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    Avalanche🔺 || Top Projects Leading New User Onboarding

    Overview
    Projects across the whole Avalanche ecosystem.
    Text Panel
    Text Panel Description

    Over time, of the 426 labeled projects, 350 have successfully attracted approximately 2.7 million new users who executed their first transactions on Avalanche through these projects.

    The table on the right lists all the projects that have onboarded new users to the Avalanche ecosystem, showing the number of onboarded users and their percentage relative to the total ecosystem users, categorized by sector.

    The charts below visualize the monthly influx of new users brought in by individual projects, along with overall ecosystem user trends.

    Since 2023, projects on Avalanche have attracted about 60% of all newcomers to the ecosystem. However, this percentage declined to below 50% by the end of August 2023.

    Notably, Trader Joe and Beefy Finance have accounted for approximately 19% of all new users joining the projects.

    The charts above focus on new users entering both projects and non-projects (transaction recipients not categorized as projects).

    Introduction

    This dashboard explores the growth of new users in Avalanche projects.

    The current analysis focuses on comparing the influx of new users across different projects within the Avalanche ecosystem. It highlights the top projects based on their ability to onboard users relative to others in the ecosystem.

    For this research, projects are defined as follows:

    from avalanche.core.dim_address_labels where
        project_name is not null
        and label_type not in ('chadmin', 'cex', 'token')
        and project_name != 'Exchanges'
    

    Addresses that do not fall into these categories are considered non-project addresses.

    Query Reference:

    https://flipsidecrypto.xyz/Yousefi_1994/near-projects-attracting-new-users-vYuCnj

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.