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    Daily Active Users

    Track how the Flow blockchains daily active users have evolved over time. What about monthly? All-time wallets? Recently, we’ve identified some interesting spikes (in both directions) in daily active users. Chart this activity, and try to uncover any reasonable explanations for the results.

    🧠 Metrics

    Here are some general metrics that we considered for analyzing users activity on the Flow chain:

    1. Number of transactions: This metric measures the total number of transactions processed on the Flow chain over a given period of time.

    2. New addresses: This metric measures the number of new addresses on the Flow blockchain.

    3. Active addresses: This metric measures the number of unique addresses that have sent or received transactions on the Flow chain over a given period of time.

    4. Daily/Weekly/Monthly active users (DAU/WAU/MAU): This metric measures the number of unique users who have interacted with the Flow chain in some way (e.g., sending or receiving FLOW) on a daily, weekly and monthly basis respectively.

    5. Smart contract usage: This metric measures how many smart contracts are being deployed and used on the Flow, which can provide insights into developer activity.

    6. DApp usage: This metric measures how many decentralized applications (DApps) are being built and used on the Flow chain, which can provide insights into user adoption.

    7. FLOW holders: This metric measures how many users hold tokens issued by projects built on top of or using Flow's infrastructure.

    📖Introduction

    🟢 What is Flow?

    Flow is a blockchain designed for scalability without the need for sharding techniques, which enables low-cost, high-speed transactions and is suitable for decentralized applications such as NFT markets and crypto-based video games. Flow was designed by Dapper Labs, who decided to solve the problems of other blockchains by building a blockchain designed for games and other interactive experiences. Dapper now uses Flow for all of his projects, including NBA TopShot, but other developers can use it as well.

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    🤔 What factors increase or decrease users activity on a blockchain?

    There are several factors that can increase or decrease user activity on a blockchain, including:

    1. Network congestion: If the blockchain network is congested, users may experience slower transaction times and higher fees, which can discourage them from using the network.

    2. Security concerns: If there are security concerns with the blockchain network, such as hacks or vulnerabilities, users may be hesitant to use it.

    3. User experience: If the user experience on the blockchain is poor, such as a difficult-to-use interface or confusing terminology, users may be less likely to engage with it.

    4. Adoption by businesses: If businesses adopt the blockchain for their operations and transactions, it can increase user activity as more people become aware of and interested in using it.

    5. Incentives: Providing incentives for users to participate in the blockchain network, such as rewards for completing transactions or contributing to the network's security, can increase user activity.

    6. Regulations: Regulations that restrict or limit the use of blockchain technology can decrease user activity by creating uncertainty and limiting access to certain markets or industries.

    7. Competition: The presence of competing blockchains or alternative technologies can also impact user activity by providing alternative options for users to consider.