Applications on Algorand
Introduction
Algorand is a proof of stake blockchain. In Algorand smart contracts start working by application call. The evolution of application calls indicates the expansion or decline of use and performance of the chain.
This dashboard investigate how the frequency of application calls has changed over time.
The graph below shows the daily number of transaction calls as well as the number of unique wallets call the applications.
Both have a declining trend.
Graphs below show how the daily average application call per block and number of application call have changed in the second half of year 2021.
We can see contrary to 2022, all trends are growing.
The graph below compares the evolution of applications call in 2021 and 2022.
We can see that the application call's rapid growth in Q4, 2021 continued in 2022 with a smaller slope.
Conclusion
This dashboard focused on the evolution of application calls.
We can see the significant difference between application calls between 2021 and 2022. This difference partly results from the growth of new active users in Algorand. The more user adoption leads to the more application call.
Moreover, the upgrade of Algornd in a way that application calls within an application call or two simultaneous application calls became possible increases the number of application calls.