Introduction

Algorand is a proof-of-stake blockchain cryptocurrency protocol. Algorand's native cryptocurrency is called ALGO.

Approach

In this dashboard, Algorand network is to be compared in two different time periods. The second half of 2021, which is the period when Algorand began to grow, and the first half of 2022, which coincides with the beginning of bear market.

Application Call Count

It is observed that in the first half of 2021, there were 14.5 million application calls, in the first half of 2022, approximately 37.8 million application calls occurred, which shows an increase of 160%.

Daily Application Count

The following charts show a more detailed view of daily application calls during the second half of 2021 and the first half of 2022. By looking at the following diagrams, it can be understood that:

• The first three months of the second half of 2021 did not see a significant increase in app calls, although app calls increased by almost 100% during this period.
• A rally started from the beginning of October 2021, during this period, the application calls increased 15 times.
• From the beginning of second half of 2021 to its end, application calls were increased by 800%.
• In the first half of 2022, Algorand Network saw the highest level of application calls, with more than 600K calls processed on January 2.
• After that, around 17 to 23 February and 5 to 12 May, Algund network has processed very large number of calls.
• From the beginning of first half of 2022 to its end, application calls were reduced to almost ⅕ of its initial amount.

Average Daily Application Count

Algorand users made an average of 79K application calls in the second half of 2021, but an average of more than 210K calls a day in the first half of 2022. The increase is also 1.65 times higher.

Wallet Count

During the second half of 2021 almost 1.9M unique wallets made a application call, this number increased to almost 7.5M during the first half of 2022. It shows a 295% increase.

Application Count

Let's take a look at the number of unique applications that were called during these periods. It can be seen that, the number of functioning applications decreased by 25%.

Observations

By looking at the information collected above, we can conclude that from the first half of 2021 to the second half of 2022:

• Application calls increased by 160%.
• Average daily application calls also increased by the same amount, almost 160%.
• Unique wallet count that interacted with application increased by 295%.
• Number of unique applications on Algorand decreased by 25%

In this study, the flipside_prod_db.algorand.application_call_transaction table is mainly used.

To receive data related to the second half of 2021, the clause WHERE BLOCK_TIMESTAMP BETWEEN '2021-07-01' AND '2021-12-31' is used. and to receive data for the first half of 2022, following clause is used, WHERE BLOCK_TIMESTAMP BETWEEN '2022-01-01' AND '2022-06-30'.