02-28-2023, 05:27 AM
Moon Liquidity on SushiSwap since launch of Arbitrum Nova
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11dddcf/moon_liquidity_on_sushiswap_since_launch_of/"> <img src="https://b.thumbs.redditmedia.com/kIrcLWTWeMeoepy8z8yFKtgMAKyLk2KgPFQwS__xPvI.jpg" alt="Moon Liquidity on SushiSwap since launch of Arbitrum Nova" title="Moon Liquidity on SushiSwap since launch of Arbitrum Nova" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>While we are all eagerly waiting for CCIP-051 to go live, a lot has happened in the last weeks. I'm not aware of any way to view the history of the liquidity on Nova, so I reconstructed it from the on-chain history. To get the transaction data I used the <a href="https://docs.arbiscan.io">Arbiscan API</a> and the <a href="https://www.coingecko.com/en/api">Coingecko API</a> for price conversion.</p> <p>Let's have a look at the largest Moon liquidity pool, the MOON/WETH pair on SushiSwap- When the proposal was made ~18 days ago, Liquidity was fluctuating between 200k and 250k Moons while the amount of WETH just reached an ATH of over 24 WETH from the recent moon rally.</p> <p>Today, not even 3 weeks later we are sitting at 479k Moons and 54.4 WETH. It more than doubled since the proposal was made, and the rewards aren't even live yet.</p> <p><a href="https://preview.redd.it/bvn7h4nksqka1.png?width=1276&format=png&auto=webp&s=d6d77953667d7f0fbdc13d87d843e878604fc300">Moons in red, WETH in blue, green arrow shows when CCIP-051 was first mentioned</a></p> <p>​</p> <p>The total liquidity in fiat value can be seen here and sits at 180k USD right now.</p> <p><a href="https://preview.redd.it/nk5ud1pisqka1.png?width=1272&format=png&auto=webp&s=e2d4fe45a02f434ca5f7eee8bddc98e9e2e6afa3">https://preview.redd.it/nk5ud1pisqka1.png?width=1272&format=png&auto=webp&s=e2d4fe45a02f434ca5f7eee8bddc98e9e2e6afa3</a></p> <p>​</p> <p>I don't know where this will be going - did all interested people already add liquidity, or are some still waiting for the rewards to live? But one thing seems clear: While Moons have pumped before, they never got such amazing support by increased liquidity before. </p> <p>​</p> <p><strong>tl;dr:</strong> Moons are finally growing up - not only did we get the first real lasting use case with the banner, but we also more than doubled liquidity in less than 3 weeks.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Maxx3141"> /u/Maxx3141 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11dddcf/moon_liquidity_on_sushiswap_since_launch_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11dddcf/moon_liquidity_on_sushiswap_since_launch_of/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11dddcf/moon_liquidity_on_sushiswap_since_launch_of/"> <img src="https://b.thumbs.redditmedia.com/kIrcLWTWeMeoepy8z8yFKtgMAKyLk2KgPFQwS__xPvI.jpg" alt="Moon Liquidity on SushiSwap since launch of Arbitrum Nova" title="Moon Liquidity on SushiSwap since launch of Arbitrum Nova" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>While we are all eagerly waiting for CCIP-051 to go live, a lot has happened in the last weeks. I'm not aware of any way to view the history of the liquidity on Nova, so I reconstructed it from the on-chain history. To get the transaction data I used the <a href="https://docs.arbiscan.io">Arbiscan API</a> and the <a href="https://www.coingecko.com/en/api">Coingecko API</a> for price conversion.</p> <p>Let's have a look at the largest Moon liquidity pool, the MOON/WETH pair on SushiSwap- When the proposal was made ~18 days ago, Liquidity was fluctuating between 200k and 250k Moons while the amount of WETH just reached an ATH of over 24 WETH from the recent moon rally.</p> <p>Today, not even 3 weeks later we are sitting at 479k Moons and 54.4 WETH. It more than doubled since the proposal was made, and the rewards aren't even live yet.</p> <p><a href="https://preview.redd.it/bvn7h4nksqka1.png?width=1276&format=png&auto=webp&s=d6d77953667d7f0fbdc13d87d843e878604fc300">Moons in red, WETH in blue, green arrow shows when CCIP-051 was first mentioned</a></p> <p>​</p> <p>The total liquidity in fiat value can be seen here and sits at 180k USD right now.</p> <p><a href="https://preview.redd.it/nk5ud1pisqka1.png?width=1272&format=png&auto=webp&s=e2d4fe45a02f434ca5f7eee8bddc98e9e2e6afa3">https://preview.redd.it/nk5ud1pisqka1.png?width=1272&format=png&auto=webp&s=e2d4fe45a02f434ca5f7eee8bddc98e9e2e6afa3</a></p> <p>​</p> <p>I don't know where this will be going - did all interested people already add liquidity, or are some still waiting for the rewards to live? But one thing seems clear: While Moons have pumped before, they never got such amazing support by increased liquidity before. </p> <p>​</p> <p><strong>tl;dr:</strong> Moons are finally growing up - not only did we get the first real lasting use case with the banner, but we also more than doubled liquidity in less than 3 weeks.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Maxx3141"> /u/Maxx3141 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11dddcf/moon_liquidity_on_sushiswap_since_launch_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11dddcf/moon_liquidity_on_sushiswap_since_launch_of/">[comments]</a></span> </td></tr></table>