GM
Welcome Wizards to another edition of Dune Digest.
The Dune team caught up in person in lovely Italy this week, discussing plans and direction for the future. It was a great time, and very productive 🥂
Also - some good news for all you aspiring wizards who want to learn Dune, now all the videos from OurNetwork’s amazing course on crypto data analysis (with Dune) are on YouTube!
Now let’s get into some data and dashboards…….
$APE - Bored Ape Yacht Club’s new Governance Token
BAYC has come to epitomize the NFT world - to both collectors and haters alike. Since launching in 2021 it’s been an insane ride, with over $1.3 Billion in total sales, celebrity hype, and legions of apes seeming to take over Crypto Twitter.
For a general overview of BAYC, check this dashboard by @metaland out. You’ll see how average sale price just kept on booming throughout 2021 hitting a crazy peak of over $300,000 last month:
One thing that stands out about BAYC is the strength and enthusiasm of the community, and this week they were rewarded……
Yuga Labs, the business behind BAYC, made an impressive $127 Million in net revenue in 2021 and expects that to rise to $455 Million in 2022. They plan to achieve that through various initiatives like virtual land sales, gaming and virtual experiences.
Key to this ecosystem expansion will be a token - ApeCoin ($APE) - announced on Wednesday in this thread:
The total supply of $APE is 1 Billion.
15% of the total (150 Million) are available for the airdrop, and the Airdrop king @hildobby put out a dashboard tracking the action.
Let’s take a look at what happened so far……
15,172 addresses holding Bored Apes, Mutant Apes, and Bored Ape Kennel Club Dogs were eligible.
So far, more than 83% have claimed!
Out of the 150 Million $APE tokens available, more than 75% has been claimed already!
This was a highly anticipated airdrop. Many were waiting eagerly for it, and over 60% of eligible addresses claimed within 5 hours of the drop going live.
It’s no surprise, Bored Ape holders have made a killing. Here’s the allocation:
So how much is that worth? We can check another dashboard - ApeCoin by @Marcov - to find out.
Currently the price of $APE is sitting at $15.65, so here’s what the airdrop is worth at time of writing:
Bored Ape: $157,939
Bored Ape + Kennel Club: $171,333
Mutant Ape: $31,951
Mutant Ape + Kennel Club: $45,345
Bored Ape true believers were certainly rewarded!
There has been a flurry of trading activity since the token launch, with 106,671 transfers in total and 45,574 today. Price has fluctuated, hitting a high of $18.97 earlier today:
We can also see a large spike in BAYC NFT sales on Thursday - hitting 160:
Sales value also rocketed to a daily value of $47,100,535!
Congratulations to all those who got the airdrop, and we hope for a successful future for the ecosystem.
To dive into more stats:
Cubo Money
Cubo Money is a node protocol on Polygon that “automatically adjusts its supply in order to maintain a stable yield forever”.
A nice dashboard came out this week covering the protocol, which works by users pairing 1:1 $CUBO to $DAI to create a node.
In total 3,172 nodes have been minted. There are 8 different kinds, each requiring different levels of investment:
Which are the most popular? Here’s the breakdown:
Planck - 309
Femto -141
Pico - 89
Nano - 1,312
Mini - 551
Kilo - 326
Mega - 358
Giga - 84
Nodes created daily levelled off in mid-to-late January while the cumulative total shows a healthy trend:
Cubo is paying out 19,502 rewards daily - $239,480 on average.
The $CUBO token is sitting at a 24hr high of $14.75, and is around 50% off its ATH at the end of February:
To learn more about reward distribution, token stats, and node data - check out the full dashboard!
STEPN
STEPN is a pretty unusual protocol. It bills itself as:
“A Web3 lifestyle app with social-fi and game-fi elements”
We’ve all heard of “play-to-earn”, but STEPN is the first time we’ve heard of “move-to-earn”.
STEPN’s front-end is a GPS-based game that tracks your movements and steps, much like a Fitbit. The back-end runs on Solana though, and you’ll need to exchange $SOL for the native $GST token. You can use it to buy a pair of “virtual sneakers” in the form of an NFT, which enables you to start moving and earning rewards.
A simple but interesting dashboard was released by @0xpineapple covering the protocol this week.
Daily new users have been growing healthily, really taking off early this month:
Thousands are signing up and depositing every day (3472 yesterday) - with total users now at more than 37,000.
It’ll be interesting to see how this protocol evolves as it explores new ground. Check out the dashboard for more, and also check out this dash by @yehjames that dives into STEPN’s financials.
Uni vs Sushi
A dashboard was released this week by @Treaqura giving an overview of active users on Uniswap vs Sushiswap.
Uniswap is still king in terms of users - will almost 5x more than its rival over the past year:
Here’s how it looks broken down by month, with relative shares shifting slightly but no reversal of roles or severe challenge to Uniswap’s dominance:
On Polygon things are slightly different, since there’s a third player in the mix. Quickswap is a Sushiswap fork that launched on the network in late 2020.
Quickswap leads the field on Polygon, accounting for the majority of transactions and unique users over the past few months:
Interestingly, although Quickswap has significantly more daily transactions and users - Uniswap is back to dominating market share. It seems that Quickswap is favoured by smaller traders while whales are sticking to Uniswap!
Check out the full dashboard for way more stats, this is a cool one!
More Dashboards
GN
Thanks for reading everyone - and thanks to all the amazing Wizards for their hard work in making the dashboards.
See you again next week.
The data must flow…….. 🧙♂️🧙♂️🧙♂️