DeFi Kingdoms Whale Watch and Key Analytics Report #9 — October 17, 2021

7 min readOct 18, 2021

I am not affiliated with the DefiKingdom team and nothing in this report is intended to be financial advice and is strictly for informational purposes.

Hi DFK Fam -

Here is whale watch and key analytics report number 9. Snapshot was taken around 7:00pm MST on 10/17/21.

Most of you are here because you’ve been following these prior reports or are already part of the community and seeing this in the discord, on reddit or otherwise. For those who are brand new to DeFi Kingdoms or know nothing about this gamefi platform, please see the bottom of this summary for some helpful links to get you started on your journey (and welcome to the family).

Shout outs:

Many thanks to Frothy (Twitter: 0xfrothy) for his help automating several of my processes.
Shout out to Magg for providing me with the raw LP data. You can also check out Magg’s work on the DFK “Watch” where he lists various Dev, bank and pool watch addresses for your viewing pleasure: https://dfkwatch.web.app/
Special thanks to Mr. Zipper as well for his help in pulling hero data for the top addresses. We hope that with the new upcoming API we can pull hero data by top wallets (of the Hero contract) rather than having to search by top xJewel wallets.

Will hopefully be revamping some of the data sets analyzed as well as adding some new metrics for those who love data and how it impacted and impacts adoption of DFK!

-Discord: Samichpunch#2518

-Twitter: @Samichpunch

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WHAT IS THIS? This report focuses largely on xJewel wallets as wallets participating in the LP pools may not always be closely associated with the adoption of the game and are a bit outside the scope of this report. With Community member Magg’s recent help, I am able to add some details on how invested each of the top 10 are into the Gardens in this report. He also provided me some data on what he thinks to be the largest LP holders without regards to xJewel holdings but I wasn’t able to manipulate the data for this report but plan to do so for the next report!

Time since last report: ~7.5 Days

TLDR:

I’m doing away with the TLDR and trying to condense my narrative to what I feel are the most notatble items for each of the charts (each of which are jam packed with interesting data). As such, TLDR heading will be removed in future reports.

xJewel Analytics

Highlights here include number of xJewel wallets increasing by 26.5% and the daily acceleration rate was 4%. When we have xJewel wallets continuing to raise and at increasing speed, that is VERY positive.

One other item to note here is that while top 50 wallet holdings increased, their % of total xJewel (in other words their voting power) decreased by 6.8%. That means wallets outside the top 50 once again grew more than the top 50 wallets, also very positive sign for adoption.

Bank Ratio Analytics

Highlight here is that the annualized Bank Ratio increase was only 62.18% this week, down quite a bit from last week. Until Tavern launches and other in game transactions are generating more bank fees, this will likely remain relatively stagnant. The Annualized rate since launch is inflated by the large spikes from events such as the Gen0 mint fest.

Jewel Analytics

Normal increases with top 50 continuing to decrease every week. This is a great sign of moving towards more and more adoption. I personally don’t mind whales and they serve a very vital function in any tokenomics model and bootstrapping of a project, but it is good to see their holdings continue to go down as a percentage of the rest of the community.

Adoption Analytics

Median wallet decreased by 33%, after decreased 9% and 24% in the last two reports. This means more smaller wallets are entering the bank. This is good because for mass adoption to take effect, even the small shrimp need to feel like it makes financial sense for them to participate and deposit xJewel even if its just $10 here or there. When that catches fire, mass adoption is incoming. That’s why I love to see the median xJewel wallet size continue to go down. With 907 new xJewel wallets since the last report, this means most of the wallets were on the smaller end to push the median down by 33%.

Dappradar metrics are once again up at an astounding rate over the past report with an increase of 27.79% unique wallets interacting with DFK over the past 7 days. Transaction in the past 7 days also up another 35.71%. That’s awesome weekly growth. The trend continues, don’t sleep on this project people.

Top Wallet Movement

Sorry the text is small, I’m working on the best way to present this data. But one new thing in this chart is the number of heroes currently owned by these top 50 xJewelers.

The new top wallet is just new wallet of Moby — so Moby’s heroes are likely still on their old wallet. Hopefully we’ll have the ability to query by the largest hero contract wallet holders soon and provide more data on that front.

I’m not going to get into the weeds on why some of these moved other than to note that its interesting to see how deep some of these wallets are into the game, while others are simply holding Jewel. Some of the latter is due to dev wallets holding Jewel but not participating in the game aspect, which makes sense.

LP Holdings by Top 10 Wallets

Thanks to discord user Magg (Magg is authoring the DFK Watch website, where you can see certain known Dev team wallets and their transactions), I was able to get my hands on some data about the LP holdings of the top 15. It gets more granular than this, but here’s some interesting data on how much of the LP pools these whales hold.

What I was a little worried I would find is that the Top 15 Jewel holdings were only the tip of the iceberg compared to their Garden holdings, but that doesn’t appear to be the case, as all but 4 of them have more value in the Jewel holdings than they do in their current staked garden rewards.

I’m working with the beautiful data that Magg is providing to hopefully share a chart of top LP holdings without regards to xJewel holdings to see what kind of LP whales we have that either don’t believe in holding xJewel or who are not here for the gamification aspect.

Prior Whale Watch Reports

Whale Watch Report #1 — September 21, 2021

Whale Watch Report #2 — September 22, 2021

Whale Watch Report #3 — September 23, 2021

Whale Watch Report #4 — September 24, 2021

Whale Watch Report #5 — September 26, 2021 (Governance Highlight on Voting Patterns of Top 50 Wallets)

Whale Watch Report #6 — September 29, 2021

Whale Watch Report #7 — October 5, 2021

Whale Watch Report #8 — October 10, 2021

DeFi Kingdoms Fan Fiction Competition

You all should head to the community subreddit and check out the submissions for the fan fiction contest. Here’s a link that will take you to all the various posts submitted by community members: DFK Fan Fiction Submission

My Fan Faction submission relates to my rendition of Irae’s sundering of the land in his anger.

What is DefiKingdoms

DeFi Kingdoms is a game, DEX, liquidity pool opportunity, market of rare utility driven NFTs, and it all plays out in the nostalgic form of fantasy pixel art.