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Q12. 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?
Introduction
Flow is a proof-of-stake blockchain that supports consumer-scale decentralized apps, NFTs, DeFi, DAOs, PFP initiatives, and more. Powered by Cadence, an innovative programming language for digital assets, Flow encourages developers to create and push Web3's capabilities. Flow is an open, decentralized platform with a growing community of artists from prominent brands, development studios, venture-backed businesses, and crypto leaders.
The following chart provides a daily breakdown of the occurrences.
Conclusion
When we looked at Active Wallets for this dashboard, we found that the majority of events occurred on June 11, and the Depit incident was one of the most common, accounting for 31 percent of all occurrences. Based on this information, we were able to determine that. FeesDeducted was the event that was attended by the greatest number of individuals during this time period, and it was also the time when Depazit and We are FeesDeducted expanded. FeesDeducted came out on top as the winner when it came to frequency. According to the findings of the research that was conducted on whale incidence, the incidence of whale deposition was the highest, accounting for around 33 percent. Finding people who are committed to Flow seems to be the most effective technique for reaching this aim. This is in response to the question of whether or not organic users and non-organic users can be differentiated from one another. It is recommended that one conduct a search for users who have finished more than 10 transactions in order to attain this objective.
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