Thorchain - Active Wallet Addresses
Q.105 We are interested in knowing how many users are currently in the ecosystem. In this case, how many are holding $RUNE in their wallet or have an open LP position. What is this number currently, and how has it trended over time?
Methodology
In this dashboard, the goal is to find active addresses on Thorchain. To reach this goal, we investigate two metrics to find out the active addresses. In other words, we can define active addresses on the network in two ways.
- Wallets have $RUNE as balance at the moment
- Wallets have an open LP position at the moment
For the first type of wallet, I create a line chart that first defines wallets that have $RUNE currently and then counts them based on their first $RUNE transferred (Born). I show them over time. After that, count all of them to know how many active wallets are and also show their total balances.
For the second type, we act like the previous part, but this time, based on the open LP position. I show them on a line chart over time and also show the total number of active addresses.
As we see from the chart above, In general, it goes through a constant trend most of the time, but sometimes it fluctuates sharply and many addresses have received $RUNE. For example, the highest number was on 8th April, when the number of these wallets was 1928.
After 26th March, the number of wallets decreased day by day. In other words, it goes on a downward trend.
When we do a summation of the total number of active wallets for this type, there is 35.7k active wallet addresses.
These users have about 79.7M $RUNE as balance in their
Our focus is after 2022, in the chart above. As we see, from the beginning of 2022 until March 2022, the number of active wallets goes constant. After that time, the growth started, but it was not permanent. On 26th March reached 479 active wallets as a new peak, but after that, the number fell and goes in a downward trend up to now.
The total number of active wallet addresses which has open LP positions are 7.64k users.
Conclusion
Wallets have $RUNE as balance at the moment
- In general, the number of active wallet addresses based on $RUNE holding goes through a constant trend most of the time, but sometimes it fluctuates sharply and many addresses have received $RUNE.
- After 26th March, the number of wallets for the above group decreased day by day.
- There is 35.7k active wallet addresses for the above group.
Wallets have an open LP position at the moment
- From the beginning of 2022 until March 2022, the number of active wallets goes constant. After that time, the growth started.
- On 26th March reached 479 active wallets as a new peak, but after that, the number fell and goes in a downward trend up to now.