Introduction

War, the shadow of global security threats, the energy and food crisis, government policies for and against digital currencies were all factors that affected the market. Large acquisitions by corporate buyers such as Micro-Strategy and the Luna Guardians Foundation (LFG) have also been drivers of market growth in recent days.

Methodology

We are going to check the number of unique wallets that have been sent transaction since February 1 in four blockchain of Algo, Ether, Solana and Terra. To do this, we went to the databases of these four blockchains and counted the number of unique wallets.

َAlgorand

First we go to the Algorand network and count the number of unique wallets that have sent transactions since February 1. The chart below shows the number of these wallets

As we can see, the number of sending transactions has started to increase since February 15 and reached its peak on February 22, when the price of Bitcoin fell from $ 44,700 to $ 34,500 and the price of Algo fell from over one dollar to about 70 cents.When the price recovered slightly and moved to 45,000, we still see an increase.But it seems that these sudden jumps in March have decreased and users are more calm and relaxed in the market.

Ethereum

The chart below shows Atrium's unique wallets since February 1, when they sent the transaction.

As we can see, the number of wallets is declining from March 22 onwards, when the price of ethereum is jumping and rising.It seems that users of this currency buy and sell it with more sensitivity because we see many peaks in its users' transactions.

Solana

We want to take a look at Solana and check the chart of this currency. The chart below shows the number of unique wallets from February 1.

Solana seems to be more resilient and stable to market conditions and less sensitive to shocks.This currency has shown that it has good stability in critical market conditions.

Terra(Luna)

Finally, let's take a look at Luna's currency from the Terra network to see how many of the network's unique wallets have been trading since February 1.The chart below shows this.

It seems that this currency, like ethereum, has many sensitivities in the market and its users show different transactions depending on the market conditions and other conditions that this currency has in its side markets.

conclusion

It can be concluded that different blockchain networks show different reactions in the crypto market according to their different programs and approaches, and market users show different financial behaviors due to recognizing these unique characteristics. Normally, the digital currency market depends on the behavior of bitcoin, but with the development of various programs and activities of other networks such as Algo, Solana and Terra, it can be said that these assets have the potential to separate themselves from this dependency and can The programs and values ​​they create for themselves show independent behavior