The Splinterlands governance token SPS has seen some uptrend in the last weeks. The token was launched in July 2021, has been on a run at first and then some down trend. Now we are seeing so upwards action.
More info about the token in the SPS whitepaper.
Here we will be looking at:
- SPS transferred to BSC
- SPS transferred to Hive Engine
- Top accounts that transferred out SPS
- SPS staked in game
- Top accounts that staked SPS
- Overall supply, liquid vs staked
- SPS Price and Market cap
The period that we will be looking at is July 26, 2021 till February 15, 2022.
SPS Transferred Out Of The Game
Here is the chart for the both, transfer to Hive and BSC. This is sort of transfers to exchanges for the token.
The orange bar is BSC and the pink one Hive.
A lot of movements in the first days, a downtrend afterward, and a gradual increase towards November. Some small downtrends since then again. Overall, quite a steady volume in the period.
Note that transfers out of the game doesn’t mean that these are claimed and transferred tokens. Transferring tokens between markets, arbitraging, etc is taking a big part of this. The supply of the SPS keeps increasing and the volume for transfers as well.
Looks like the transfers to Hive Engine are now catching up and are on the same level or more then the transfers to BSC.
Note on the transfers. As mentioned above this is sort of transfers to exchanges data, but its not net transfers. There are also transfers IN the game, from the exchanges, and the overall result in SPS transferred out is lower then the above.
I’ll try to include the transfers IN in the future posts.
Top Accounts That Transferred Out SPS
Who is transferring out the most? Here is the chart.
This is a chart for November only.
@toni.point is on the top here by a lot followed by @sm-usd. Some of the transfers above are most likely due to arbitrage between Hive Engine and PancakeSwap, where users use the game as a bridge.
Staking
What about staking? Are players staking some SPS? Here is the chart.
A total of 280M SPS staked at the moment. SPS staking has been constantly going up as players receive the airdrop.
Note: the above is a net staking, meaning staked and unstaked SPS combined. The data is collected from the blockchain. There is no record of cancel unstake operation and I have made some adjustments for it. Its not a 100% accurate data.
Top Accounts That Staked SPS In November
Who is staking the most?
The @spswhale account is on the top here with more then 6M staked. In the last report on the no.1 spot was the @blockchainff account, meaning there has been some changes in the top positions.
An overall data for the top accounts that hold staked SPS can be find on this API.
Overall Supply, Staked VS Liquid
Here is the chart for the overall supply and the staked vs liquid tokens.
Again a note that the staked share is not a 100% accurate.
We can see that the SPS supply keeps increasing, started with 200M and now is at 524M. Approximately once per month there is an expansion of the supply, and this will be happening in the following five years until it reaches 3 billions.
On the staking side, the amount of tokens staked has also been growing, and at the moment there is 280M SPS staked.
Here is the pie.
A 53% of the SPS supply is currently staked.
There has been an expansion in the supply of SPS, but also a lot of staking that has increased the share of staked SPS.
SPS Price and Market Cap
At the end the price chart.
These are average daily prices.
SPS has spiked in the first few days to more than 0.7$, then down to 0.2$. Then up to almost a dollar and a slow drop since then reaching 0.1$ in January. In the last days there has been an uptrend with the SPS price reaching around 0.15$.
The market cap for SPS looks like this.
A similar patterns as the price, with the exception of the last month where we can see a bigger growth in the SPS market cap. This is because of the combination of newly added supply of tokens and the increase in price. The SPS market cap is around 78M now. At it height it was around 210M. Having in mind that some of the top games in the space are in the billions in market cap we can say there is a room for growth in SL even with all the new supply that will be released in the following years.
All the best
@dalz
Posted Using LeoFinance Beta
