Open Analyitics Bounty: Avalanche
How many addresses on the Avalanche network are active? What’s the daily evolution of active addresses?
What’s Avalanche
Avalanche is a platform for creating custom blockchain networks and decentralized applications (dApps). Created by Ava Labs, the Avalanche crypto platform is one of many projects seeking to unseat Ethereum as the blockchain ecosystem's most widely utilized smart contract platform.
Methodology
In this dashboard we are gonna evaluate the number of addresses active on Avalanche network. To do that, we will define active wallet as a wallet that have been done a transaction over the past 3 months or have received at least one token during that period.
On the other hand, we will plot the evolution of active addresses in a daily basis.
I’ve used transactions table from avalanche core database to get the neccesary data . let’s look at the charts :
In order to get the current number of active wallets, we first have to consider those users who have done some movement during the past 3 months. On the one hand, a total of 515K of addresses did some transactions. Excluding this users from those who received at least a token once during this time, a total of 71k wallets received something. Then, a total of more than 586k of Avalanche addresses have been active during the past 3 months.
In a daily basis, we can see how both, number of addresses doing transactions and number of addresses receiving tokens increased over time . There’s a
continuous growth of active users in avalanche since it started.
Conclusion
In this dashboard we have analyzed the active addresses on Avalanche , defining them as those wallets that did some transactions or receive at least one time over time.
A total of more than 580K of Avalanche addresses are currently active wallets. This number increased continuously.