Try Quests to earn cryptoTerra - 10. Light as a Feather
INTRODUCTION
Terra announced the launch of its Station wallet On 14th January 2022 which has generated excitement in the Terra community.
Terra’s first step towards building the interface to Web3 is complete with the launch of Station – an interchain wallet that simplifies the often complex process of interacting with multiple blockchain networks.
Station download links and other helpful resources, including desktop, Chrome extension, Firefox add-on, web app, and docs
Station paves the foundation for a multi-chain future -- one in which decentralized blockchain economies can align incentives with one another by creating bilateral, mutually beneficial economic agreements and creating a new chain takes mere minutes.
Today marks a critical inflection point as we draw closer to this future. Users and developers across the Cosmos now have access to an interchain wallet that makes cross-chain experiences seamless and more enjoyable….
Deciding on which validator to delegate your stake to on a PoS blockchain can be difficult with so many options. Quick Stake streamlines staking. Users simply select their preferred chain and the amount they desire to stake – Station handles the rest.
Quick Stake optimizes for decentralization, automatically selecting and staking to validators based on specific pre-disclosed criteria, such as voting power and historical performance.
Station’s user-friendly interface & clear organization of assets make it easy to keep track of assets & make informed decisions. Add new tokens, send & receive, or monitor your portfolio at a glance using Station’s pop-out sidebar wallet….
Interchain Governance The Governance hub allows users to view and vote on proposals for all supported chains in one convenient location, saving users time from needing to switch between interfaces or platforms to stay updated on proposals for different networks….Chain Integrations Station has launched supporting Terra, Osmosis, Juno, Kujira, Carbon, HuaHua, Crescent, Terra Classic, Mars (testnet), and Sei (testnet), but we anticipate many other chains will be added before February.() \n
TRANSACTIONS & USERS
ANALYSIS
IT CAN BE OBSERVED THAT THE NUMBER OF TRANSACTION HAS SHOWN CHANGES IN THE WEEK BEFORE ALSO ,BUT MAJOR CHANGE WAS NOTICED, & , A HUGE SPIKE WAS SEEN ON THE FIRST DAY OF THE WEEK AFTER ANNOUNCEMENT .
USERS COUNT ALSO HAS AN UPWARD TREND SIMILAR TO NUMBER OF TRANSACTION BOTH ARE BULLISH .
UNIQUE USERS HAS BECOME DOUBLE IN COUNT FROM PREVIOUS WEEK , BEFORE ANNOUNCEMENT . BOTH THESE PARAMETERS ARE UPWARD SHOWING POSITIVE IMPACT OF ANNOUNCEMENT .ON JANUARY 15TH MORE THAN 25K TRANSACTIONS ARE SEEN IN A SINGLE DAY JUST AFTER ANNOUNCEMENT ON 14TH .UNIQUE TRANSACTION COUNT WAS MORE THAN 4103. SO IT WAS PROVED LOTS OF NEW USER HAS DONE TRANSACTION FOR FIRST TIME & EXISTING USERS ALSO BECOME ACTIVE .
ANALYSIS
AFTER OBSERVING ABOVE CHARTS, WE CAN SEE THAT TRANSACTION PER MINUTE OF TERRA USERS IN ANNOUNCEMENT PERIOD . ON JANUARY 15TH THE TRANSACTION PER MINUTE SHOOTED UP & WE SEE THE IMPACT. IT ALMOST BECAME DOUBLE OF PREVIOUS DAY . BEFORE ANNOUNCEMENT IT WAS AROUND 7K ON 13TH & 14K ON 14TH ,WITH HIGHEST ON 15TH JANUARY WITH 17.9K TRANSACTIONS. BLOCK COUNT WAS HIGH ON 15TH JANUARY WITH 9664 TRANSACTIONS PER MINUTE. WE CAN SEE AN INCREASE IN TREND AFTER ANNOUNCEMENT . THE BLOCK COUNT WAS ALMOST 2 TIMES AFTER ANNOUNCEMENT .
WE AN SEE AN INCREASE IN THIS PARAMETER AFTER ANNOUNCEMENT . AVERAGE TRANSACTION COUNT WAS BULLISH WITH 14K AFTER ANNOUNCEMENT . BEFORE ANNOUNCEMENT THE AVERAGE TRANSACTION COUNT WAS 10.8K
ANALYSIS
WE CAN SEE AN IMMEDIATE SURGE IN THE PRICE OF LUNA ON 14TH JANUARY ITSELF. AFTER THIS PERIOD IT HAS UPWARD TREND WITH A LITTLE DOWNFALL ON SOME DAYS . 362 NEW WALLETS WERE CREATED ON JANUARY 15TH & ON ANNOUNCEMENT DAY IT WAS 274 & A DAY BEFORE ANNOUNCEMENT IT WAS 198 IN COUNT . AVERAGE NUMBER OF NEW WALLETS CREATED BEFORE ANNOUNCEMENT WAS 152.7 & AFTER ANNOUNCEMENT IT BECAME 241.14 TOTAL NEW WALLETS CREATED WAS 1690. SHARE OF NEW WALLETS BEFORE STATION ANNOUNCE MENT WAS 38.8 % & 61.2 % AFTER ANNOUNCEMENT .
SMART CONTRACTS ON TERA
ANALYSIS
WE CAN SEE A RISE IN NEW CONTRACTS DEPLOYED & ALSO THE EXISTING CONTRACTS BECAME MORE ACTIVE . ON 16TH JANUARY TWO DAY AFTER ANNOUNCEMENT, THE ACTIVE CONTRACTS ROSE TO 204 CONTRACTS WHICH WAS 173 ON 13TH JANUARY 2023, 177 ON 14TH THE DAY OF ANNOUNCEMENT, & ON 15TH JANUARY IT WAS 193 NEW CONTRACT DEPLOYED WAS 2 ON 14TH JANUARY 2023 & INCREASED TO 24 ON 19TH JANUARY WHICH WAS A DRASTIC CHANGE & ON 21ST IT AGAIN FALL TO 4 SHOWING THE IMPACT BEFORE & AFTER ANNOUNCEMENT . THE REASON BEING UNCERTAIN AS THE GRAPH SHOWS FLUCTUATION. BUT IT IS ASSUMED THAT THE SURGE WAS DUE TO ANNOUNCEMENT ONLY .
STAKING/UNSTAKING
ANALYSIS
ON ANALYSING THE STAKING & UNSTAKING ACTIVITIES WE CAN OBSERVE A FLUCTUATION IN THE GRAPH .ON JANUARY 10TH , 303K UNSTAKE COUNT WAS THERE WITH A VERY LITTLE STAKE, 303K . ON THE ANNOUNCEMENT DATE, THE STAKE COUNT WAS 417K & UNSTAKE WAS 279K THE DAY AFTER ANNOUNCEMENT ON 15TH JANUARY THE COUNT SHOOTED FOR STAKE TO 1.86M & 1.88M ON JANUARY 18TH 2023 . THIS SHOW HOW STAKERS STARTED BELIEVING ON TERRA ECOSYSTEM AND STARTED BELIEVING . ANNOUNCEMENT OF STATION WAS A POSITIVE INDICATION FOR STAKER .
ANALYSIS
THE GRAPH HERE SHOWS BULLISH TREND AFTER ANNOUNCEMENT FOR BOTH TRANSFER COUNT & VOLUME . ON 13TH JANUARY THE TRANSFER COUNT WAS10.7K WHICH ROSE TO 21.9K ON THE DATE OF ANNOUNCEMENT SHOWING IMMEDIATE EFFECT & THEN AGAIN INCREASED TO 26K ,ALMOST DOUBLE OF 13TH JANUARY 2023. FROM THEN ONWARDS THE GRAPHS ARE UPWARD ONLY . TRANSFER VOLUME WAS HIGH BEFORE ANNOUNCEMENT ALSO WITH 11.1M ON 9TH & 10.9M ON 10TH JANUARY .IT WAS AS LOW AS 5.6M VOLUME ON 13TH JANUARY . IT ROSE TO 11.9 FOR 14TH ON THE DAY OF ANNOUNCEMENT & ON 15TH JANUARY ,IT WAS 11.9M SHOWING A SPIKE ON TWO CONSECUTIVE . THIS IMPLIES THE GRAPH IS BEING IMPACTED BY ANNOUNCEMENT OF STATION.
ANALYSIS
WE CAN SEE THE NUMBER OF SWAPPERS FROM 187 ON 13TH JANUARY TO 344 ON 15TH JANUARY . ON ANNOUNCEMENT DATE 14TH IT WAS 273 SHOWING A REMARKABLE DIFFERENCE IN SWAPPERS COUNT . THE NUMBER OF SWAPS WERE AROUND 900 CONSECUTIVELY FOR 3 DAYS BEFORE ANNOUNCE,ENT ON 14TH IT ROSE TO 2902 , & ON 15TH JANUARY IT WAS 3560 SHOWING A HIGH JUMP IN THE STATS PROVING THE IMPACT OF ANNOUNCEMENT OF TERRA STATION . HTE TREND IS SEEN BULLISH .
CONCLUSION
THE DATA REVEALED IN THE DASHBOARD HAS HELPED US IN REACHING THE CONCLUSION THAT THE ANNOUNCEMENT OF STATION ON ECOSYSTEM IS SIGNIFICANT .AS WE CAN NOTICE A FLUCTUATION OF THE DATA ,BEFORE ANNOUNCEMENT & A HYPE IN OVERALL STATS AFTER ANNOUNCEMENT, IN TERMS OF TRANSACTIONS , USERS ,TRANSFERS,SWAPS,STAKING & UNSTAKING ,WALLETS & PRICE ETC. FINALLY WE CAN SAY LAUNCH OF STATION HAVE IS A FAVOURABLE ATTEMPT BY THE TERRA & WILL BE ABLE TO BOOST THE ECOSYSTEM AS IT IS SUCCESSFUL IN DRAWING NEW USERS TOWARDS ITSELF .
ANALYSIS
WE CAN OBSERVE THE CHANGE IN SWAPS COUNT ON 15TH JANUARY 2023, THE DAY AFTER ANNOUMCEMENT . NUMBER OF SWAPS INCREASED FROM 2449 ON 14TH JANUARY (ANNOUNCEMENT DAY ) TO 2918 ON 15TH JANUARY , THE DAYS BEFORE ANNOUNCEMENT ,WE CAN SEE THE COUNT WAS AROUND 740 FOR THREE CONSECUTIVE DAYS .
SWAPPERS COUNT WAS AROUND 75 FOR FOUR DAYS BEFORE ANNOUNCEMENT . ON ANNOUNCEMENT DAY IT INCREASED TO 114 . & THE DAY AFTER ANNOUNCEMENT ,ON 15TH JANUARY IT REACHED TO 134 . THE GRAPH HERE BULLIAH BOTH FOR SWAPS & SWAPPERS BUT THE COUNT IS LESS THAN SWAP FROM $ LUNA.
METHOD
In this report, we will be inspecting the have an effect on of the Station launch on the Terra ecosystem via searching at these metrics such as- Hourly LUNA Token Price, LUNA Daily User Activity, Terra Smart Contract Activity, and LUNA DEX Activity. We will be evaluating facts from the week earlier than and the week after the Station launch to decide if there was once a measurable affect on ecosystem activity. Additionally, we will additionally think about different plausible elements that may additionally have affected these metrics. Let's dive in and see what we can learn!
Data Collection: We will acquire statistics on the 4 key metrics: Hourly LUNA Token Price, LUNA Daily User Activity, Terra Smart Contract Activity, and LUNA DEX Activity. Data will be gathered for the week earlier than the Station launch and the week after the Station launch. \n \n Data Analysis: We will analyze the records accumulated for every metric to decide if there was once a measurable influence on ecosystem endeavor as a end result of the Station launch. We will additionally seem to be for any patterns or tendencies in the facts that might also point out different elements that may also have affected these metrics. \n \n Visualization: The facts will be visualized the usage of line graphs and bar charts to simply show the adjustments in the metrics earlier than and after the Station launch. \n \n Comparison: We will evaluate the statistics from the week earlier than and after Station launch to see if there is any enormous trade in the metrics. \n \n Conclusion: We will draw conclusions
QUESTION
The announcement of Station has generated hype in the Terra community. Has this type translated to an increase in activity?
Define and visualize at least 2 metrics for ecosystem activity and analyze them in the week before and after the Station. Did the launch have any measurable impact? Are there other factors that might be in play affecting the metrics you’ve chosen?