Avalanche Ecosystem Growth

    Introduction🚨

    The avalanche chain effect has driven remarkable growth in the DApp (Decentralized Application), DEX (Decentralized Exchange), and DeFi (Decentralized Finance) sectors over time.

    DApps are applications built on blockchain platforms, offering transparency and security. The avalanche chain effect has fueled the development of DApps, creating a chain reaction of innovation and adoption. As a result, DApps have experienced significant growth, revolutionizing various industries and providing decentralized alternatives to traditional systems.

    Similarly, DEXs have flourished due to the avalanche chain effect. These platforms facilitate peer-to-peer cryptocurrency trading without relying on intermediaries. The chain reaction of adoption and liquidity has propelled the growth of DEXs, enabling users to trade cryptocurrencies efficiently and securely.

    Furthermore, DeFi, which refers to decentralized financial applications and services, has seen exponential growth thanks to the avalanche chain effect. DeFi leverages blockchain technology to provide financial services such as lending, borrowing, and yield farming, removing the need for intermediaries. This has created a chain reaction of innovation and investment, driving the rapid expansion of the DeFi sector.

    Over time, the DApp, DEX, and DeFi sectors have grown exponentially, attracting widespread attention and investment. The avalanche chain effect has played a vital role in driving their development, resulting in increased decentralization, accessibility, and efficiency in various aspects of the financial and technology industries.

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    Method⚡

    In this dashboard, I conducted an in-depth analysis of the Avalanche ecosystem and its sectors to evaluate their performance within the chain and understand user interactions over time, both historically and in the present. To accomplish this, I utilized the fact_transactions table from the Avalanche.core schema provided by Flipsidecrypto. I filtered the data using status='SUCCESS' to focus exclusively on successful transactions. Additionally, I referenced the dim_labels table to retrieve project and sector names, enabling a comprehensive analysis of the various sectors.

    To begin, I examined all the sectors within the Avalanche ecosystem, comparing their usage and user activity to gain insights into their relative performance. Subsequently, I delved into a detailed analysis of the three most popular sectors on Avalanche, (DEX & DeFi & dApp) which you can explore further in the subsequent tabs of this dashboard.