LI.FI Data Analytics Contest, LI.FI Users Activities
LI.FI Data Analytics Contest, LI.FI user base: detailing user profiles and how they use LI.FI.
When investigating user activity on the LI.FI platform, the Arbitrum network had the highest number of transactions among the supported networks, while Avalanche had the lowest. The Binance Smart Chain had the highest number of users, whereas Avalanche had the fewest users.
In terms of average transactions per user, Arbitrum led with more than 5 average transactions per user, while Avalanche had the lowest. Regarding the wallet age of LI.FI users, Avalanche users had the highest average wallet age, over 214 days. In contrast, Base had the youngest average wallet age at about 82 days, which makes sense as it is newer than the other networks.
Generally, the trend of monthly LI.FI transactions and users increased over time. Arbitrum had the largest proportion of monthly transactions, while the Binance Smart Chain had the highest proportion of monthly users. When grouping users by the number of transactions per chain, most users on all chains except Base made only a single transaction. On the Base network, most LI.FI users made between 2 and 10 transactions.
Regarding the top 10 dApps with which LI.FI users interacted most on the Ethereum network, Uniswap was the most popular, with approximately 2.5 million transactions. In terms of integrators, Jumper Exchange Integrator had the highest number of transactions and users, accounting for about 44% and 37.5%, respectively, followed by BinanceWallet.
Finally, when analyzing LI.FI users by the most interacted label type, DEX was the most popular, having the highest number of transactions and users. NFT ranked second in transactions, while Bridge had the highest number of users.