Arbitrum is a layer-2 scaling solution for Ethereum that aims to increase the speed and reduce the cost of transactions on the network.

The $ARB Airdrop refers to a distribution of the $ARB token to eligible Ethereum addresses that have had the most interactions with network before a specific date. This airdrop was conducted to incentivize users to try out and engage with the Arbitrum network. A little more than a billion tokens were distributed to more than 600,000 wallet addresses. With this airdrop, participants can receive anywhere from 625 to 10,250 tokens. According to Arbitrum, the airdrop is a "formal step" toward a DAO (DAO). Members of the Arbitrum One and Arbitrum Nova networks who hold ARB will have a voice in the network's most important decisions.

Bridging: Bridging refers to the process of transferring tokens between different blockchain networks. This is usually done through a bridge or a middleware that connects the two networks and facilitates the transfer of tokens.

Axelar bridge: Axelar bridge is a decentralized interoperability network that enables cross-chain communication and transfers between different blockchain networks. It provides a secure and efficient way to transfer tokens between different networks and bridges the gap between isolated blockchain ecosystems.

Paper or Diamond hands: These are terms used in the cryptocurrency community to describe a trader's behavior when holding onto their investments during price fluctuations. "Paper hands" refers to traders who sell their investments quickly in response to a drop in price, while "Diamond hands" refers to traders who hold onto their investments even during market volatility, believing in the long-term potential of their assets.

TGE: TGE stands for Token Generation Event, which is a term used to describe the initial token sale or initial coin offering (ICO) of a cryptocurrency project. During a TGE, the project's tokens are sold to investors in exchange for other cryptocurrencies or fiat money. The TGE marks the beginning of a cryptocurrency project's journey and can have a significant impact on its success.

As a data analyst, I was tasked with developing a dashboard to track user behavior on the Arbitrum network in the aftermath of an airdrop announcement. We designed the dashboard to be like an adventure - a journey of discovery and exploration - to make this complex and technical task more approachable and understandable.

The dashboard allows us to see how $ARB tokens are being used by airdrop recipients. We can learn more about the intentions of airdrop recipients by analyzing their status, such as whether they are accumulating, hunting, dumping, or holding their tokens. This information can assist us in determining whether they are paper or diamond hands.

The dashboard also includes various time periods, such as the airdrop announcement date, the days before the TGE, the claiming date, and the days following the TGE, to provide even more context. This data allows us to track trends over time and understand how user bridging behavior evolves as they interact with the network.

We can see whether airdrop claimants are bridging their assets into or out of the ecosystem, and we can track overall bridging activity. The dashboard allows us to track which bridge platforms are experiencing high or low volumes, as well as analyze IBC bridging activity, such as which chains are most commonly used as the destination for transferring activities by claimers, and which are the most popular origin chains for token recipients by analyzing the Axelar bridge.

We used the arbitrum.core.fact transfers and axelar.core.ez satellite to determine who received dropped $ARB tokens and how they transferred them, as well as other tokens worth $USD.

With this dashboard as our guide, we can easily navigate the complex landscape of airdrop recipients' bridging behavior and make informed decisions about their future. We can make this complex data more accessible and understandable for everyone by turning it into an exciting adventure.