Here are some of the key takeaways from the analysis of active users on Avalanche since the start of 2023:

• The daily number of active and new users has started to increase since the end of March.
• The majority of days (nearly 60%) had a normal activity level, while only a quarter of them had low activity.
• The token-related contracts were among the top contracts that users interacted with.
• Trader Joe was the dominant DApp throughout 2023.
• Stargate Finance and Avalanche Bridge have gained some momentum since April 2023.
• Younger addresses with an age of fewer than 3 months were more active since the start of the year.
• Afternoons, especially on Mondays had the most number of active users throughout each week.

Since the start of 2023, the number of active and new users were in a stable trend with a spike in late January. It is worth mentioning that both of these numbers have started to increase since the end of March.

Avalanche is a blockchain network that offers fast and efficient solutions for decentralized applications and enterprise-level blockchain systems. Its unique consensus mechanism, called Avalanche consensus, allows for near-instant finality and ensures network security. The platform includes subnets, enabling developers to create their own blockchain networks while still benefiting from the security and scalability of the main Avalanche network. Its goal is to provide a high-throughput infrastructure for building decentralized finance, supply chain management, and other blockchain-based solutions.

This dashboard is designed in a parametrized manner to let users select their desired time period and interval. The beginning of 2023 until the end of April was selected as the default frequency of the analysis and the insights provided are related to that specific period. Besides the current tab that just gives an overview of the number of users on Avalanche, there are other tabs that each dive deeper into a particular aspect of user activity on the network.