Question 148: Anchor Dominance

    What is the “Anchor dominance” for wallets on Terra? For active Terra wallets*, how much of their total asset value is held in Anchor at the time of analysis? *Select your own definition for “active wallets”; for example, wallets with at least 1 transaction in the last 30 days

    The purpose of this dashboard is to define "Anchor Dominance" and analyze this metrics for wallets on Terra as well as for active Terra wallets and how much of their total asset value is held in Anchor at the time of analysis.

    Anchor Dominance

    Similar to Bitcoin Dominance, which is refers to the percentage of crypto assets value which is held in Bitcoins, Anchor Dominance also refers to the to the percentage of crypto assets value which is held in Anchor. However, the question only asks for the dominance for wallets on Terra. Then, in this dashboard, I will consider Anchor Dominance is the percentage of crypto assets value on Terra which is held in Anchor

    Active wallets

    My own definition for active wallets is "Active wallets are the wallet conducting at least 1 transfers within the last 15 days"

    Data sources

    1. To compute Anchor Dominance, I used terra.daily_balances
    2. To find active wallets, I used terra.terra.transfer_events

    On Feb 16, the Anchor Dominance for all Terra wallets is 0.81% and the total asset value is held in Anchor is 709M dollars. This is an amazing growth for Anchor because by the beginning of the month, the Anchor Dominance for all Terra wallets is 0.09% and the total asset value is held in Anchor is 78M dollars.

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    On Feb 16, the Anchor Dominance for active Terra wallets is 0.94% and the total asset value is held in Anchor is 679M dollars. This is an amazing growth for Anchor because by the beginning of the month, the Anchor Dominance for active Terra wallets is 0.09% and the total asset value is held in Anchor is 65M dollars.

    According to the analysis above, most of Anchor tokens are held by active Terra wallets because over 95% of Anchor asset value is held by active Terra wallets.