What is Osmosis?

Osmosis is a DEX blockchain zone of the Cosmos Hub ecosystem, thus making it compatible with networks using the Inter-Blockchain Communication (IBC) protocol. Osmosis has a customizable AMM different from Uniswap and Curve because it allows users to deploy sovereign liquidity pools. This means that each Osmosis liquidity pool is like an independent decentralized autonomous organization (DAO), where liquidity providers can vote to change the parameters of the AMM formula for their pool.

What are the top ten most popular contracts on Osmosis?

As we see, OSMO/ATOM is the most popular pair on Osmosis with 227,163 transactions, followed by OSMO/LUM with 180,844 transactions !!! It was shocking because, before this bounty, I thought OSMO/USDC or ATOM/USDC would be in the top three pairs with most transactions, but now I see it has 7th place!!!

What is the cumulative total of contracts launched on Osmosis?

again, I used the Osmosis.core.fact_swaps table to calculate the cumulative total of the contracts that were launched on Osmosis since May.

Methodology

I used the Osmosis.core.fact_swaps table to find the contracts with the most transactions since May and used to join to Osmosis.core.dim_labels table to find pairs names of the pools.

To answer the third question, I counted all tx_id to find the total number of swap transactions per day since May.

Finally, to mention any spikes since the Terra crash or other noteworthy events, I used to find swaps with currency_from Osmo to compare the number of swap transactions better.

Have there been any spikes since the Terra crash or other noteworthy events?

From the chart, we can find that there was no swap transaction on Osmosis from June 9 to June 11, and that was because of the Osmosis chain halt between June 9 to June 11. On June 8, 2022, Osmosis confirmed that some of the liquidity pools had been attacked and lost in the size of ~$5M, so they decided to halt the chain.

Conclusion

During this dashboard, we explored Osmosis's swaps to answer the questions about the top ten most popular contracts on Osmosis, the cumulative total of contracts launched on Osmosis, and to interpret any spikes since the Terra crash or other noteworthy events.

Terra crash and its effects

In early May of 2022, the UST stablecoin of the Terra ecosystem lost its peg. In response to this, there was a bank run on UST. This bank-run destroyed the price of UST and led LUNA to hyperinflate. In those days, the whole chain was trying to reduce the Osmosis network's exposure to the de-pegging of the UST token.

Also, from the chart we can find that, the number of transactions from LUNC increased significantly on those days