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.
[Thread 🧵]
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.
[Thread 🧵]
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)
* 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.
* #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#StepN has withdrawn funds from the fee wallet multiple times throughout Q3
I've assumed that all withdrawn funds ($SOL, $BNB, $ETH & $GMT) were sold for $USDC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: $15.9M
#StepN has withdrawn funds from the fee wallet multiple times throughout Q3
I've assumed that all withdrawn funds ($SOL, $BNB, $ETH & $GMT) were sold for $USDC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.
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
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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