[Wormhole] Prep for Flight

    Investigate the timing for people who use both Shuttle and Wormhole. For users who use Shuttle, how long is it before they adopt Wormhole? Do they continue using Shuttle after using Wormhole? If so, do they continue to use both protocols? How much? As with #132 - which may be helpful for this analysis - you have discretion to explore topics of interest. The goal, once again, is to understand the user bases for both Shuttle and Wormhole and to use their on-chain activity to investigate their motivations and incentives.

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    • We take a glance at the cumulative transaction trends after these wallets have tried out Wormhole for the first time. Below, we dive deeper into classifying each wallet's individual behavior.
    • From the above chart it would appear the majority of the adopter wallets prefer to use both protocols just as much.
    • Is that really the case?
    • As we dive deeper into the behavior of wallets that tend to use both protocols after Wormhole adoption, we actually see that most of the wallets still prefer Shuttle over Wormhhole!

    • They might continue using Wormhole every now and then, but the majority of their transactions are via Shuttle.

    • Usage breakdown criteria:

    WHEN (wh_count/total_counts) * 100 < 45 THEN 'Shuttle Majority'
    WHEN (wh_count/total_counts) * 100 >= 45 AND (wh_count/total_counts) * 100 <= 55 THEN 'Equal Usage'
    ELSE 'Wormhole Majority' END
    
    • We define the overlap criteria as:

      • Users who initially tried/used Shuttle and then later did a Wormhole Transaction.
      • The period observed is Oct 20,2021 to Jan 10,2022
    • Below dashboards use the term 'Adopter' to describe such users that have the overlap!