Description

In this chart, we can see the fee per day, which has been decreasing compared to the beginning of 2022 This reduction can be due to a bear market or a network update

> (To understand this, we must also consider the volume of transactions, which I omitted due to the length)

According to this chart, we can see that the number of active wallets is rapidly decreasing

Conclusion

According to the charts, it can be concluded that the active users of the Algorand network are decreasing in 2022, and the reason for the decrease in fees compared to the beginning of 2022 can be the same.

Of course, the bear market and the decrease in the volume of transactions have had a direct impact on this decrease.

overview

I will answer the following questions in this dashboard:

1. The total amount of Algorand network from the beginning of 2022 until now?
2. How many wallets and how much have they spent each day?
3. How many wallets have transactions in 2022?
4. The top 10 wallets in terms of fees and transactions?
5. What was the total cost of fee wallets in 2022?

And finally, according to the data, we will come to the conclusion whether the Algorand network was expanding in 2022 or not?

methodology

To answer these questions, we need to check the number of transactions, the number of wallets, and the amount of fees in the Algorand network.

And for this we can use flipside_prod_db.algorand.transactions table.

In this table, I have considered the SENDER column equal to the wallets, and by using it, we can get their number, the amount of fee used, and the number of transactions.

what is algorand?

Algorand is a decentralized network built to solve the Blockchain Trilemma of achieving speed, security, and decentralization simultaneously. Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is a permissionless, open-source blockchain network upon which anyone can build. Algorand is designed to be a payments-focused network with rapid transactions and a strong focus on achieving near-instant finality. that means processing over 1,000 transactions per second (TPS) and achieving transaction finality in less than five seconds.

Here we see the top 10 wallets, the first wallet with a very large number of transactions has assigned about 64% of transactions and fees.