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Methodology
in this dashboard we ae going to analyze FTX and Alameda inflow and out flow
I am going to check SOL and all other Solana token transfers to Alameda and FTX Wallets
then, I am going to check the flow of SOL, SRM and GMT tokens (which were listed among assets that FTX and Alameda invested in them) on Solana ecosystem before and after the collapse timespan.
- SOL: So11111111111111111111111111111111111111112
- SRM: SRMuApVNdxXokk5GT7XD5cUUgXMBCoAz2LHeuAoKWRt
- GMT: 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
Based on the above charts, the number of transactions and also active users on Solana ecosystem has decreased significantly after the FTX & Alameda collapse.
We can see high spikes of users activity on Solana ecosystem during first days of collapse (8 - 10 November), But After that, we can see decreasing trend of active users on this chain as time goes on.
Moreover, in terms of New users, we can see significant decreasing trend of new first-time users on Solana ecosystem as time goes on.
So, the above metrics, are not good news for this chain at all coz the trend line of all metrics was quite decreasing …
As a more clear visualisation, we can see the average number of transactions, active users and also new users before collapse timespan was way more than the timespan after collapse.
Based on the above data, both SOL and other tokens net flow during the past 3 weeks is quite negative. this means (and as it was obvious) the majority of tokens were transferred out of FTX & Alameda wallets during the past 21 days.
We can see the net outflow volume of tokens from FTX & Alameda to Solana ecosystem is 1.94 Billion USD. On the other hand, there are 6.73 net out flow SOL from the FTX / Alameda wallets to the Solana ecosystem.
During the past 3 days, the net flow of transfers from Solana to CEXs was so high (more than 2 Billion USD). This shows there are more and more money exiting from the Solana ecosystem and flowing into the Centralized Exchanges.
In terms of SOL token, we can also see negative net flow meaning that more than 17.42M USD SOL is the net flow of transfers from Solana ecosystem to Centralized Exchanges.
So, the above data are not good news for the Solana ecosystem because there are more and more money transfering out of it.
Firstly on the left chart, we can see SOL, GMT and SRM price over time. As we see, After 6th November the price of all 3 tokens have decreased dramatically.
but since 14th November, SRM token was able to recover part of its lost value while SOL and GMT still have low prices compared to the days before the collapse.
According the above charts, the daily number of transactions and also users with SOL token within the Solana ecosystem after the FTX collapse has increaseg signifncalty.
The highest spike of transactions with SOL in Solana ecosystem has achieved during 17th and 18th November while the highest number of SOL users was achieved on 9th Novemer (second day after the Collapse).
for the GMT, first of all we can see quite low activity (in terms of transactions) with this token within Solana ecosystem after the collapse (which was also low during 2 days before the collapse).
Also, we do not see a signifincat increasing activity of GMT token within Solana ecosystem after the collapse and the total trend line is almost steady before and after collapse.
Similar to the SOL token, we can also see increasing activity of SRM token within the Solana ecosystem after the collapse in both terms of number of users and transactions. We can kinda say the growth rate of SRM token’s activity is more than SOL token’s activity after the collapse timespan.
Based on the above charts, we can see the huge increasing activity of swaps to and from SOL token to other assets since 8th November. highest number of SOL swaps achieved on 8th November but the number of swappers and also volume of swaps on 9th November is more than other days. In addition, we can see a quite an increasing trend of average SOL Swaps volume to the extent that on 10th November, we can see highest spike of average SOL swaps volume.
Moreover, we can see as time goes on , the number of swaps from SOL to other tokens is increasing dramatically. but the difference between volume of swaps from SOL & volume of swaps to SOL is less than the swaps count (Swaps from Volume have more volume in almost all days). So, We can say swappers are losing their trust in SOL token and tend to swap it to other tokens and their number and volume is increasing as time goes on.
On the abovechart, we can see as time goes on, the number of swaps with less than 10 SOL volume is increasing in both swap from and to SOL meaning that there is less whale activity on SOL swaps over time.
Based on the above charts,similar to the SOL token, we can also see the huge increasing activity of swaps to and from SRM token to other assets since 8th November. highest number and volume of SRM swaps achieved on 13th November but the number of swappers on 13th November is more than other days. In addition, we can see quite increasing trend of average SRM Swaps volume till10th November.
As time goes on, the share of swaps from SRM is decreasing and the share of swaps to SRM is increasing over time. But in terms of volume, we can see again increasing share of Swaps from SRM after 14th November.
On the above charts, we can see increasing share of swaps with less than 10 SRM volume as time goes on especially in terms of volume.
Based on the above charts, similar to the SOL and SRM tokens, we can also see the huge increasing activity of swaps to and from GMT token to other assets since 8th November. highest number of GMT swaps and swappers achieved on 8th November but the volume of swaps on 9th November is more than other days. In addition, we can see the average volume of GTM swaps on 17th November is more than other days.
Aso, we can see totally the number and volume of swaps to GMT is more than swaps from GMT.
On the above chart, we do not see any specific trend of a volume-type swap on GMT over time.
On the left chart, we can see increasing activity of Ethereum to Solana on 9th November with a high spike of 35.40M USD volume.
The average volume of bridges from Ethereum to Solana has increased significantly on these days.
But, the volume of bridges is way less than bridges from Solana to Ethereum (below charts)
On the above charts, we can also see quite increasing number and volume of bridges from Solana to the Ethereum since 7th November. Also, there is another huge high spike of bridges from Solana to Ethereum on 17th November.
Maybe this can be users have lost their trust on Solana and tend to bridge their assets to a more safe blockchain like Ethereum.
Dicord : rich_betoo#9127
Twitter : Rih_betoo
in this dashboard i took help from ==Ali3n’s==
dashboard
some Queries and Definitions copied form Ali3n
Thanks alot Dear Ali3n
According to the aobe charts, we can see a significant increasing share of USDC bridges from Ethereum to Solana after 2nd November and its getting more and more as time goes on.
according the right chart
And similar to the previous chart, we can see also quite increasing share of USDC bridges from Solana to Ehtereum after 2nd November especially on 18th November that almost more than 99% of all bridges belong to this asset !
Overall Solana Ecosystem Stats
SOL, SRM and GMT Activity on Solana
SOL
SRM
GMT