In the News - 11. New Year, New Activity?
New Year, New Activity?
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?
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.
Introduction
You have reached the 2023 version of the Solana, Flow, Osmosis, Cosmos and Near blockchains' collective dashboard for monitoring new users, active users, token price, and NFT activity. The adoption and usage of these blockchain platforms are tracked and analyzed in detail in this dashboard.
You can view information about how many people have joined these networks since the last December (2022) on this dashboard. You can use this information to learn more about the popularity of these platforms and how quickly they are expanding.
You can also monitor the token prices and the total number of users on these networks. These numbers can shed light on the popularity of these platforms and the tokens they offer.
Non-fungible tokens (NFTs) on these blockchains can now be tracked! Non-fungible tokens (NFTs) are a type of digital asset that is gaining popularity as a store of value and a medium of exchange for a wide variety of digital and physical goods. Monitoring NFT behavior can shed light on the expanding significance of these assets within these systems.
Method
For this dashboard, we compiled information from a wide range of resources, including freely accessible blockchain explorers, paid market data providers, and in-house databases by using Flipsidecrypto’s database.
We have analyzed the blockchain transaction data to determine unique addresses that have been active in the network since December of last year, allowing us to keep tabs on the growing number of users on the aforementioned blockchains. Then, in order to get a truer picture of how many people are using this platform for the first time, we have removed all of the addresses that were in use prior to January 1.
In order to keep tabs on how many people are making use of these networks at any given time, we have analyzed the blockchain transaction data to determine which individual addresses have been in use on a daily basis. In order to provide the most accurate daily user count possible, we update this data every single day.
We have compiled information from numerous market data suppliers in order to monitor the value of the Native tokens ($SOL), ($OSMO)," ($NEAR")," ($ATOm")," and ($FLOW"). This information is refreshed in real-time to give you the most precise depiction possible of the current market situation.
We have analyzed blockchain transaction data to detect the movement of NFTs between addresses, allowing us to keep tabs on NFT transactions on these networks. The number of NFTs traded on the network and the total volume of NFT trades can then be gleaned from this collected data.
With this dashboard, we hope to give users a bird's-eye view of key metrics and trends in the widespread adoption and use of certain non-EVM blockchains. We believe you'll find this information informative as you consider the future of these platforms.
✍🏻 Conclusion
As of Findings above:
It would appear that Solana has consistently attracted more new users, active users, and NFT buyers than Flow, Near, Cosmos, and Osmosis. Further, the Solana token's value has risen far more rapidly than that of tokens on competing networks. The attractiveness of Solana's NFT offerings and user experience may be contributing factors to these tendencies. It appears from the data that Solana has been successful in terms of user adoption and usage, and that it may be a good platform for those curious about NFTs and blockchain technology.
Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I'm Hamed, a civil engineering Ph.D.
student interested in data analysis.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please take a look at my various contact details and let me know what you think.
About:
-
Author: HaM☰d
\
-
Discord: 0xHaM☰d#8391
\
-
Twitter: @arjmandi_hamed
\
-
Email: h_arjmandi2012@yahoo.com
:mag_right: Findings:
This section deals with swaps transactions on aforementioned chains.
I tried to track the number of swap transactions, unique swappers and the swapped volume FROM/TO native tokens on each chains in $USD.
In Solana the increase of swap metrics are dramatically higher than others.
While the flow and near chains this metrics are lower than others.
Solana has expensed too volatile days in new year.
:mag_right: Findings:
Flow has gained between 1,000 and 2,000 new users per day since December, with a total of 77K new users during around christmas. The number of new Solana users has been more variable, with most days seeing between 8K and 20K new users, but with a spike of 65.6K new users on January 5th. In contrast, the number of new Osmosis users has been declining since December, with daily totals ranging from 300 to 500.
Near and Cosmos experienced various range in daily percent share of new users.
As can be seen in cosmos the all days new users count was below 1K and in Near it was between 8K to 10K.

:mag_right: Findings:
Solana appears to have a 10x higher daily value of NFT buyers and volume($) than Flow or Near. The platform's user experience, the variety of NFTs offered, or the platform's general popularity could all play a role in this. It's also worth noting that the price of Solana NFTs appears to have been rising since January 4th, which may be attracting more buyers.
Also as of charts below, can be seen more than 58% of NFT buyers have bought more than $500 in Solana, while in Near and Flow the most of buyers have bought less than $5 with 39 & 35%, respectively.