaves throughout crypto market, Osmosis was not safe from these shockwaves.

• during June 8 to 11, Osmo chain was halted due to some exploitations, after that there is a sharp increase in unstake count. read more about exploitation here.

Approach

In this study we are going to use a wide variety of tables from Osmosis schema:

• osmosis.core.fact_staking → This table is used to get all the data required for staking activities, such as delegate, undelegate and redelegate.
• osmosis.core.dim_labels → This table is used to find all the labels for the validators.
• osmosis.core.fact_liquidity_provider_actions → This table is used to find all LP actions.
• osmosis.core.fact_swaps → All swaps done on osmosis can be found here.

In this study, we look only for successful transactions TX_STATUS = 'SUCCEEDED'.

It should be noted that we are using data since October 2021.

We also use the term “undelegate”, instead of unstake.