 | 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 Arbiscan API and the Coingecko API for price conversion. 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. 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. Moons in red, WETH in blue, green arrow shows when CCIP-051 was first mentioned The total liquidity in fiat value can be seen here and sits at 180k USD right now. 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. tl;dr: 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. [link] [comments] |
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