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    Active Daily Wallets in Algorand Ecosystem

    Algorand seems to be one of the most exciting projects in crypto space right now. they are growing fast and a lot of good financial platforms like Algofi and swaps like Algodex and Pact seem very promising for the future. in this bounty we want to see how many active daily wallet transacted with algorand blockchain. this a representive of growth in Algorand.

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    active daily wallets in january 2021 seems very stable around 250k. comparing to december 2021, beside from the hype that we see in next chart, there is a relative decrease in active daily wallets but around Dec 19th there comes a very sharp growth that probably can be assigned to launch of Algofi.

    to make sure what probably is the reason behing this hype we ran the same query to make sure what is the source. we obsereved that almost all are payments so it is probably related to algofi.

    also there is two spikes in Jan 2022 which we can relate to algorand collaboration with some other Ramp protocols like Quickbooks. it seems that algorand have some difficulties with getting more users in this period but previous users Are using more frequently and adapt to algorand ecosystem.