Humans on Solana

    How many unique humans (rather than unique wallets) are actively using Solana? Can you identify which wallets are 'bots' and remove them from the ""active wallet"" calculation?

    Introduction

    What is solana?

    Solana is a public blockchain platform with smart contract functionality. Its native cryptocurrency is SOL. Solana offers low fees and fast transaction times. Solana smart contracts are written in Rust rather than solinity.

    How will we catigoize addersses

    In this dashboard we will split address up in three catigorys Humans, Inactive Users, and Bots. Inactive users will be address that have not made a transaction on Solana in the past 3 months. a Bot will be a user that has over 200 Transaction on a given day. A Human will be wallets that do not fit in either of these two catigorys.

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    Methodology

    We will look at the daily transactions of users in the three groups Humans, Inactive Users, and Bots. We are looking to see how many of the current active users fall into theses diffret catigorys . We will gather the following metrics:

    • Daily/total Users in each group

    • Daily/Average transaction size of each user group

    Solana User Metrics

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    Observations

    • Most days Bots make up between 0.5% and 1.5% of the Users on Solanan, but these users make up between 65% and 90% of all transactions on Solana.

    • Only about 30% of the active users in January have mad a transaction in the pas 3 Months

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    Observation

    • Bot have the highest transaction percent of transactions over $500 of any user type

    • In every User group transactions between 2,000 and 20,000 make up less than 10% of the number of transactions, but over 50% of the total volume.

    Conclusion

    Bots on solana only make up about 1% of the active users on solana, but execute btewwn 65% and 90% of the trades. Additionally bots have larger transaction sizes on average. The users that have not been active in the past 3 months had the smallest transaction size on average. Since march 12 the percentage of transactions made up by humans on Solana has grow 3 fold.