Terra Active Users

    Analyst: Hess - Reading Time: 10 Min.

    Introduction:

    In this analysis, you will learn about the active wallets on the Terra blockchain in the last 90 days. Who are active, high-quality users on Terra, how do they look, and how can they be measured? Based on my definition, I determined how many active Terra users there are. Furthermore, provide a few suggestions for attracting additional users and a cost estimate for implementing these suggestions.

    I went through the Terra chain and analyzed these parameters:

    • Users
    • Transactions
    • Activities
    • Chains
    • Growth Idea
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    What is Terra Luna 2?

    In the wake of the massive crash, Terraform Labs decided to revive the altcoin, but without any links to the algorithmic stablecoin. Developers have launched a new Terra blockchain called Terra 2.0

    Terra Luna Classic is the new name for Terra's old chain.  LUNA 2.0 has a total locked supply of 1.0 billion, significantly higher than the classic token's 6.5 trillion. New LUNA tokens are airdropped to previous and existing holders in a proportion of 35%. In addition, 10% of LUNA 2.0 is sent to holders of LUNA Classic and UST who held the token before the UST crash. The remaining 30% is distributed to LUNA investors. 

    Method

    The First and most important part is defining Active users. Who are Active and high-quality users in my definition? I calculated the number of days that users were active in the last six months. For those users who were active for more than 14 days and had at least one transaction in the last 30 days, I called active users.

    After finding active users, I examined their daily activities since January 2023. Then, I joined my findings with tables like Swap, Staking, and .. to find their activities on the Terra chain.

    To understand active users better, I compared them with new daily users on the Terra chain. With the min function, I found their first transactions and used the first transaction date for as the wallet creation date.

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    Dashboard Guide :

    First, I should mention that Flipside's new app is currently under development. So there are multiple bugs and limited ways to show data. Some Dates and Name not showing properly. It is not my fault. It is about New App.

    Second, I divided my analysis into seven tabs. Each tab contains the related data. You can choose from the top of the dashboard. When you want to read, Navigating from left to right is better.

    If you see any bug, It is good to report it to the Flipside Team. More reports will make the new app better in near future. You can report bugs here: Flipside Discord