Daily Active Users

    Overview of Analysis

    Track how the Flow blockchains daily active users have evolved over time. What about monthly? All-time wallets?

    Recently, we’ve identified some interesting spikes (in both directions) in daily active users. Chart this activity, and try to uncover any reasonable explanations for the results.


    This dashboard is used to find out the Active wallets on Flow blockchain and also track the behavior of these active wallets. This analysis divided into the following parts:

    • Active wallets on Flow
    • User behavior and retention
    • Popular activities by Flow users
    • Active users for each wallet types

    Flow was developed by Dapper Labs, which aims to solve the congestion problem of blockchain for games and interactive applications. Depper now uses Flow for all of his projects, such as NBA Top Shot Flow uses a Proof-of-Stake (POS) consensus algorithm, which requires validators or approvers of transactions to stake a certain number of FLOW tokens in order to participate in the network.

    Another thing that makes the Flow Dapper protocol unique is the use of a new cryptographic technique called "Secret Proof of Expert Knowledge (SPoCKs)". This technique was developed by Team Flow. SPoCKs allow any number of provers to prove to intermediate observers that they have access to the same secret knowledge.

    The active users is one of the most important metrics related to the evaluation of the activity of blockchains. Most of the market activities depend on the presence of dealers and traders who are looking to exploit the large fluctuations in prices and earn profits. Various sectors have been emerged in the crypto universe so, the number of active wallets has expanded.

    Flow and active users
    Methodology

    The data provided by Flipside has been used to handle this analysis.

    • In this investigation, first of all, the determination related to the active users on the Flow blockchain has been made on a weekly and monthly basis. Various metrics like active users, average transaction per user, active user per day, and attraction of newcomers have been evaluated.

    • The behavior of the active users on the Flow blockchain is investigated in the next section of this analysis. The most powerful metrics for this section are user distribution based on the count of interactions, age of wallets, and active weeks.

    • Additionally, I introduced the active users on the Flow blockchain based on the active week of the users (Active for more than 8 weeks).

    • The popular activities among active users of the Flow blockchain have been determined based on their actions and interactions with various sectors.

    • There are different Flow wallets you can choose from. They all serve the same purpose, but each one takes a different approach, supports different features, and makes different tradeoffs. The active users of the Flow blockchain have been divided based on the type of wallet.