Qurestions

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Q1. Analyze deposits and withdrawals into BendDAO over the past month. Provide metrics such as total ETH volume and unique wallets, and explain any interesting findings

Approach

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We collect Tx data from ethereum.core.ez_eth_transfers, where we filter the Tx from the fact that

• BendDAO address is 0x3b968d2d299b895a5fcf3bba7a64ad0f566e6f88
• origin_function_signature of deposition and withdrawal is 0x58c22be7 and 0x36118b52, consecutively

We obtain data and analyze it to answer the question as will be presented

Conclusions

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Overall

• Total deposition is 53.6 ETH, valued 89.8M USD. There are 256 distinct depositing users
• Total withdrawal is 45.8k ETH, valued 76.3M USD. There are 206 distinct depositing users
• Deposition has a little higher activities than Withdrawal

Daily Basis

• First half of the month, the deposition and withdrawal activities are very low
• and increased tremendously in the second half, reaching its peak around the end of the month, and kept dropping after that

ETH distribution

• Deposition
  • Max ETH deposited is 5565 ETH
  • 6.5 ETH splits Tx count in half (Median ETH), while 1050 ETH split ETH volume in half (Avg ETH)
• Withdrawal
  • Max ETH withdrew is 6033.218 ETH
  • 10 ETH splits Tx count in half (Median ETH), while 1450 ETH split ETH volume in half (Avg ETH)
• Withdrawal has higher Median and Average ETH value

Deposition during Aug 2022

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Overall

• Total deposition is 53.6 ETH, valued 89.8M USD
• There are 256 distinct depositing users

Daily Basis

• First half of the month, the deposition value is very low, less than 1k ETH
• Except on Aug 13, the value reached 5.3k ETH (10M USD), however, number of user is still low
• The second half of the month, deposition started to increase, and reach its peak on Aug 25, around 9.4k ETH (16M USD)
• Number of users also increased and reached its peak on Aug 21 at 57 users
• The deposition value and number of users kept dropping after its peak time

ETH distribution

• Max ETH deposited is 5565 ETH

• Deposition of less than 6.5 ETH contribute half of Tx count, but contribute only 1% of ETH deposition

• Deposition of less than 1050 ETH contribute half of ETH deposition (and more than 1050 ETH contribute the other half). If this value is high, it means the platform is more likely to be influenced by Whales.

Withdrawal during Aug 2022

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Overall

• Total withdrawal is 45.8k ETH, valued 76.3M USD
• There are 206 distinct depositing users

Daily Basis

• First half of the month, the withdrawal value is very low, less than 300 ETH
• Except on Aug 6, the value reached 6k ETH (10M USD), however, number of user is still low
• The second half of the month, withdrawal started to increase, and reach its peak on Aug 20, around 15.7k ETH (25.7M USD)
• Number of users also increased and reached its peak on Aug 21 at 55 users
• The withdrawal value and number of users kept dropping after its peak time

ETH distribution

• Max ETH withdrew is 6033.218 ETH

• Deposition of less than 10 ETH contribute half of Tx count, but contribute only 1% of ETH withdrawal

• Deposition of less than 1450 ETH contribute half of ETH deposition (and more than 1450 ETH contribute the other half). If this value is high, it means the platform is more likely to be influenced by Whales.