Ethereum is one of the most popular blockchain platforms. It has most monthly active developers compared to other projects and ETH, Ethereum's native token, is ranked as the most valuable smart contract token by market capitalization.

Terra at one point was an emerging top contender in the DeFi space. In December 2021, Terra had $20 billion in total value locked (TVL), leading it to overtake the Binance Smart Chain as the second largest DeFi protocol by TVL. LUNA, Terra's native token, which once was a top-10 cryptocurrency by market capitalization, had an all-time high price of $119.18 on April 5, 2022.

However, Terra's ecosystem collapsed when UST, Terra's algorithmic stablecoin that was pegged to the USD, depegged on May 9, 2022, which led to LUNA being valued at $0.0004 on May 15, 2022.

This dashboard aims to explore how the collapse of Terra (LUNA) impacted Ethereum across various metrics during a specific time frame, from May 4, 2022, to May 15, 2022.

The metrics are the following ones:

• Daily transactions.

• Daily active wallets.

• Daily amount of ETH transferred.

• Daily transaction fees in ETH.

• Total Value Locked.

The data show that there was a slight increase in daily transactions.

In this time frame, most of the transactions occurred on May 13 when the average price of LUNA was $0.010.

Just like in the case of daily transactions, most wallets were also active on May 13. Active wallets in this case are unique addresses sending transactions.

Regarding the daily amount of ETH transferred, May 12 is an outlier.

By looking at the top 5 wallet interactions by the number of transactions, it can also be seen that most interactions occurred on May 13. On that day, most interactions took place between Coinbase and LUNA. This suggests that there were increased attempts to get rid of LUNA as it had lost most of its value.

When looking at the top 5 tokens transferred, May 12 is also when most transfers occurred.

Starting from May 13, LUNA becomes one of the top 5 tokens transferred, which reinforces the notion that there were increased attempts to dump LUNA.

The TVL for Ethereum declined quite noticeably. Although, of course, the decline was not as significant as in the case of Terra.

Most of the transaction fees in ETH were incurred on May 12. This makes sense, considering that most amount of ETH was also transferred on May 12.

The most noticeable changes can be observed in the case of:

• Top 5 wallet interactions (most interactions took place on May 13).

• Daily amount of ETH transferred (most ETH was transferred on May 12).

• Daily transaction fees in ETH (most fees in ETH were incurred on May 12).

• TVL (May 4 - $107.87 billion; May 15 - $69.86 billion).

Top 5 wallet interactions:

Coinbase has multiple wallet addresses, and they were merged under one label - Coinbase. Therefore, no single day has five separate interactions in the bar chart. Additionally, 8 max categories were enabled for the bar chart so that separate interactions have their own color scheme.

Top 5 tokens transferred:

8 max categories were also applied in this case.

TVL:

The figures for the TVL of Ethereum and Terra were derived from the external.defillama.fact_chain_tvl table, which contains historical TVL in USD for the blockchains listed on DeFiLlama in the external.defillama.dim_chains table.