1/ Over the last year there has been a growing presence of non-IBC assets coming to Cosmos.
The integration of $AVAX and $MATIC liquidity within @osmosiszone depicts some of the strongest growth of liquidity this year.
Let's breakdown it down.🧵👇
2/ The addition of @avalancheavax and @0xPolygon brought with it, some of the most liquid assets within crypto right to the Cosmos Ecosystem.
Both $AVAX and $MATIC have vibrant ecosystems ranking in the top 10 largest projects by TVL.
3/ With $MATIC being added in late December 2022 and $AVAX January 2023.
We will breakdown both Avalanche and Polygon's:
1️⃣ Trading Activity
2️⃣ Transfers
3️⃣ Liquidity Source
Let's dig in 👇
4/ $AVAX Trading Activity Pool
Analyzing the trading activity of $OSMO/ $AVAX
- Since the listing, the majority of trades have come from Avalanche.
- Avalanche is volume $466K USD and for Osmosis $256K USD
- Majority of fees derive from Avalanche liquidity
5/ $MATIC Trading Activity
The bulk of the trading activity occurred after incentives 12/19, since then:
- $1.7M in trading volume vs. $147K prior
- Swap size increased from $30 to >$200.00
- 98% swaps occurred after incentives
6/ 2️⃣ $AVAX Transfers
Daily volume has primarily come from @avalancheavax liquidity coming into Osmosis.
- 492 $AVAX come into Osmosis per day.
- Senders are concentrated amongst a few users
Since incentive launch, 239 unique wallets have swapped $AVAX on Osmosis
7/ 2️⃣ $MATIC Transfers
The majority of transfers occurred after $OSMO incentives were added.
- 99% of the volume occurred after incentives
- Volume went from $400 ➡$9k per day
- 83% of $MATIC transfers occurred after incentives
8/ Additionally users bringing @0xPolygon liquidity are not only depositing in the LPs.
Top $MATIC activities occurring by rank: 1. Swapping out MATIC 2. Depositing in LP 3. Trading for other tokens
The other category could be users simply holding their $MATIC
9/ 3️⃣ Where is $AVAX coming from?
The bulk of the liquidity is coming from wrapped $AVAX tokens followed by @traderjoe_xyz
Interestingly, some of the Avalanche liquidity made its way to Osmosis from $SUSHI.
10/ 3️⃣ Where is $MATIC coming from?
A total of 580K $MATIC ($4.2K per day) were transferred into @osmosiszone
- Most which came from @HopProtocol
- The users which did transfer to Osmosis had a large correlation with $SUSHI
- Of the 401 senders over 50% had over 100 TXs.
11/ The data suggest that the incentives offered on @osmosiszone have been effective at bootstrapping and attracting users to #Cosmos.
The growth in $MATIC and $AVAX liquidity, has resulted in increased usage and popularity of the tokens outside the native network.
The market is likely to stay volatile in the foreseeable future, presenting more opportunities along the way.
Key to this strategy is establishing clear goals, practicing patience, allowing your thesis to unfold, and mastering the art of consistent DCA in and out.
$OSMO is this cycle's beta asset to capitalize on Celestia's and Cosmo's growth
A guide. 🧵⬇️
Osmosis is the most interconnected chain in the Cosmos.
It ranks among the highest in terms of both IBC volume, users, and TVL.
$OSMO, by default, ranks among the strongest barometers of the Cosmos.
Here's how to maximize the use of this asset. 👇
1️⃣ Staking
Staking $OSMO is an incredibly simple way to make the most of this asset.
You can earn both from staking rewards and taker fees generated from trading volume, all while increasing your chances of earning airdrops. (More details on this below).
With a pipeline of new projects ready to deploy on mainnet.
Here are the top projects to be on the lookout for in 2024. 🧵⬇️
2023 was an exciting year for the @avax ecosystem.
We saw the return of liquidity, volume, and users. This was driven by a combination of strong BD efforts and exciting project launches.
This year has more exciting project launches and, with this, new opportunities to explore.
1️⃣ @GunzillaGames $GUNZ
The developers of one of the most anticipated web3 games, @playoffthegrid, have raised over $60m to help bring this revolutionary take on the Battle Royale genre.
The $GUNZ token will be a utility token in the Gunzilla economy.