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    In The Stars

    Stargaze Zone is an IBC NFT launchpad and marketplace, and new launchpad projects drop on mint every Friday at 4:00 PM EST. Does the volume of swaps involving Stars change around this time? Analyze the volume of swaps involving STARS from March 20th until present.

    Introduction

    What is Osmosis?

    Osmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade IBC enabled tokens. The Osmosis blockchain is made up of free, public, and open-source software.

    What is Stargaze Zone?

    Stargaze is one of the first NFT markets to launch in the Cosmos ecosystem. The Stargaze Protocol reimagines the social network, from a strictly crypto-native perspective. Social token ownership and content, as well as profile avatars, are all NFTs within the social network.

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    Methodology

    • We will look at the hourly swaps of the STARS token of Osmosis.

    • We are looking to see if the swaps of STARS occur near the Friday 4:00 PM Mint event.

    STARS Swap metics

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    Observation

    • Since march 20th each day there has been a spike in users swapping to and from STARS right before 4 PM.

    • It seems that there is an increase in swap volume leading up to the drop, but it is not a consistent increase in swap volume leading up to drops.

    Conclusion

    The volume of the STARS token does not seem to change too much based on NFT drops, but the number of STAR trades have a very strange pattern of trading spikes between 3 and 4 pm each day.