Active Wallets
What are active wallets doing more broadly? What type of activities are the most common on average, and what are the whales doing? Is there a way to identify real users and organic transaction activity?
Introduction and methods
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. One of the most prominent advantage is the capacity to provide users to create or design NFT collections as well as buy or sell it.
In this dashboard we are gonna analyze the most common actions done by the current Flow active wallets. In this case, an active wallet have been catalogued as a wallet that done some transaction during the past 90 days.
In terms of number of transactions and users, the most common events used for the active wallets are the token deposits and withdrawals including the fees deducted. In the case of users, the difference is higher in favor of these events. However, for the number of transactions, there are also most common deposits and withdrawals.
If we compare the activity with whales, it can be seen how the tokens deposits and withdrawals decrease in popularism and lose some percentage of distribution. Other important actions that the whale are doing are depositing and withdrawing fiat tokens, as well as mints and burns.
In terms of number of whales using this type of events, there is more common delegator actions and staking actions than mints and burns. However, the tokens deposits and withdrawals and fiat tokens remain on the list.
To detect real users, we can extracted from the activity the bots. In this case, a bot has been catalogues as a user who do more than 100 swaps a day. Then, it can be seen the difference between common users and bots in terms of top 3 events. The bots leader the number of actions.