Number of $THOR staking transactions

Let's first look at the number of transactions associated with THOR staking over time.

What we see here and we'll see again, later on, is that on April 22nd there were about 5 transactions that took place before everyone else had the chance to find out about the staking product and stake themselves. Other than that what we see is expected, a huge number of volume upon the day of the actual release followed by a less than impressive (compared to the first 2-3 days) continuation.

Staked $THOR over time

First, let's look at the cumulative THOR Staked (Assuming no unstaking) and then let's look at the THOR staked thor daily.

This is a relatively large number, but what should be noted is that this number is not the most accurate number as it does not take into account unstaking events over the past few days.

We now see that these 5 transactions earlier only amounted to a total of 20 THOR per transaction and could be someone testing the contract itself pre-release. We also see that the 4th day had more volume in terms of THOR than the 3rd one which had more transactions.

Average THOR Staked per transaction

Let's finally now look at the average amount per transaction that was staked.

This shows us a much better (in my opinion) picture. What we see here is that a lot of "whales" came in on the first day, and regular users came in from the third day onwards. We can assume this as this is the amount_thor_staked/number_transactions, which indicates that there was a lot of THOR staked in the first 2 days with very few transactions. It could be a misleading indicator as well, if a lot of people staked a lot of THOR in smaller transactions, but it usually is not the case.

Summary

What we've looked at in this investigation is the THOR staking volume, looking at 3 metrics, transaction count, staked amount and average staked amount per transaction. What we can see is that it follows the usual trend, where within the first few days most of the volume comes in and then it sort of decreases with a steady pace, post 5th or 10th day.

Evaluation

I would have also liked to look at unstaking events and remove one from the other to get total inflows/outflows of THOR staked.