What Will You Read?

In This analysis, You will read about USDC deposits on Pool Together. We want to know In the last month, how much USDC did users deposit into PoolTogether (Ethereum)? What’s the average deposit amount per user?

What is Pool Together?

PoolTogether is a service that lets users stake cryptocurrency into lottery pools for a chance to win a significant weekly prize pool. The prize pools are made up of accumulated staking fees, and you can withdraw your full original deposit even if you don't win.

Method

I used USDC pool together contract address which is 0xd89a09084555a7d0abe7b111b1f78dfeddd638be in ethereum.core.ez_token_transfers table. I put that address as to address and set origin function to '0xd7a169eb','0xffaad6a5' and symbol equal to USDC. Then Calculated all parameters.

The below chart shows the total number of deposits and unique users in the last 30 days. On June 11th, The highest number of deposits occurred with 6 deposits by 5 users.

Let's examine the total daily volume and the average volume of USDC deposits.

• The highest volume of deposits happened on June 14th where about 3M dollars were deposited.
• The highest average of deposits occurred on June 18th when 873K US dollars were deposited.

There were 3 points where cumulative volume increased significantly.

• June 1st: The cumulative volume increased from 247K to 1M.
• June 12th: The Cumulative Volume increased from 2M to 5M
• June 17th: The cumulative Volume increased from 5.6M to 8M dollars.

The below chart shows the top 5 deposited.

• The highest volume that a user deposited was 3M dollars.
• The second one deposited 1.225M dollars.
• The third one deposited 1.195M dollars.

The below chart shows the average volume that users deposited.

• A user with one deposit added 3.3M dollars. So the highest average volume went for that wallet.
• It seems most users deposited below 1K on average.

• In total, the average deposit volume is 136K US dollars.

Conclusion

• It seems not too many users participating in deposits on Pool together.
• The volume is not bad. But one user helps to increase the average and total deposit amount.
• Nearly 60 users used Pool together to deposit their USDC.
• The total deposit volume is about 8.7M dollars.

• In total, 8.7M US dollars deposited on Pool together in the last 30 days.

Thank You For Reading!

Written by Hess

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