Thread by @CryptoEdgar_

1/ How much did #StepN earn from marketplace fees in Q3?

Let's take a look at the data and compare the numbers throughout the three different realms (#SOL, #BSC & #ETH).

The earned fees should give us some good insights into the health of the different realms.

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2/ Daily earnings (#USD)

* On #SOL they've been decreasing on a daily basis.
* On #BSC slightly increasing until 10/08 with a sudden drop off afterwards.
* On #ETH they're reduced to $1,400.

#SOL & #BSC had a sudden spike in the last 2 days of Q3 (#GMT earnings release)

3/ Key points Daily earnings (#USD)

* #SOL realm remains the biggest earner of fees with 85% daily fees on average last week.
* #ETH realm had +/- 24 days of > $100,000 daily earnings (60% of daily total). Only 1,3% now.
* #BSC realm between 10% - 14% of total since 12/08/22.

4/ Total earnings ($USD)

#StepN has withdrawn funds from the fee wallet multiple times throughout Q3

I've assumed that all withdrawn funds ($SOL, $BNB, $ETH & $GMT) were sold for $USDC

- #Solana: $9.4M (59.1%)
- #BSC: $3.8M (24.1%)
- #ETH: $2.7M (16.9%)
Total earnings: $15.9M

5/ Total Liquid funds ($USD)

Not all collected funds were used in Q3. Some remain in the different wallets.

- #Solana: $1.6M (53.74%)
- #BSC: $565K (18.83%)
- #ETH: $824K (27.43%)

#StepN entered Q4 with about $3M in fees in the wallet.
About $505K (16.5% of total) is in $GMT.

6/ Summary

We'll have to wait and see the official revenue numbers (to be shared by @Stepnofficial) to understand the importance of market fees.

It's clear that the majority of players are on #Solana whilst #BSC has a little over 10% of the players. #ETH has a very small share

7/ All data and visuals above are my data analysis of the #StepN fee wallets. They're meant as a guide to provide transparency.

I hope you've found this thread helpful.

Follow me @CryptoEdgar_ for more.

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