The State of Osmosis — July 11, 2022
Osmosis is the largest DEX within the Cosmos Ecosystem, allowing liquidity to flow throughout all IBC enabled chains seamlessly and in doing so allowing interchain commerce to exist. With the recent passing of the “Thirdening” and an ever growing data pool, we will be analyzing the state of Osmosis.
An Overview of Token liquidity
In the current market conditions, Osmosis continues to show strength in its ability to maintain and recover liquidity. Both Wrapped Ether and Wrapped Bitcoin continue to increase in token weighted liquidity, showing a gain of 3.95% and 1.63% respectively.
Bitcoin, Ether and USDC now account for 27.6% of Osmosis liquidity and have shown the largest gains proportional to dollar values over the last 60 days. However the number of ATOM tokens have continued to decrease within the ecosystem over the last 60, 30 and 7 days. It would appear a bottom of exiting ATOM tokens is near based on the diminishing percentages.
An Overview of Staking
Osmosis staking has been in an uptrend since the protocol’s inception. At the time of writing staking APR is 31.6% with 125.3 million staked OSMO tokens.
Out of those 125.3 million staked tokens, 20.6% or 32.5 million OSMO tokens are a result of Superfluid staking and its continued growth within the liquidity pools in Osmosis. Currently 14 pools have enabled superfluid staking, with 18.2 million staked OSMO coming from Pool 1.
Both staking and superfluid staked ratios have largely recovered from the Terra debacle, with staking showing a faster rate of recovery when compared to super fluid staked ratios.
Osmosis Recovery Underway
An overview of token liquidity over the last 60 days shows Osmosis is continuing its recovery. Ethereum, Bitcoin and USDC now make up over 20% of token liquidity and continue to increase in share of TVL.
With TVL now sitting at 154 Million USD, a review of https://info.osmosis.zone/ graphs shows the number of OSMO tokens continues its gradual increase, this shows the use of the platform has not waned in the current market conditions.
Additional to TVL, the number of staked OSMO tokens has been in an uptrend since the platform inception even as APRs have decreased significantly, showing the long term outlook remains positive.
Overall, the Osmosis liquidity continues to attract new users with competitive rates, ease of use and an ever expanding suite of products. The number of tokens within Osmosis shows users remain interested in providing liquidity and accessing various ecosystems, regardless of market conditions.
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