Thread by @CryptoEdgar_

1/
An overview of the fees #STEPN accumulated in Q3 on #Solana

Some assumptions were made:
1. #SOL & #GMT leaving the fee wallet are sold for #USDC (not proven)
2. Averages were calculated for some days (infrequency of the data).

I hope everything's clear & can provide value

2/
Daily-earnings (SOL)

It's important to know that @Stepnofficial doesn't transfer their fees daily. This is why I had to calculate averages for July. The numbers are more accurate for August.

Fees dropped from +/- 3,000 SOL in early July to half of this for most of August.

@Stepnofficial 3/
Daily-earnings (USDC)

Translating all the data to USD shows that #STEPN was earning around $100,000 daily in fees earlier on in July. In the recent week, this number has dropped to +/- $45,000 daily.

@Stepnofficial 4/
The total amount of #SOL in the wallet

The graph below shows the inflow & outflow of SOL from the fee wallet. Sudden spikes and falls are due to the infrequent dates and sizes of the transactions

I assume that SOL leaving the wallet is sent to a CEX and exchanged for #USDC

@Stepnofficial 5/
The total amount of #GMT in the wallet

This is the same chart as above but this time for GMT.
In total 23,349.88 GMT was obtained during Q3 (so far).

This amount is pretty insignificant when compared to the earnings in SOL (as the next chart will show).

@Stepnofficial 6/
Cumulative accrued fees over time

The fees wallet contained 121,606 SOL at the start of Q3 (01/07/2022) from which 107,090 was sent out (and I assume, sold for USDC).

It's also clear that #GMT earnings can almost be neglected.

A total of $9.9M has been collected in fees

@Stepnofficial 7/
If you've liked those insights, make sure to Like ❤️ & Share 🔁 the FIRST post.

Link to the first post:

https://twitter.com/CryptoEdgar_/status/1566433556733300737

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