Avalanche Ecosystem Growth
Analyze the Avalanche Labels data to identify the sectors of the chain that have the highest growth in user activity, transaction volume, and liquidity volume over time. For each sector, create a separate tab and list the projects and protocols that contribute the most to its growth.
Also, examine which sectors and projects/protocols have the most engaged and loyal users. Compare the number of transactions per wallet across different sectors and projects/protocols. Measure the retention rate of users over time for each sector and project/protocol.
The aim of this dashboard is to present a comprehensive analysis related to the activity of various sectors on the Avalanche blockchain. For this purpose, this dashboard is divided into the following parts:
- Sectoral analysis of the Avalanche
- Popular programs/projects on each sector
Avalanche is designed to be highly scalable, fast, and secure, making it suitable for a wide range of applications.
One of the key features of Avalanche is its consensus protocol, which is known as Avalanche-X. This consensus protocol is based on a new approach called "meta-consensus," which enables the network to reach consensus quickly and efficiently. The protocol uses a combination of Proof-of-Stake (PoS) and Byzantine Fault Tolerance (BFT) algorithms to achieve consensus.
Another important feature of Avalanche is its subnets. Subnets are independent blockchains that can be created within the Avalanche network. These subnets can be customized to suit specific use cases and can be used to create private or public blockchains.
Avalanche also supports smart contracts, which are self-executing contracts that are stored on the blockchain. Smart contracts can be used to automate complex business processes and eliminate intermediaries, thereby reducing costs and increasing efficiency.
Overall, Avalanche is a promising blockchain platform that offers a unique combination of scalability, speed, and security. Its consensus protocol and subnets make it highly customizable and adaptable to a wide range of use cases. With its fast transaction speeds and support for smart contracts, Avalanche has the potential to become a leading blockchain platform in the years to come.
The data provided by Flipside has been used to handle this analysis.
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The sectoral analysis on the Avalanche network has been done by the use of the Labels of the tables provided by Flipside.
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After investigation of the sectors of the Avalanche network, the projects/programs on each sector have been analyzed by the use of the various metrics:
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Metrics:
- Transaction volume and fee analysis
- Users and retention
- To determine the retention of each project/program, the average active days of the users on each program have been determined. After that, the top projects have been arranged based on the highest retention indicator.
- The liquidity flow into the program/project on the Avalanche network
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Note: The time frame of this investigation can be set by the reader of this dashboard. Also, the time basis can be changed from Daily to Weekly and Monthly