Flow - 3. Daily Active Users

    Track how the Flow blockchains daily active users have evolved over time. What about monthly? All-time wallets? Recently, we’ve identified some interesting spikes (in both directions) in daily active users. Chart this activity, and try to uncover any reasonable explanations for the results.

    Flow Blockchain

    Flow is one of the latest additions to the cryptocurrency market and a rather prominent project whose market capitalization hit $1 billion a matter of weeks after the token launched. Flow is a fast and scalable blockchain and was created and developed by the same dev team that created the popular Ethereum-based blockchain game CryptoKitties.

    Interested in Flow ( FLOW ), but not sure what it’s all about or where to even begin? No worries. This guide is designed to teach you everything you need to know about the project and get you ready to jump into the most user-friendly trading experience available on the market.

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    II : Active Users
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    Monthly active user on Flow chain all times and MoN active users ( Month over Month )

    As can be seen, the number of active users gradually increased from the first month of 2020 until reaching its first peak in June 2022, with approximately 3 million active users. After that month , it dropped to around 500,000–700,000 active users for four months before reaching its second peak with approximately 5.5 million active users on November, 2022. Following this, the number of active users began to significantly decline and have some fluctuations. By the last month, there were a total of around 1 million active users.

    Furthermore, in terms of MoM active users, the MoM on November 2022 was -73% ( total of 1,400 active users ) because October 2022, the first month, had a total of approximately 5,500 active users. And then the MoM on December 2022 had a significantly increased figure, with a figure of around 250% ( around 5,000 active users ) before peaking on January 2021 at approximately 570% ( 34,000 active users ). After that peak, this MoM decreased and had some fluctuations , and continued until it peaked again on November 2022 with around 650% , or approximately 5 million active users. The MoM on march was the last peak from the MoM chart with around 760% , or 1 million active users.

    There is a new NFT marketplace built on the Flow blockchain, which is Hot Wheels Collections.

    III : New Active Users
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    I : General metrics
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    Flow chain has a total ofapproximately 11 million active users , averaging around 350,000 users per month.

    Additionally , Flow chain also has a total of almost 400 million transactions , or 12.5 million transactions per month. Lastly , Averaging almost 20 transactions per users.

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    The chart displays the Flow chain monthly new active users

    As we can see, on a monthly basis, there are around 300,000–700,000 new active users per month throughout the entire time period shown. Except for June 2022, when there is approximately 3 million new active users. 

    IV : User's activity
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    These charts display that action type based on the number of transaction on Flow chain.

    As can be seen, the Flow token transaction volume noticeably increased after October 2021 until it reached a peak in June 2022 with approximately 71 million transactions. After June 2022, this flow token transaction volume had some fluctuations, with a figure of between 40 and 80 million transactions for five months , then this volume decreased to remain between 20 and 40 million transactions.

    The majority of action types are based on the number of transactions throughout the entries of the period shown. It is transactions about Flow tokens's deposits, withdrawals, and fees, or around half of the right-hand pie chart.

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    These charts illustrate the distribution of the Flow chain wallet in terms of the types of active days and the types of transactions.

    As can be seen, the majority of the flow chain wallet is only active between 2 and 7 days , and no more than 10 transactions. As can be seen, the majority of the flow chain wallet is only active between 2 and 7 days ( approximately 6 million wallets ) , and no more than 10 transactions ( almost 8 million wallets ). Followed by only type of 1 active day with a total of 4.5 million users and type of only 1 transaction with 2.4 million wallets.

    "Active day" means days of use and "transaction count" means the number of transactions per user on the chain.

    V : Conclusion
    • Flow chain has a total of around 11 million active users, or around 400 million transactions.
    • Hot Wheels Collections is a new NFT marketplace on the Flow chain. It draws their attention. 
    • The majority of action type based on the number of transactions was about Flow tokens ( Deposits , Withdrawals , and Fees ).
    • The majority of the Flow chain wallet was only activated for no more than 7 days, and transactions occurred no more than 10 times.
    About the Author
    What happend on November , 2022 ??
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    The chart on left depict the monthly transaction volume with active users.

    As can be seen, the figure for monthly transaction volume has the same pattern as active users. November 2022 had the highest transaction volume, with approximately 40 million transactions, or around 5.5 million active users in that month.