Light as a Feather
Introduction
The introduction of the Terra Station interchain wallet on Jan 14, has generated hype across the Terra community. with big goals such as multi-chain decentralized blockchain in mind, the Terra developers have announced the first step towards building the interface to Web3.
what is Station?
the Station is an interchain wallet aiming to mitigate the complexity of processes like staking, voting, interacting between multiple blockchain networks, and interacting with dApps across all the supported chains.
the Station currently supports Terra, Osmosis, Juno, Kujira, Carbon, HuaHua, Crescent, Terra Classic networks and many more blockchains integration are on the way.
In this dashboard, we’ll try to size up the impact of introducing the Station wallet in the Terra ecosystem and note any positive effects it had on the network.

Methodology
To investigate the effects of announcing the Station platform, we’ll check out the Daily active user and transaction count. note that these two are overall network performance metrics and can be the result of other factors in the Terra ecosystem.
the next two questions we are going to answer are:
- has the Station announcement been successful in bringing in new users?
- one of the main features of the Station is easy staking. how’s the staking activity look after the Station announcement?
We’ll chart the daily measurement of the above metrics to find the trends surrounding the Station announcement. then, we’ll compare the daily average of said metrics in the week before and after the Station announcement to evaluate the impact it made.
By looking at the $LUNA volume in the staking transactions, we can also confirm the increase in Staking activities. here we broke down the daily volume by the type of stake transactions, Delegate, Redelegate, and Undelegate.
We can see that there has been a huge volume of staking, mostly Redelegations, in the days following the Station announcement, presumably, users trying out the new “Quick Stake” feature on the Station platform.
Another emphasis point in the article published by Terra was the easement of staking activities on the supported networks. an important goal in the Station developer’s mind has been optimizing the decentralization in their “Quick Stake” feature. as the name suggests quick stake also aims to simplify the process of picking a validator and delegating tokens.
Here, we are looking to investigate the impact of the announcement of the Station platform on staking activities on Terra. after checking the daily charts of the staking transactions count, we can see the immediate surge in the transactions count. calming down after the first 3 days of high activity, we can see that the daily numbers are still higher than the week before the announcement.
- on Average, there have been 840 daily staking transactions before Station.
- on Average, there have been ~1150 daily staking transactions after Station.
- we’ve seen a 36% increase in daily staking transactions.
One of the most important impacts introducing a new wallet could have is the ability to reach new users. here by looking at the daily new wallets joining the Terra network we can see that after Jan 14 there is an increase in the new wallets immediately, almost doubling the daily new users in the first few days. even though the chart shows calming down a bit after the first three days, we can compare the daily average new wallets for the week before and after the Station announcement.
- on Average, each day 152 new users joined Terra before the Station announcement.
- on Average, each day 239 new users joined Terra after the Station announcement.
- there is a 57% increase in daily new users on Terra.
this increase can be seen in the cumulative new users count on Terra below, as a change in steepness of the line around Jan 14-15.
By looking at the daily active wallets making transactions on Terra we can see the surge of daily unique wallets. it happened after Jan 14th and clearly raised the average number of unique wallets in the Terra network.
- the daily average of active users in the week before the Station announcement has been 2250 unique wallets.
- the daily average of active users after the Station announcement has raised to 3044 unique wallets.
- this marks a 35% increase in the user count after the Station introduction.
The daily number of transactions can be a general indicator of network activity. here we can see that the three days following the Station announcement have recorded the highest amount of transactions. we can compare the daily average transaction count in the weeks before and after the announcement to measure the increase.
- In the week before the station announcement, 11.6K transactions were recorded on a daily average.
- In the week after the station announcement, 17K transactions were recorded on a daily average.
- This has been a 46% increase in the daily transactions.
Conclusion
We looked at the Terra on-chain data to investigate the introduction of the Station, the new inter-chain wallet, and whether it had a positive impact in the Terra ecosystem.
By comparing the week before and after the announcement of the Station platform.
- We saw a 35% increase in the daily active wallets and a 46% increase in the daily transactions count on Terra.
- We saw a 57% increase in the daily new users joining the Terra ecosystem and making their first transaction.
- We saw a 36% increase in the daily staking activities on Terra, mostly Redelegation type transactions
After evaluating the days following the Station wallet introduction, we can safely confirm the positive impact of the announcement.
the Station has been successful in bringing in new users. also increase in the staking activities on Terra indicate effectiveness of “Quick Stake” feature of the Station.