Solana user behavior

    hexagon

    Flipside AI

    Solana's ecosystem demonstrates high volatility across multiple metrics, with significant fluctuations in user engagement. New dApp user interactions peaked early in the observation period before declining sharply, while new wallet creation showed dramatic spikes followed by steep drops. The network processed $55.1B in transactions, indicating substantial activity despite inconsistent user retention, with daily user engagement rates experiencing extreme variations, including an anomalous 3524.28% retention rate spike. NFT user interactions also exhibited a notable downward trend, dramatically collapsing from thousands to double-digit daily new users.

    Insights
    Text Panel Description

    Dashboard Title: Solana User Behavior Dashboard

    Description:

    This dashboard provides a comprehensive view of user activity and engagement trends on the Solana blockchain. It highlights key behavioral metrics including:

    • New Wallet Creation: Tracks the daily number of newly activated wallets.

    • First dApp Interaction: Measures first-time interactions of users with decentralized applications, signaling initial on-chain engagement.

    • New Swap Users: Displays users executing token swaps for the first time.

    • First NFT Interaction: Captures initial wallet interactions with NFT-related programs.

    • Day X Retention Rate: Shows user retention over time, indicating how many users return after their first activity.

    • Transaction Count & Volume: Summarizes total transactions and the overall volume processed.

    • Reactivated Users and Dormancy: Visualizes the duration of wallet inactivity before reactivation, helping identify user return behavior patterns.

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.