Open Analytics Bounty: Avalanche (August 8)
what we realized:
In this period of time, from May 1 until Aug12 :
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The number of transactions has been almost constant but it increased in May 8-13 & June 13
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The number of successful transactions is more than unsuccessful transactions and the success rate is close to 87%
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The number of people who interacted with the Avalanche network has remained almost constant but but it increased in May 8-13 & June 13
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The average fee paid have increased sharply in May 8-13 & June 13 and is almost constant in other days .
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the Avax price has also decreased (as a main Avalanche currency used for fee)
> methodology
we are going to examine the different aspects of the avalanche network and examine it after May first.
In the first part, we examined the data related to the Avalanche network after May 28th, data such as :
- Number of daily transactions
- Number of daily transactions based on status
- Cumulative amount of daily transactions
- Number of unique addresses per day
- Categorize addresses based on the number of their transactions
- Average and Total fee paid out
- Avalanche TPS
- Avax price and moving average 10 day
What is Avax?
AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees.
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What Is Avalanche?
Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support a variety of blockchain projects. 1 The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees and secure the Avalanche network, and acts as a basic unit of account among blockchains in the Avalanche network
> The graph above shows the number of successful and unsuccessful transactions on a daily basis since May 1.
As you can see, the number of successful transactions is still much higher than the number of unsuccessful transactions in this network Out of nearly 29.65M transactions that have been done so far, only 2.75M transactions were unsuccessful
> Therefore, the success rate of transactions in this network after May28th was 87%. > > This shows the success of this network in this period of time
One of the parameter that can be used to understand the correctness of a network and evaluate the interaction of users with that network is the transaction fee that has been paid.
The graphs show the average and total fee of transactions that have been paid out on a daily basis in this network
As we can see, the average fee has the same trend as the previous days.
Since the number of transactions increased on May 8 - 13th & Jun 13, should expect an increase in average fees.
total fee paid and total fee paid for failed transactions also are determined as the number above:
total fee paid: 275k
total fee paid for failed transactions: 22.9k .
As you can see in these charts, the number of addresses and the number of transactions were shown. The horizontal axis is the time axis from May 1 to August 12. We can see that the number of transactions has an almost uniform trend, but between May 8 and May 13, this number has increased significantly.
In the first diagram, the cumulative values of transactions and the cumulative values of addresses are also drawn. In general, these graphs increased in the period from May 8 to May 13 and June 13, which is actually an increase in the number of transactions.
Also, in this period of time, the total number of addresses that have made a transaction is equal to 0.851m.
The graph below shows the number of addresses that are engaged with this network based on the number of their transactions. As we can see, nearly 90.5% of users had between 1-10 transactions in this time period.
> 10-20 transactions -> 5% > > 20-30transactions -> 1.6% > > 30-50transactions ->1.2% > > 50-100transactions ->0.8% > > more than 100 -> 0. 7 %
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To demonstrate, first, we'll look at the total-transactions and just_success TPS on each day in May & June & July 2022.
total-transactions TPS is the number of transactions per second
> just_success TPS is the number of successful transactions per second
In each day, the number of total-transactions TPS was calculated by counting tx_ids then divided by seconds in a day (86400), while, the number of just_success TPS was calculated by counting tx_ids where succeeded = TRUE and divided by seconds in a day.
> You can also see in this section that the TPS increased on May 8 to May 13 and June 13 according to the previous charts and remained almost constant on the rest of the days.
In the chart below, you can see that the price of Avax is based by moving average of 10 . It is drawn between Mach 1-Aug 12. The price of this token increases from March15 to April 3 and then decreases. This decrease continued almost until June 13 and after that it is almost uniform.


