Analyzing The Active Wallets On Terra

Question: Define “Active Wallets” on Terra. Based on your definition, display the active wallets by day, month, and Year-To-Date in 2022.

The fact that we do any swap operation, NFT purchase action, Warmhole Transaction, NFT selling operation, Lending, Borrowing, or any activity that involves making use of an account on a given day will mean that the account is considered active. So, in the event that we proceed with any type of operation on terra wallet, it will be considered that the wallet is active.

As you can see from the graph below, the number of active wallets on Terra since January 1,2022. The total number of Active Wallets from January 1, 2022 to May 5, 2022 was 3.94M. The maximum number of Active Wallets of 44.21K was observed March 9, 2022. Active Wallets are increasing each month. April 11, 2022 and April 25, 2022 will see more active wallets than normal

 As you can see from the below graph, the number of active wallets has changed weekly since Jan 1, 2022. We can observe a sudden increase in the number of active wallets during the first week of January 2022 as compared with the previous week. The number of active wallets will increase significantly after February 2022. In addition to this, we can also observe that this increase is followed almost every week and can clearly observe it from the week-over-week changes in active wallets. 

As a result of the above analysis, we can see an increase in active wallets from February 2022 onwards. We can conclude that the number of active wallets is increasing.

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