Introduction

Osmosis is a network, developed through the Cosmos SDK (software development kit), using the infrastructure provided by this giant, which seeks to be a bridge between the different blockchains of this ecosystem. In addition, it provides service to projects connected through the Interblockchain Communication Protocol (IBC).

One of the most important features of the networks is its own users and their behavior on the ecosystem. One of the main goals of the blockchain projects is to retain the users and tries as well to capt the attention of others.

In our analysis we will define a high quality wallet as a user that transacted at least 50% of the days of the week.

Methods

The intention of this dashboard is to try to take a look at teh Daily Active Users (DAU) on Osmosis to be able to see their activity and see what does a Daily Active User look like on Osmosis.

To do so, we are gonna analyze the following features:

• DAU evolution and comparison with other users
• DAU transactions and comparison with other users
• DAU rate
• DAU LP activity and comparison with other users
• DAU swaps activity and comparison with other users
• DAU LP vs swap activity
• DAU transfers
• DAU transfers orgin

In the first charts, we can see the active users on Terra by type and the transactions done. On the one left, we can see how during the first weeks, a lot of users were no Dau. We see that at the end of May the No Dau users increased dramatically but then went down again with some peaks. Dau users have remained very stable during all weeks and with the same values throughout the year.

Considering global numbers, we can see below the charts how the there are currently a total of 219k Terra users, among which almost 3690k are DAU, reaching a rate of 0.01689.

In the LP activity, in terms of users we can see something similar as previously charts. During the first months, the major of the liquidity providers were no DAU. The liquidity providers of No Dau increased dramatically but then went down again with some peaks. Dau liquidity have remained very stable during all weeks and with the same values throughout the year. In terms of actions, the activity has been considerably higher than the rest of the users since the inception.

In the other charts, it can be seen the liquidity users and actions by type of LP action. It can be seen how the major of non DAU do delegations instead of undelegations. As well, some redelegations can be shown. Again, the major activity could be seen from March to June months, when the Terra UST depegging occurred.

These two charts are about the swap activity comparison between DAU and non DAU users. On the left, we can see how the activity started to increase on June 2022, as the LP activity did. In this case, the amount of DAU and non DAU users is closer.

However, non DAU swappers are higher as well. The amount of swaps are clearly in favor of non DAU users. In this case, the number of swaps done by non DAU are so higher than the rest of the users. In fact, the major of the swaps are done by this type of users.

If we compare the LP activity with swapping activity, we can see how DAU users tend to do more swaps, however, the trend line of both are so similar. Overall, 53,3% of the DAU activity is in swaps and the rest in LP.

Looking at the transactions, we can see how even the numbers are so different, the trends are still a little bit similar. While the numbers are above 100k daily, the amount of LP actions are below 100k. So far, from the total of DAU transactions, more than 74,6% are swaps while less than 25,4% LP actions.

Then, it is clear that DAU are preferring swaps than LP activity but the trends over time are similar.

Studying the transfers receivers of DAU, we can see the difference between IBC transfer off and in. The values are very different, as IBC transfer off is around 2k while IBC transfer in is around 100. In the weekly DAU transfers we can see that at the end of May the IBC transfer off increased dramatically and went down again with some peaks during the year. The IBC transfer in values are very low.

Finally, on the right we can see the weekly top 10 senders to DAU. We can clearly see that there are two wallets that stand out above the others. Above all, there is one wallet that dominates the top senders throughout the year.

==Key insight==

• during the first weeks, a lot of users were no Dau.
• there are currently a total of 219k Terra users, among which almost 3690k are DAU, reaching a rate of 0.01689.
• During the first months, the major of the liquidity providers were no DAU.
• the major of non DAU do delegations instead of undelegations.
• the major activity could be seen from March to June months.
• The amount of swaps are clearly in favor of non DAU users.
• the number of swaps done by non DAU are so higher than the rest of the users.
• DAU users tend to do more swaps, however, the trend line of both are so similar.
• from the total of DAU transactions, more than 74,6% are swaps while less than 25,4% LP actions.
• IBC transfer off is around 2k while IBC transfer in is around 100.
• at the end of May the IBC transfer off increased dramatically and went down again with some peaks during the year. The IBC transfer in values are very low.
• In he top 10 senders to DAU there are two wallets that stand out above the others.