Date: 2022-05-04

This analysis examines the number of active walltes on the terra blockchain since the beginning of the year.

All data is from between January 1st 2022 and May 4th 2022.

Overview

What is Terra?

Terra is a blockchain protocol supported by a number of decentralized stablecoins, like $UST, based on Cosmos SDK developed by Terraform Labs.

Terra Blockchain

What is an Active Wallet?

An Active Wallet is a wallet with at least one transaction in a specific timeframe!

Methods

• queried and filtered terra.transactions to find activities and wallets
• wallets must have made at least one transaction per day, month or YTD
• only unique wallets on a daily, monthly or YTDly basis are counted
• all data is from between 2022-01-01 till 2022-05-04

Analysis

The following chart shows the daily unique active wallets in the Terra Ecosystem.

We can see in the chart, that we have very constant numbers in active wallets in the past days and month. With a daily average of Active Wallets of 44974!

Since the beginning of 2022 since today we have a total of around 1.63 Million Active Wallets

Also in the monthly view we see very constant numbers of over 500k Active Wallets per month.

If you add up the daily totals you get 5.53 million wallets to date.

Conclusion

• The Terra Ecosystem is very active an constant!

Thanks for reading!

This analysis was created on 2022–05–04 for a bounty at Flipside Crypto by piper to answer the following questions:

Terra - Active Wallets on Terra: Define "Active Wallets" on Terra. Based on your definition, display the active wallets by day, month, and Year-To-Date in 2022.

All data used are from Flipside Crypto.