Terra.State.of.the.Art.analytics

    The dynamic and applicable outcomes related to the features of Terra ecosystem are shown as a consequence of this investigation.

    First, the price of Luna currency, which is the main token of the Terra ecosystem, is shown in the figure. As can be seen from the figure, the price of the Luna currency had fallen below 60 USD from January 25 to about February 25. But since the end of February, it has started its growing trend and today it has reached the price range above 85 USD and has stabilized its price in this range.

    The price of the Luna token depends on many variables, including support for the Terra ecosystem and the use of two parallel currencies, the Terra and the Luna.

    Terra ecosystem has very practical and extensive protocols in crypto universe. The use of these protocols since the beginning of 2022 is shown in the figure. As shown in this figure, on February 15, about 2,500 protocols were used by network users.

    Also, with a general look at this chart, it can be seen that the use of Terra ecosystem projects has increased with a gentle slope since the beginning of 2022.

    Introduction

    The main purpose of this question is to provide analysis and application diagrams for Terra network users

    Suppose we want to add practical visual and analytical parts to the station design. In this analysis, in addition to price, we have introduced other components and provided additional explanations regarding these components, which are included in the continuation of this research.

    The time allotted for the mentioned analyzes is from the beginning of 2022.

    Summary

    In this research, we have tried to provide a useful and practical analysis for Terra ecosystem users to have an acceptable view of the performance of the collection by referring to these reviews daily.

    In addition to the price, various indicators such as the number of protocols used, the daily number of active users, as well as additional explanations regarding the Anchor protocol, which is one of the best projects in the tram complex, are provided.

    By referring to these diagrams daily, new users as well as old users of the Terra ecosystem can obtain practical and useful information about the performance of the Terra blockchain.

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    Anchor protocol

    As mentioned in the previous section, one of the main parts of the Terra ecosystem is the protocols associated with it. The most famous and popular protocol in the ecosystem is called the Anchor protocol. In this section, the basic components related to the Anchor Protocol are studied.

    One of the critical components in this dashboard is the number of active users in the Terra ecosystem. From the beginning of 2022, the number of users who have had at least one transaction is shown on a daily basis in the figure. According to this figure, in the first days of the year, the number of active users in the Terra ecosystem was high. But in the area where Luna's price was below 60 USD, the number of active users also declined.

    However, after the price returned to the pre-decline range, the number of active users increased dramatically, with the highest number of active users occurring on March 9 with more than 44,000 active users.

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    In this section, the USD volume of claimed airdrops by users of Anchor protocol in 2022 is shown in this figure. According to studies conducted in this figure, on January 18, more than 2 million USD was the value of the claimed airdrops of the Anchor Protocol. Also, in the last days of February, the volume of airdrops has increased compared to the previous days.

    One of the attractive features of Anchor Protocol is that it provides airdrops for its users. This figure shows the number of claimed airdrops on a daily basis since the beginning of 2022.

    As can be deduced from this figure, the number of claimed airdrops has jumped on a weekly basis, and the highest count occurred on March 3 with number of over 7,000 claimed airdrops.

    The daily volume (USD) of borrowed and deposited is specified in the Anchor Protocol in this figure. The blue areas indicate the amount of money deposited, while the green areas indicate the amount of money borrowed from the Anchor protocol. Due to this figure, the volume of borrowed and also deposited USD has increased significantly since February 23.

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