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?

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    What is Flow?

    Flow is a blockchain designed to function with high scalability without using sharding techniques. With this, users on the blockchain can carry out cheap and fast transactions. The blockchain was designed explicitly for dApps that need a very high scaling like NFT platforms. Crypto play to earn games have also tapped into the usage of the blockchain, providing its users with a swift gaming experience. Dapper Labs created the blockchain after a few issues surrounding congestion on its previous blockchain, Ethereum. The blockchain now hosts an array of crypto games, including the NBA Top Shot, a game that its parent company developed. Developers who intend to create dApps can also tap the blockchain due to its high scalability and swift performance

    Methodology:

    In this dashboard I look at the activities users are taking place in on Flow. First I look at what coins they are swapping for as well as the total amount of active wallets over time. Then I look at the activities users are doing daily as well as the most popular activities to do on Flow overall. I then do the same analysis but focus on whales on Flow, for this dashboard I categorize whales as the top 500 users who have purchased the most in NFTs on Flow. Then I look at the percentage of real vs. non real users, for this I say non real users are users who average over 75 transactions a day as I believe this is highly unlikely to sustain over a long period of time, and I say real users are users average anything less than or equal to 75 transactions daily.

    Metrics:

    1. Daily Unique Swappers By Tokens Swapped For

    2. Daily Total Active Wallets

    3. Daily Total Transaction by Event Type

    4. Transaction by Event Type

    5. Daily Total Whale Events by Event Type

    6. Whale Events by Event Type

    7. Percentage of Real vs Non real Users on Flow

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    Analysis 1:

    • There are anywhere from 35-90 unique swappers daily on Flow

    • The most common coins swapped for by unique users on Flow are Starly Token, Fiat Token, and Teleported Tether Token.

    • the amount of active wallets daily has been increasing over time for the most part peaking on June 10th 2022 at 174k active wallets in one day.

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    Analysis 2:

    • The daily total transaction by event type are anywhere from 1M to highs of 7M daily.

    • The most popular events by Flow users are TokensDeposited, TokensWithdrawn, and Fees Deducted.

    • The three most popular events make up over 65% of all the events taken by users.

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    Analysis 3:

    • Whales tend to have anywhere from 20k to over 50k transactions daily.

    • the most popular events take by whales are the same as normal users TokensDeposited, TokensWithdrawn, and Fees Deducted.

    • The top three events taken by whale users make up over 60% of all events taken by whales.

    • Nearly 100% of all users are real users, only 290 are non real users while 1,575,028 are real users.