There is a total of 209K unique wallet address that has been used to make transaction on Terra 2.0. The largest hike occurs between June and July, due to the launch of Terra 2.0 chain. There is also a little ‘bump’ on Sept, indicating sudden surge of new address joining Terra

The weekly trend reports around 900 to 2000 new wallet address joined Terra per week. On Sept 5th, there a surge of 10 K wallet making their first time transaction on Terra.

The average TPS imitates the user growth

The average total weekly txn count and average unique transacting address, shows similar pattern to the Weekly new user growth .

The rise in txn activity in Sept may have been due to the sudden surge of new users.

There is a higher total fees paid beginning Sept and peaked on Oct at 8317 Luna

The average fee paid is the highest on Oct 2022, and has been in all time low.

The weekly distribution of Average transactions indicates that a large majority of Terra 2.0 users make about 10 or less transcation per week.

Only 3 address averages more than 300 txns per week.

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Introduction

What is Terra 2.0?

Terra 2.0 is the fork of the original Terra chain.Terra chain was intended to host algorithmic stablecoins. The original Terra chain has hosted various DeFi projects such as Anchor Protocol , Astroport and RandomEarth. The Terra chain went bust after its algorithmic stablecoin, UST, depegs, causing bankrun. The LUNA token went inflationary to absorb the UST depeg but fails. The chain was rollback but the UST project is dumped.

This dashboard is done to measure the activity on Terra 2.0.