Collective mind outperformed the market. This is how we may entitle this article if we were hunting for click bates. In this blog post, we will deep dive into created portfolios during Aspis Portfolio Battle to learn about how different portfolios performed, what assets were included in the majority of portfolios, how many assets were included in portfolios by different market participants and even will try to create a “Collective Mind” portfolio that will represent an average portfolio of top 40 participants during Aspis Portfolio Battle.

General Overview of the Results of the Aspis Portfolio Battle

Aspis Portfolio Battle has come to an end, and we’ve come back with interesting facts and an analysis of the happened portfolio competition.

After 7 days of intense trading, the Aspis Portfolio Battle has come to an end, with 754 users and a total volume traded of 207 million USD. Participants created portfolios using 162 different assets and executed a total of 6211 transactions during the competition. The average number of transactions per day was 780, demonstrating a high level of engagement and activity throughout the competition.

Here you can see the final numbers that summarize the results of our Portfolio Battle:

The most favorite asset traded was Bitcoin, other most popular assets included in the portfolio include ETH, DOGE, ATOM, AVAX, and BNB.

Here you can find favorite assets by traded volume:

Profitability of the portfolios and comparison with the market

Regarding the profitability of the portfolios, due to the market conditions majority of portfolios lose value with an ROI -0.6% and median ROI -0.13%, which is better than BTC (dropped by 7% between the 2nd and 8 of Feb).

• More than 85% of total portfolios outperformed BTC with more than -5% ROI.

• An astonishing number of 249 portfolios have positive ROI (33% of total portfolios)

• 80 portfolios have an ROI of more than 5%

• 47 portfolios have an ROI of less than -10%

How many assets did participants include in their portfolios?

Although winners made just 1 or 2 transactions and showed the best performance with huge returns of 117% and 76% by guessing the right tokens (alpha), they bore with highest risks and could lose all the funds due to lack of diversification. More than half of portfolios, however, had 5 and more different assets.

• 193 portfolios had only 1 or 2 assets in their portfolio (No diversification, all eggs in one place, become rich quickly)

• 373 portfolios had 5 or more assets in their portfolios (57% of total # of portfolios)

Number of portfolios by the number of different assets they bought during the Aspis Portfolio Battle:

Aggregated portfolio of Top-40 portfolios that significantly outperformed the market

We’ve analyzed the top 40 portfolios which had 5 and more assets on balance with ROI > 5% and here how collective mind’s portfolio would look like:

This portfolio performed -0.36% which is 19 times better than Bitcoin during same period.

Here is a table summarizing the “Collective mind Top-40” portfolio performance.

The Aspis Portfolio Battle has been a successful initiative, attracting a diverse group of participants from all over the world. The competition has not only provided participants with an opportunity to showcase their trading skills but has also raised awareness about the importance of financial literacy and education.

In conclusion, the Aspis Portfolio Battle has been a valuable learning experience for all participants, regardless of their final ROI. It has highlighted the need for more financial education initiatives and provided a platform for traders to hone their skills.

Oh and the last thing. We’re preparing for the launch of the Aspis Protocol mainnet and looking for traders and DeGens who have experience using DEXes and DeFi protocol and who want to launch their own portfolio in the same way as in Portfolio Battle but with real liquidity. Fill out this form to join our closed Beta.