As expected

The moment mrgn points went live, activity inside margenfi shot up. From a few hundred weekly users to around 1k, the rush of new accounts ready to accumulate some points is evident.

Though, I also expected to see an influx of users that had just created their new accounts, but, as the chart down below shows, the average time difference between the account creation in solana and their interaction with margenfi, only grew.

Meaning that the accounts that did arrive after the announcement of mrgn points are old accounts and not mint new ones. At least in their majority.

The solana airdrop season just started, and everybody is rushing to get these sweet tokens.

But this beg the question, is this actually attracting new users? And what impact is having on margenfi activitys?

Interestingly, lending and borrowing both increased in their activity, but not equally.

• The amount of transactions per day, was already in high frequency before the aidrop announcement. But, the usd volume of these just shot up

• From activitys that hovered the tens of millions to almost half a billion in volume through lending and borrowing.

Also, as expected

• The predominant token is the mainnnet token, SOL. Followed not closely by usdc, which comes as a surprise considering its dominance in another blockchains.

• Even USDC usd volume doesn't come near to its presence in others chains, which comes as a surprise.

• Bonk and Msol are relatively low volume tokens.

Finally, users as seen in the first chart, did rocket up.

• Lending, as a farming option, is by far the preferred defi action, both through the year and by tokens.

• And in token preferences, while the volume of usdc was not closer, in amount of users is closer to what it should be expected considering the overrall ecosystem preferences to circle's stablecoin.

So,

• The mrgn points airdropping movement has actually brought interesting blood to its lands.
• The overall life expectancy of accounts did increase, contrary to what is expected of highly expected airdrop announcements.
• These new users brought high level trading, and defiing volumes to marginfi.
• We can point to a possible succesful airdrop campaing if these numbers are indeed correct, though, the possibility of sleeper accounts waiting for airdrops is not to be discarded.

Cheers and happy airdropping.