[🤔] Approach

Data Source and Tables

To conduct our study, we are using Flipside Crypto database, from this data source, we are using following tables to acquire required data:

• near.core.fact_transfers → This table contains data about NEAR token transfer.
• near.core.fact_transactions → This table contains all the transaction that happened on NEAR blockchain.
• near.core.fact_receipts → This table contains more detailed information about transactions.

Methodology

First of all, we should find wallets that are related to the SWEAT Economy, a simple way is to look for wallets that contain sweat in their names and have considerable number of transactions (in this instance, we have chosen 100K transactions)

To find Sweatcoin transactions, such as new wallet creation, we should look for transactions done by these wallets. And to find transactions done by users, we should look for the transactions that their receiver is a Sweat wallet (wallets selected in the last section).

To access minted SWEAT token by walkers we should dig a little deeper, to do this, we should access LOGS column in the fact_receipts table, where receiver_id is 'token.sweat' and the event is 'ft_mint', by looking further into json data, we can find owner_id and amount data, these data are related to the wallets and the amount of SWEAT they each have earned; In order to get reliable results, we have to make sure we are querying wallets that were created by Sweat Economy wallets.

Study Period

This study is from January 2022, the SWEAT token was released in September, so some charts include data from that time.

[📙] Overview

Daily User and Transaction Share

The following chart show the daily share of unique users and transactions done of SWEAT users on NEAR blockchain.

It can be seen that:

SWEAT related transactions account for up to a quarter of the transactions done on NEAR. Meanwhile almost half of the NEAR blockchain users are SWEAT users.

Daily New User Count

The following chart depicts the daily new users who interacted with SWEAT wallets, as well as, cumulative number of users.

• On second day after launch, new user count peaked at around 150K users and fell significantly the next day.

The number of daily new users has been in a decline.

[👤] Sweat User Activity

[📅] Most Active Times

Although the SWEAT token has not been released for a long time, we are still going to take a look at the most active moments of activity in the last few days.

> All Charts are in UTC.

By looking at the following graphs, we can conclude:

• Thursday has been by far the most popular day to take a walk.
• Most popular time of the day has been between 12:00 and 20:00.
• On Thursday users have been active regardless of the time of the day.

It seems that on Thursday, the second day of release, users from all around the globe have tried the SWEAT Wallet. After that mostly users from the Americas have been active walkers.

[📜] Introduction

Bounty assumes readers know about Sweatcoin, so we'll jump right into the analysis.

In this dashboard, we are going to take a look at the SWEAT token that is recently available on the NEAR blockchain.

• First we examine users activities and compare SWEAT users with other dapps in NEAR ecosystem.
• In the next step, we will take a look at the wallets that belong to the Sweat Economy, these wallets were used to create SWEAT Wallets.
• We are also going to take a look at the SWEAT token emission.

[👛] Sweat Wallets Activity

In this section we are going to examine transactions done by Sweat wallets, these transaction mostly consist of creating wallets.

Sweat Wallets Transactions

The following chart depicts the number of daily transactions done by SWEAT wallets in comparison with the rest of NEAR ecosystem.

It can be seen that

• these transactions has started since April 10, and increased significantly during May.
• On May 6th, nearly 60% of transactions done on NEAR blockchain were done by SWEAT wallets.
• On Aug 21, the share of SWEAT wallets in transaction count has decreased significantly, there is a massive spike on rest of NEAR activity on that day.
• The share of Sweat wallets has increased since August.

Top Contracts

Let’s take a look at the top weekly contracts, but before examining the charts lets talk about the methodology used to draw these charts,

> There are many contracts used by users on NEAR blockchain, to reduce cluttering, we are only showing the top contracts of each week, these contracts should have at least 100K transactions on that week to be included.

The donut chart depicts the top contracts, we can see that ==sweat_welcome.near== contract accounted for almost 20% of the transactions done.

The next chart, shows weekly top contracts, it can be seen that SWEAT contracts have appeared in the top list since May, ==token.sweat== contract has recently gained traction in September.

[💧] SWEAT Emission

[📍] Summary

Let’s summarize the key points of the study:

• Around 14.25M Wallets were created by Sweatcoin, to create those wallets they have spent roughly 0.72M NEAR, 600K users have interacted with SWEAT token and since its launch, around 158M SWEAT has been minted.
• SWEAT related transactions account for up to a quarter of the transactions done on NEAR. Meanwhile almost half of the NEAR blockchain users are SWEAT users.
• The daily amount of SWEAT minted seems to be stable and around a mode of 15M. With current price of SWEAT token which is around $0.05, It means they are burning around $750K on most days.
• It seems that the average daily number of walkers has stayed around the same number, around 5M.
• Other than Sep 15, which is an exception, walkers have earned around 3.5 SWEAT per day.
• Only a very small percentage of users have earned more than 50 SWEAT. And the number of users who earned more than 20 SWEAT is more than the number of users who earned less than 20 SWEAT.
• It seems that on Thursday, the second day of release, users from all around the globe have tried the SWEAT Wallet. After that mostly users from the Americas have been active walkers.

Walkers SWEAT Earning Distribution

The next chart shows interesting results, it shows the distribution of total amount of SWEAT earned by its users.

• A very small percentage of users have earned more than 50 SWEAT.
• almost a quarter of the users have earned between 30-40 SWEAT.
• The number of users who earned more than 20 SWEAT is more than the number of users who earned less than 20 SWEAT.
• The maximum amount of SWEAT that a user has ever achieved is about 61.9 SWEAT.

Average SWEAT Earned per Walker

The following chart illustrates the average amount of SWEAT earned ==per user== on each day.

Other than Sep 15, which is an exception, walkers earn around 3.5 SWEAT per day.

Daily Walkers

This chart shows the daily number of users (walkers).

It seems that the average number of walkers has stayed around the same number.

Daily Statistics

The next chart shows the statistics such as max, mode, avg and median daily minted SWEAT token.

This chart shows the average amount of SWEAT emission per transaction (not per user).

Daily Emission

The following chart depicts the daily amount of SWEAT token minted by users (walkers) and its cumulative amount.

The daily amount of SWEAT minted seems to be stable and around a mode of 15M. With current price of SWEAT token which is around $0.05, It means they are burning around $750K on most days.

Sweat Wallets

The following chart illustrates the number of wallets created by the Sweat Economy protocol.

• Before May 4th, there has been several oracle wallets, that have been active since April 12th.
• Since May 4th, there has been a single wallet, swear_wlcome.near that has been tasked with creating new wallets.
• It can also be seen that almost 12 million wallet or 86% of the wallets are created by sweat_wlcome.near, this wallet has spent more than 600K NEAR to create wallet.