Active Wallets on Terra

How do you define an active wallet? Well you can't find a single method to distinct them once for ever. But we will implement a filter that we think works (although not perfectly) and will filter them based upon time to see how stats look like.

Methodology:

This analysis is based on the data and app provided by flipside crypto. I First define what i assume to be an active wallet by two simple yet principal criteria. then i will show how these numbers change over time based on different time periods and also how can we understand its possible growth or decrease.

Criteria for Active Wallets:

Being a Delegator. Terra ecosystem owes it's security and stability to those who stake their Luna into Validators. Some might say people might do this just for the sake of its financial gain but the point is beside from that this is absolutely justified, it is not the only criteria i am implementing. based on what i have seen in terra community, a lot of active users, even retail and those who do not know anything about DeFi in general and are mostly active in NFT space, does still stake at least some amount of Luna and are delegators.
traders. Those people who are actively swapping their assets in DEXs for various reasons like trading. these people are familiar with choices they have, overall market situation and best practices to do so.

In my opinion These two criteria together can represent an active wallet in Terra block chain. now it's time to take a look at numbers...

Detailed criteria for each category is as follows:

having staked sum of 1 Luna in any validator
having at least 2 transaction in swaps for Daily, 10 monthly and 80 in a year.

while these numbers are highly speculative but it fits with my own intuition as an active terra user. If you are an active terra user you would probably do some swaps for NFT minting, paying fees, trading, transfering, etc. You as an active user are connecting different areas of network, making them alive and interoperatable.

In next 3 Chart we can see how many Users with 1 luna staked and having at least 2 transaction per day, 10 transactions per month, and 80 transactions per year exist.

It is clear that TerraMoney is experiencing a unprecedent peak in it's new users and turning them into active users right away. it's been roughly 5 months into 2022 and active users are already 2.5x more than 2021. This mass adoption and active playing can be related to new moves that LFG is making to adopt BTC for UST reserve and also growing in number of protocols in Terra ecosystem. I expect to see this uptrend continuing it's path to even more numbers every day.