Introduction

Since its public introduction in late 2020, Terra has been one of the most prominent names in the crypto field, despite the fact that the crypto market is flooded with new currencies and initiatives. The lack of decentralization among the most popular stable coins on the market is the fundamental issue that the Terra blockchain aims to address. It requires a strong and ever-growing ecosystem to do this.

Active Wallets:

The wallets that have transacted most among the ecosystem in recent months are considered active wallets.

The daily study of the data of the users who had transacted in the current year of 2022 are charted here.This gives the count of the daily analysis of the users who had transacted in the same year,ie very recently.

Methodology

The count of the distinct users who had transacted most recently is considered here.Hence the users who had transacted no later than the beginning of this year 2022 are accounted for here.All the data received is aggregated for daily,monthly and yearly analysis .

The trend shows that the count of the users has been comparatively in a decreasing trend and had faced an abrupt drop in the recent weeks. There are hikes in the activeness of the uses which owe to the increase in the price of the $LUNA tokens in the crypto market.

The count of the active monthly users is charted here, upon the study reveals that the highest number of active users was in the month of April.2022 which is about 575k.

The trend in the monthly analysis of the active users displays that the number of users has increased a bit.The drop at the end is because only the count of the 4 day's users count are accouted for that.

The year 2022 is accounted for to obtain this number. The whole count of the users who have transacted over the year is summed up to retrieve this amount.