Methodology

• ACTIVE WALLET: Defined as an address that has done at least one transaction or has received at least once a token in the past 3 months (90 days)
• The analysis uses the following tables:
  • flipside_prod_db.polygon.transactions ( active wallets )
  • flipside_prod_db.ethereum.token_prices_hourly ( prices )

Introduction

• The dashboard analyzes the Active addresses on the Polygon network.

The analysis is broken into the following headers:

• I. Current Active Wallets
• II. Active Wallet Trend Over Time
• III. MATIC price and Active Wallet Trends/Relationship

I. Current Active Wallets on the network

II. Active Wallets' Trend Over Time

III. MATIC token price & Active Wallets Trends/Relationships

• It can be observed the MATIC token price locally topped on ~27th December.
• The Active Wallets seem to have topped following a week later, around Jan 11.
• While the price drop has been sudden, the drop in active wallets not as sudden.
• This is in part expected, given the 90-Day rolling period in the methodology.
• We see a 2nd severe drop in price starting April, which further cascades downward.
• However, the Active Wallets seem to be holding up well. Or this could simply be due to the lag in the metric!

• There doesn't seem to be a direct relationship between the daily price delta and the active wallet deltas.
• Given the lag in the metric, does it make sense to date-shift active wallets and then do the comparison? 🤔