Splinterlands Land Resource Liquidity Deep Dive and Growth

Land 1_75 Liquidity Analysis Thumbnail.jpg

Land 1.75 has arrived (March 18th, 2025) and with it brought 3 new resources for us to figure out and work with.

I gave everything 1 day to settle in and then I started my strategy and investment. There were new Liquidity Pools setup for the new resources and so I wanted to take part and see what the profit was from them. Truthfully I am still trying to figure out exactly how they work with their fees and just LP's in general but I get the general idea at least. I am smart enough to be dangerous... 😁

Current State at LAND 1.75

Technically the day after launch. So Wednesday March 19th.

Before I started to do anything I wanted a clean screenshot of the current market. Here is the current market as of March 19th at 3:46 pm EST. (I waited a day to give the market time to actually swap and stake).

You can see a few things from this screenshot even after 1 day of the Liquidity Pools being open

  • $71,230.01 of value in the DEC/GRAIN LP (which makes sense as GRAIN has been around a while at this point)
  • $518.28 of value in the DEC/WOOD LP
  • $488.54 of value in the DEC/STONE LP
  • $969.51 of value in the DEC/IRON LP

What is interesting to me is (ignoring GRAIN for a moment) of the 3 resources there is way more Wood on the Liquidity Pool and yes it doesn't have the highest trading volume.

Pure Numbers at this time:

  • Wood accounts for 68% of the total resources staked.
  • Stone accounts for 19% of the total resources staked.
  • Iron accounts for 13% of total resources staked.

But when it comes to pure 24-hour trading activity is:

  • Wood is 31%
  • Stone is 41%
  • Iron is 28%

Now to include Grain back into the equation there is a total of $73,206.34 of value staked across those 4 Liquidity Pools.

Thursday March 20th Analysis

Now we are going to start to see things settle a little bit but as the day before GRAIN is going to take the cake with total value purely because it's been around way longer.

  • $70,286.09 of value in the DEC/GRAIN LP (which makes sense as GRAIN has been around a while at this point)
  • $789.53 of value in the DEC/WOOD LP
  • $674.69 of value in the DEC/STONE LP
  • $1,593.46 of value in the DEC/IRON LP

The total value of all staked Resources and DEC is $73,343.77. It is interesting that the total value only went up $137.43.

Total Staked Resources (not including GRAIN)

  • Wood has 75%
  • Stone has 15%
  • Iron has 10%

Now if we look at the percentage of the 24-hour trading volume:

  • Wood is 29%
  • Stone is 41%
  • Iron is 30%

Friday March 21th Analysis

Another day and another interesting look at the Liquidity Pools.

  • $67,749.60 of value in the DEC/GRAIN LP
  • $996.64 of value in the DEC/WOOD LP
  • $2,162.13 of value in the DEC/STONE LP
  • $2454.16 of value in the DEC/IRON LP

The total value of all staked Resources and DEC is $73,362.53. Day over Day it only went up $18.76. I assume this means all the big players already staked what they wanted to stake and now it will slowly grow as more smaller fish get into the mix.

Total Staked Resources (not including GRAIN)

  • Wood has 72%
  • Stone has 17%
  • Iron has 11%

Now if we look at the percentage of the 24-hour trading volume:

  • Wood is 20%
  • Stone is 56%
  • Iron is 24%

Wood commands 72% of all the new resources being staked yet only accounts for 20% of the trading volume.
Stone has a tiny 17% of total staked resources but is taking the cake at 56% of the trading volume.
Iron is last in both categories so we can ignore them for a while.

End of the week recap

Here is the breakdown of each of the 3 days.

An interesting look at the new Resources is what each of them cost over these 3 days. This graph depicts the cost of the current Resource to DEC ratio given all that is staked on the day.

ResourceMarch 19thMarch 20thMarch 21st
64.66 DEC66.79 DEC70.74 DEC
4.85 DEC10.78 DEC13.43 DEC
1.46 DEC2.51 DEC1.50 DEC
0.48 DEC0.73 DEC0.82 DEC

What that graph is telling you is that on March 19th if you were to swap 1 DEC it would get you 0.48 Iron. On March 20th that same 1 DEC would get your 0.73 DEC and then on March 21st, again 1 DEC swapped would get you 0.82 Iron.

And what that means is that each Resource is getting cheaper and cheaper day over day. This is good and bad depending on your stance of it!


I really wish that I took a screenshot of the Grain/DEC right before Land 1.75 and then about 2 hours after the upgrade as well but oh well.

My Investment into Staking!

On March 19th I wanted to get into the action. I decided I should start small so I could track the daily earnings for what my investment earns me. This is on a small scale but will be interesting to see over time and LAND 1.75 matures.

What I decided to do was to swap 500 DEC into each resource and then stake that Resource plus the corresponding amount of DEC into the LP.

This is how much of each Resource I was able to get on March 19th.

I already swapped for Grain a week or two ago because I needed Grain to harvest on the 1 plot of land that I bought that already had a Grain farm (which is now Wood).

So here is what I staked into each Liquidity Pool

Liquidity PoolAmount of DECAmount of the Resouce
GRAIN/DEC135.1778,740.741
WOOD/DEC450.7192,154.342
STONE/DEC445.33631.445
IRON/DEC450.364220.492

In Totals that is:

  • DEC = 1,481.59
  • GRAIN = 8,740.741(95 DEC worth on 3/7/25)
  • WOOD = 2154.342 (500 DEC worth)
  • STONE = 631.445 (500 DEC worth)
  • IRON = 220.492 (500 DEC worth)

DEC spent on Resource Swapping = 1,590 DEC
DEC staked along side Resources = 1,481.59 DEC

So all in I am out of pocket 3,071.59 DEC in my LAND Liquidity Pools. I do not intend to invest anymore because I want to keep this Analysis easier for me as the weeks go one 😁

Here you can see my total staked amounts over these 3 days:

March 19th

March 20th

March 21st

You can also see that my investment is pennies compared to what the total is in the pools:

Let's take a look at my pure profit though.

Initial DEC investment into LP's was 3,071.59 DEC.

Now according to the Trade Hub I have made a total of $0.17 in fees but that doesn't take into account value of current resource and DEC. So let's do the math.

ResourcesValue in DECDEC StakedTotals
9,151.698129.38129.380258.760
3,924.407292.248292.248584.496
736.092491.351491.351982.702
297.438361.411361.411722.822
Total Value2,548.780

Given that hard math my total DEC investment (if I was to withdraw everything and swap it all over to DEC) would be a NET LOSS of 522.81 DEC.

So that sucks. 1 thing though is that I haven't taken into account the price of DEC when I swapped them for Resources or the price of DEC currently and honestly I don't care because anytime I swap HIVE for DEC I never intend on withdrawing that DEC down the road.

I want to keep tracking this but more so on a weekly basis as it is very interesting to me to see how these new pools progress over time. I know my investment into them is small and that's okay as I have 5 plots of land currently and at this time I am not producing any resources. I am still just focusing on building mines and such so it will be a while until I have enough resources and lands and buildings to even start that part of my LAND adventure.



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2 comments
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Thanks for the insights, really interesting! I'am also looking at my land after 1.75 but haven't found a good strategy so far.

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