ORBS 2

    December 05, 2021

    In this post I show the weekly number of unique users that transacted with Orbs during the last year. Data for both Ethereum and Polygon is presented. Orbs is also on Binance and Solana but this data was unavailable.

    Orbs only launched on the Polygon network in July 2021. (Source: investing.com, July 26, 2021) . That is why there are no active users before then. We can speculate that the small usage before July may be from test transactions from the development team.

    In March 2021 there was a large peak in weekly orb users on Ethereum. I looked for clues as to what might have driven this increased engagement back in March. It may be from Orbs Network being featured in the Global Blockchain Business Council (GBBC) annual report. Orbs was included in the report for its blockchain-based supply chain solution for distributing Covid-19 vaccines.(Source: orbs.com, March 2021). Such an impressive announcement could have driven a lot of trading of Orbs. Indeed the price of Orbs shot up ten-fold in early March.

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    Takeaways

    1. Every week approximately 700 unique addresses complete transactions using Orbs. Weekly active users were higher from early March to end of September.
    2. More users transact with Orbs on the Polygon network compared to Ethereum.
    3. Orbs launched on Polygon in July 2021.
    4. There was a large peak in active users of Orbs in March 2021. There was a price increase of Orb during this period, which is indicative of increased buying interest. These events coincided with the release of the Global Blockchain Business Council (GBBC) annual report, which included a feature article on Orbs.