Try Quests to earn SOLIn the News - 11. New Year, New Activity?
QUESTION \n
The holidays and New Year are often chaotic in the crypto and DEFI space, as users make a spree of new transactions and wallets as they receive (and give) some cash and coins as holiday gifts.
How has this activity impacted the crypto and DEFI ecosystems? Are users creating new wallets or buying tokens with their newfound holiday wealth? Are they staking all those new tokens once they get them? Or are they selling tokens to pay for their own gifts and holiday travel?
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Create a dashboard that captures activity across metrics such as new user onboarding, token prices, NFT prices, or any other notable trends or events. Feel free to examine multiple chains or ecosystems in your dashboard.
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NOTE: Dashboards submitted for this bounty should not cover the Terra ecosystem, or any Ethereum chain, fork or Layer 2 including BSC, Polygon, Arbitrum, Optimism or Ethereum Mainnet
FLOW NFT STATS
ANALYSIS
On FLOW platform daily NEW USERS are between the range of 1k to 2k for the first 10 day but on JANUARY 11 ,we can see a big spike with 29.82k new users joining the platform showing users still believe on FLOW chain .Total new user are showing upward trend only with a total of 45.27k on11th JANUARY .
On SOLANA platform there are steep curve in the graphs. The new users are increasing from 1st JANUARY to 5th JANUARY . but on 5th JANUARY it recorded highest with 65.81k new users joining the chain. On 6th it again fall down to 18.94k showing uncertainty on this chain . On other days the range of new users were from 6k to 22k. the total new user of SOLANA ON 11TH JANUARY was 210.45k which was 3 times greater than FLOW.
ANALYSIS
FLOW was successful in attracting more than 6000 daily active users in new year 2023 with spikes on 5th & 11th JANUARY with more than 17k & 23k respectively .On the other hand SOLANA had more than 98k on first 10 days but on 11th JANUARY it fall down to 38k . Highest active user could be seen on 5th JANUARY with more than 238k.
ANALYSIS
Average price of FLOW NFTs were lowest on 2nd & 4th JANUARY . Highest price was seen on 1st JANUARY only .Floor price of FLOW NFTs was stable in 1st week of new year and from 10th JANUARY it started rising . Sales volume was highest on 10th January & lowest being on 11th JANUARY. Sales count was highest on 4th JANUARY, more than 16k & lowest sales count was on 11th only 3601 only .On FLOW the buyers count of NFTs are found between the range of 1k to 4k highest being on ON 10TH JANUARY with 3498 buyers & lowest on 11th with 1051 buyers .
ANALYSIS
SOLANA floor price was highest on 9th JANUARY .highest being on 7th JANUARY . Highest average price Of SOLANA NFTs were on 9th JANUARY & lowest price was visible on 4th JANUARY . On 2nd JANUARY , highest number of SOLANA NFTs,73.6K , were sold showing users still believe in SOLANA . daily sales count were more than 44k everyday except on 11th JANUARY .Sales volume was also highest on 2nd JANUARY & lowest on 11th JANUARY .The number of NFT buyers on SOLANA are greater than 8k with highest buyers count of NFT in new year being more than 12k
CONCLUSION
The price of the Solana token has increased remarkably and is greater than the FLOW platforms.
These bullish trends may be due to the overall popularity and market demand for Solana, as well as the attractiveness of its NFT offerings and user experience. Solana has been performing well in terms of adoption and usage, and maybe a strong platform for those interested in NFTs and block chain technology. Solana has consistently outperformed Flow in terms of the number of new users & active users, and NFT buyers on the platform.
METHODS
TO CREATE THIS DASBOARDS WE HAVE USED DATAS FROM DIFFERENT SOURCES . WE Have analysed for new year 2023 on SOLANA & FLOW.
Tables used of Solana & Flow data base on Flipside are:
solana.core.fact_transactions
solana,core.fact_nft_sales
crosschain.core.fact_hourly_prices
flow.core.ez_nft_sales
flow.core.fact_transactions
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INTRODUCTION The Solana Foundation is working to make the Solana protocol the most censorship resistant network in the world. 1. On the permissionless Solana network, anyone can participate in helping to secure the network as a validator. The Solana Foundation encourages new and existing validators to maintain high quality operations via the incentive structure of our Delegation Program.
INTRODUCTION
The Solana Foundation is working to make the Solana protocol the most censorship resistant network in the world. 1. On the permissionless Solana network, anyone can participate in helping to secure the network as a validator. The Solana Foundation encourages new and existing validators to maintain high quality operations via the incentive structure of our Delegation Program.
ANALYSIS
Of these tokens, Solana has seen the largest increase in price, at 32%, which is significantly more than the FLOW tokens. This suggests that the market demand for Solana has been stronger than that for FLOW and resulting in a greater price increment. The token price of FLOW & SOLANA were lowest & HIGHEST on same dates.