Daily Active Users

    Based on the findings, we can draw some key insights: The Flow blockchain has experienced an increase in the number of new users since 2022. On March 31st, there was an uncommon spike in the number of daily active users primarily driven by transfer activity. The most popular contracts on March 31st were related to NFTs and Dapper Labs' offerings, with three Joyride contracts accounting for nearly one-third of all transactions. Even for the most popular contracts, the total number of users and transactions was significantly lower than on March 31st, indicating that this was a unique event. By analyzing user behavior and interactions with smart contracts, we can gain valuable insights into user engagement and experience, which can help optimize the network and improve user satisfaction.

    ✨Introduction
    🛠️ Methodology

    Flow is a proof of stake blockchain that aims to support consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP initiatives, and more as the backbone of Web3 and the open metaverse. Driven by Cadence, a custom programming language developed for digital assets, Flow encourages developers to think outside the box and create the next billion-user Web3 platform. Flow is an open, decentralized platform with a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more. Its creators have consistently delivered industry-leading consumer-scale experiences such as CryptoKitties, NBA Top Shot, and NFL ALL DAY.

    This dashboard is made to track how the Flow blockchain's daily active users have evolved over time.

    At first, we calculated the count of new users and active users through 2022 and the number of transactions per day in the field, like swapping, staking, NFT interactions, and transferring the assets over time, to find where the spikes (in both directions) in daily active users occurred on some days.

    Then, in order to determine which contracts users had primarily used during the spike's days, we used the flow.core.fact_transactions and flow.core.fact_events tables to track users' interactions with the most well-liked contracts on the flow network over time.