Wallet Balances & Ecosystem Growth
Introduction
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In this analysis, You will Read About Osmo Ecosystem and user balances. We want to know how user balances changed over time. I went through Osmosis Ecosystem and analyzed these parameters:
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the ratio of liquid to staked OSMO
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Osmo 100 Holders in January and October
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Average OSMO/wallet and user growth.
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Holders Breakdown
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Share of Holders
Analyzed by Hess - Reading Time Almost 7 Min.\n
Top 100 Holders
- I extracted the top 100 Osmo holders in January and October and looked for changes. I found 31 wallets of January top holders were not on the top 100 wallets in October. It means 31% of wallets weren’t top holders anymore over time. 69% of January wallets are still in top 100 Osmo holders.
Average Osmo Per wallet and Users Growth
- This chart is amazing. perfectly shows the average Osmo Per wallet and users growth over time. As you can see easily, The average Osmo per wallet was 2.5-3K Osmo in May but over time dropped 50% and reached 1-1.5K. Also, The total number of holders increased up to 500% and reached 70K to 424K. Overall, The average Osmo per wallet is 1106 Osmo.
Holder changes
- The total amount of Osmo per wallet has changed over time. During January, The large group of Holders holds 1K-10K Osmo but during October, The large group of users holds up to 1 Osmo. The second large group of users holds 1-10 Osmo during January but during October, The second large group of holders holds 100-1K Osmo.
Conclusion
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There were some clear changes over time in Osmosis.
- The Ratio of staking has changed over time. Staking increased and Adding liquidity decreased.
- 31% of top holders in January changed in October.
- The average holding of Osmo per wallet decreased from 3K to 1K while the total number of new users increased from 70K to 424K.
- The Osmo amount of holding changed since January completely. The large group of users holds 1k-10K in January while the large group of users holds up to 1 Osmo in October.
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What are holders?
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“HODL” is a misspelling of “hold,” referring to the buy-and-hold strategy among cryptocurrency investors. The “holding” strategy helps investors avoid realizing losses from the short-term volatility of cryptocurrencies and gain returns from long-term value appreciation.
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What is Osmo?
- The Osmosis token (OSMO) is used to vote, stake, and provide liquidity throughout its pools. Superfluid staking, a process novel to the Osmosis protocol, allows users to stake assets to secure the network while simultaneously providing assets in a liquidity pool.
A Summary of The Most Important Findings
- The staking Ratio increased over time. Since May 2022, 66% of users staked and 33% of users added liquidity.
- Weekly share of Staking increased up to 70% in comparison to adding liquidity.
- Based on Volume, During May, Up to 70% of the volume was added to Liquidity but over time, The staking volume and shares increased and took added liquidity place.
- 31% of the top 100 holders have changed over time since January.
- Following the user’s growth on Osmosis, The average number of wallets of Osmo decreased from an average of 3k per wallet to 1K Osmo.
- In January, A large group of users hold 1k-10K Osmo in their wallets but in October, The large group of users hold up to 1 Osmo.
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Full Analysis
Stake and Liquidity Ratio
- Between May and June 2022, The total number of stakers and liquidity providers were similar to each other but over time, The total number of stakers increased in comparison to Liquidity Providers. Overall, Osmo had 140K Unique stakers which is 66% of users, and 70K unique Liquidity providers which is 33.4% of users in the last 6 months. As you can see, The total number of stakers increased since September and some weeks Stakers were 2x than liquidity providers.
- Those 130K stakers staked 1.1M times and those 70K liquidity providers added liquidity 670K times. The weekly share of transactions changed over time. The weekly share of adding liquidity was 50% in comparison to staking but over time the weekly share of adding liquidity decreased from 50% to 35% and Staking increased from 50% to 65-70%. I can say that users are more staked than added liquidity.
- Between May and June 6, The volume share of adding liquidity increased up to 75% but after that time, The volume share of Staking increased up to 86%. If we ignore the 6 weeks of May and June, in Almost all weeks the weekly volume share of Staking was much higher than added liquidity volume. Users staked 135M US dollars while users added 96M US dollars in liquidity. It is interesting that the average volume of adding liquidity was higher than staking since July.
THANK YOU FOR READING!
ALL CODES AND CONTENTS WERE WRITTEN BY HESS.