Terra Activity Dashboard

    What is Terra 2?

    Terra 2.0 (LUNA) is the newest iteration of cryptocurrency on the Terra blockchain. In May 2022, the Terra blockchain experienced a hard fork prompted by founder Do Kwon and voted on by the community.

    What are Gas Fees?

    A gas fee is a blockchain transaction fee, paid to network validators for their services to the blockchain. Without the fees, there would be no incentive for anyone to stake their ETH and help secure the network.

    What are Crypto wallets?

    A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often also offers the functionality of encrypting and/or signing information.

    Methodology

    In this dashboard we will look at the users, transactions, fees, blocks, and swaps on terra. We are looking to see how active Terra 2 is and what users are doing. The data from this dashboard comes from Terra.core tables of Flipside database.

    Sections

    1. Terra Transaction and fees
    2. Terra Block speed
    3. Terra Active Users
    4. Terra USDC Swap Activity
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    Terra Transaction and fees

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    Observations:

    • In early September there was a large spike in activity or terra, during this time period there was a spike in users, fees, and transactions
    • The average LUNA transaction fee is a little under 0.1 LUNA
    • Terra 2 was most active when it was first released
    • Since the start of November, there has been a substantial drop in the transaction fee price

    Terra Block speed

    Observations:


    • Generally, there is 3 sections between terra blocks
    • On average there is less than 1 transaction per terra block
    • Currently, there is about 0.1 transaction per second on terra
    • the largest terra block has had over 400 transactions

    Terra Active Users

    Observations

    • Currently, there are over 208K wallets on Terra
    • There were two spikes in new terra users. Once in June and once in Early September
    • most days there are 100 - 400 new Terra 2 users
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    Conclusion

    • Terra Transaction and fees
      • In early September there was a large spike in activity or terra, during this time period there was a spike in users, fees, and transactions
      • The average LUNA transaction fee is a little under 0.1 LUNA
      • Terra 2 was most active when it was first released
      • Since the start of November, there has been a substantial drop in the transaction fee price
    • Terra Block speed
      • Generally, there is 3 sections between terra blocks
      • On average there is less than 1 transaction per terra block
      • Currently, there is about 0.1 transaction per second on terra
      • the largest terra block has had over 400 transactions
    • Terra Active Users
      • Currently, there are over 208K wallets on Terra
      • There were two spikes in new terra users. Once in June and once in Early September
      • most days there are 100 - 400 new Terra 2 users
    • Terra USDC Swap Activity
      • Since the start of June, there have been 55.3 Swaps of axlUSDC on Terra totaling 67.7 million in volume.
      • Most days there have been between 100 and 200 swappers of axlUSDC on Terra.
      • About 64% of axlUSDC transfers on terra are between 10 and 1,000 in size.
      • Over 60% of the transfer volume is in transfers over 1,000 axlUSDC.

    Description

    The graphs above show the transfer activity and size of users transferring axlUSDC on Terra 2

    Observations

    • Since the start of June, there have been 55.3 Swaps of axlUSDC on Terra totaling 67.7 million in volume.
    • Most days there have been between 100 and 200 swappers of axlUSDC on Terra.
    • About 64% of axlUSDC transfers on terra are between 10 and 1,000 in size.
    • Over 60% of the transfer volume is in transfers over 1,000 axlUSDC.

    axlUSDC transfer activity

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