GM
Welcome to issue #9 of Dune Digest. Wow, the last couple of months went fast!
Ready for some killer dashboards? We’ve got what you need - let’s get into it.
DEX Aggregators - a shifting landscape?
DEX aggregators were a great innovation in the DeFi space. These platforms bring together liquidity from different DEXs to offer users better token swap rates than they could get from any single platform.
One of the most popular dashboards on Dune is DEX Aggregators by @sui414, which compares some key stats of the key players. Let’s see what we can learn.
The three aggregators covered are 0x API, 1inch, & Paraswap. We can see a strong overall growth trend through the latter half of 2021:
This volume is dominated by market leader 1inch, with 0x API a close second and Paraswap capturing a healthy share of what’s left.
The visualisation of monthly market share also shows that 1inch dominance has waned slightly over the past few months, with Paraswap also losing some ground as 0x API sees strong growth.
If you’re interested in the DEX aggregator landscape, check out the dashboard and give it a bookmark for future reference.
We should also note that there has been some instructive debate around this data on Twitter. It is worth reading through the comments if for more context.
Entropes “multiplayer art” NFTs
Entropes is an NFT project with an interesting twist they call “multiplayer art”.
Every Entrope starts as a simple circle which evolves every time it is transferred.
The artwork gains in complexity every time it is shared and new elements are added, leading to some lovely pieces.
To investigate the project @0x61656c built a great dashboard and released it this week.
Firstly, we see that the total supply of Entropes is 2,358.
How about evolutions? So far, Entropes have evolved almost 9000 times!
The majority of Entropes (1509) have evolved between 1 & 10 times, with a long tail of more evolved pieces. Just 37 have evolved more than 20 times so far:
With 708 still to transfer for the first time, there’s a lot of room for evolution.
To learn more about this interesting project and follow trends around it, check out the full dashboard
Learn all about Olympus Bonding
Olympus can be a little intimidating to understand to the uninitiated. It is worth the effort though, and there are a ton of great resources to help.
One such resource is a new Dune dashboard - Olympus ($OHM) Bonding Overview - built by @ilemi.
This excellent dashboard takes us on a journey through OlympusDAO Bonds with written explanations and key data visualizations.
We can learn what bonding is, and see the interesting relationship between premium and daily deposits - with deposits trending healthily up over time slightly lagged by premium.
There’s another interesting section on protocol owned liquidity, with a forked query from @shadow.
According to @ilemi:
Protocol-owned liquidity (POL) is important for both revenue and price stability of a token (IMO more so than the stake and rebase portion). It's worked so well that they now own > 99% of LP tokens for OHM-DAI and other pairs.
It’s too much to cover completely here - there is so much more in this dashboard.
A must if you want to learn more about Olympus bonding, check it out.
The who, where & when of liquidation
As we know, there has been a little “turbulence” in crypto markets as of late. What’s the damage?
@dslav put together a handy dashboard covering DeFi liquidations, so let’s find out.
Over the past 7 days, there has been almost $70 Million in liquidations:
When we look at the past 30 days, we can see more than $90,000,000 liquidated on Aave, Compound and MakerDAO:
With almost all of this happening last Saturday on the 4th:
The breakdown of liquidations by time of day is as follows:
Day: 21.8%
Evening: 21%
Morning: 27.4%
Night: 29.9%
Our sympathy if you woke up to an unpleasant surprise…….
Check out the full dashboard to learn more.
Cometh is blending NFTs & DeFi
Cometh is a blockchain-based game describing themselves as a “DeFi powered game with yield generating NFTs”.
@hildobby made a dashboard earlier tracking this gamified DeFi project so lets take a look.
A key part of the game is the MUST token. Players mine tokens using their “spaceships”, which are NFTs.
Total supply is now at 1,056,607, check out the breakdown on Ethereum vs Polygon:
Players navigate the Galaxy and position their spaceships to link up with others and mine tokens. When another player uses their spaceship, they earn MUST.
The total supply has not grown a huge amount:
But that’s because the majority of the supply is on Ethereum, but the gaming action itself takes place on Polygon, where we can see significant supply growth:
This dashboard is still a work in progress so keep an eye on it if you’re interested in the project. Check out the dashboard to learn more.
More Dashboards
There’s never enough space to fully cover all the amazing creations that pop up on Dune every week. Here are a few other awesome ones:
GN
We hope you enjoyed this week’s issue. Thanks to all the amazing Wizards for their work.
See you on Twitter and Discord in the meantime, and we’ll be back again next week with another roundup of dashboards and data…….
Have a great weekend!