User Behavior (FLOW)

    Q11. What are users swapping for? What activities are the most common for users on Flow right now? Create a visualization on what’s causing spikes in swapping behavior.

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    Introduction

    Flow is a new blockchain built for the next generation of apps, games, and the digital assets that power them. Flow is easy to use and powerful to build with. Every aspect of the platform was designed from the ground up to support exceptional user experience at mainstream scale. [paragraph source] (https://www.onflow.org/)

    Methodology

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    • "token_in_contract" data has been selected from the "flow.core.fact_swaps" table as the tokens that users are swapping for.
    • The number of the tokens that users are swapping for has been obtained from the "token_in_amount" column at the "flow.core.fact_swaps" table.

    As can be seen from this chart, users are swapping for Blocto, Flow, Starly, FUSD, Fiat, Teleported Tether, and REVV tokens on the flow blockchain network. Moreover, among these tokens, users are mainly swapping for Teleported Tether, Flow, and FUSD tokens by about 22,300, 12,600, and 9001, respectively.

    This chart shows that users are swapping 49.9%, 28.10%, and 20.3% for Teleported Tether, Flow, and FUSD tokens, respectively on the Flow blockchain network.

    This table shows the type and number of tokens that have been swapped for (on the flow blockchain network).

    This chart shows that there are three spikes in the swapping behavior of the flow blockchain network on May, 10 to 23, and June, 12 to 16. Since the price of Bitcoin as a very important cryptocurrency affects other digital currencies, so the presence of these spikes in the swapping behavior of the flow network may be the result of increasing the price of bitcoin in the above-mentioned periods. The chart of bitcoin price variation can be seen on this link: https://coinmarketcap.com/currencies/bitcoin/.