Introduction

What is Algorand?

Algorand (ALGO) is a blockchain platform and cryptocurrency designed to function like a major payments processor. ALGO, the native coin of the Algorand platform, is used to secure the platform and reward the platform's operators. The Algorand blockchain offers immediate transaction finality, without the risk of forking or uncertainty, based on its pure proof-of-stake (PPoS) consensus algorithm. Once created, each new block remains on the chain indefinitely, thus ensuring that all transactions in this blockchain remain final.

Methodology

• We will look at the Daily and Total active Users on Algorand, Solana, Ethereum, and Terra.

• We are looking to see what platforms are gaining and losing momentum.

Observations

• The Daily Number of active users on algorand has been trending down since the start of February.

• There were blocks of time where the daily number of Algorand Users spiked over 100,000 since the start of February.

Blockchain Unique User Metrics

Observations

• The Daily Number of active users on Ethereum has stayed between 300,000 and 400,000 each day since Febuary 1st.

• Since the end of March the number of Ethereum has been trending down.

Observations

• Since The start of February the number of active users has been trending slightly up.

• There is a very small amount of fluctuations in the daily active users.

Observations

• Since the start of February the daily number of active Solana users has been declining.

• Solana has had nearly half the users of ethereum Since the start of February 2022.

Conclusion

• Ethereum and Solana are the healthiest two blochains in terms of total and daily active users since the start of February 2022.

• Terra is the healthiest blockchain out of the four in terms of Active User growth.