Methodology

To answer this question I defined an active user as a distinct address that interacted with the Olympus Protocol on a given day. I then found the average daily price of OHM tokens and plotted the two to compare.

As we see above, the number of daily active users is positively correlated with the price of OHM. The number of users raises as the price of the token raises. The exception to this is on December 15th, when the price is falling and the number of daily users spikes. This is most likely due to users wanting to sell out of their positions as the price tanked.

Conclusion

Active users of OlympusDAO are correlated to the Price of OHM, but only in the long term. Short term swings in the price of OHM are inversely correlated, as users scramble to get out of their positions.