Try Quests to earn FLOWFlow Bounties (User Behavior)
Q11. What are users swapping for? What activities are the most common for users on Flow right now? Create a visualization on what’s causing spikes in swapping behavior.
Flow is a proof of stake blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3.FAQ
In calculating the number of pairs, the number of trades in FLOW and USDT pairs have recorded the highest amount. After these two, the pairs related to FUSD(Flow USD) have the highest number, respectively.
It can be seen that the amount of usdt(TeleportedTetherToken) and then flow(FlowToken) is the highest number of trades.(22405 and 13530)
In the data related to the volume of pairs related to FUSD and USDT have high values.
Examining the data related to the amount of trade on different days, it can be seen that from May 19 to May 22, the number of transactions on the FLOW network was the highest.This case is probably related to the acceptance of this currency in the COINBASE exchange on May 19. link
Examining the data related to different events on the flow network, it was observed that in each separate transaction, several events were recorded simultaneously. But here by comparing the events related to trading as well as NFT sales, it can be seen that NFT sales are much more popular for users. (Trade event for swaps and MomentPurchased event for NFT sales are distinguished for each transaction)