Analysis

The analysis of the data reveals several key insights into the activity and behavior of ARB airdrop recipients on the Arbitrum blockchain: Most Popular Protocols: The three most popular protocols among ARB airdrop recipients are Aave, Uniswap, and SushiSwap. Over 290,000 airdrop recipients have used these protocols on the Arbitrum blockchain, indicating their strong preference for decentralized finance (DeFi) applications. Early Adopters: Two-thirds of the wallets receiving ARB airdrops began using the Arbitrum blockchain before mid-November 2022. A very small number of wallets started interacting with Arbitrum after the end of January 2023, suggesting that the airdrop primarily targets and rewards early adopters. Moderate Activity: The majority of ARB airdrop recipients appear to be moderately active on the Arbitrum blockchain. The largest group of recipients has executed between 10 and 99 transactions, indicating a consistent level of engagement with the network. Minimal Activity: There is a group of 14,000 wallets that are eligible for the airdrop but have only executed one transaction on the Arbitrum blockchain. This suggests that these users might be less active or potentially new to the ecosystem. Active Months: Most wallets receiving the airdrop have been active on the Arbitrum blockchain for 2 to 5 months. This shows that the recipients are not just short-term users but have demonstrated a continued interest in the network.

Correlations:

A moderate positive correlation of 0.52 exists between the active months of a wallet and the amount of ARB tokens they received in their airdrop. This indicates that wallets with longer active periods tend to receive higher amounts of ARB tokens. A weak positive correlation of 0.35 is found between the ARB airdrop size and the number of transactions executed by a wallet on the Arbitrum network. This suggests that, to some extent, wallets with more transactions on the network receive larger airdrops. These insights collectively paint a picture of the ARB airdrop recipients as a diverse group, primarily composed of early adopters and users with moderate activity levels on the Arbitrum blockchain. The data also indicates that the recipients are mainly interested in DeFi applications, with Aave, Uniswap, and SushiSwap being the most popular choices. The positive correlations between airdrop size, active months, and transaction numbers further suggest that the airdrop rewards active participation in the ecosystem.

Arbitrum Airdrop Result