Terra New Users Protocol Interactions

In this article , we aim to focus by using applications like Anchor, Mirror, Pylon, Astroport, Terraswap, Prism, and Mars, we will assess the extent to which new users interact with each other more than once, or at least at least once in past 90 days. Basically, this means finding the number of users who have used particular projects. Additionally we can see here the number of users by the number of transactions they have made, which means “total number of users by number of transactions”.

We are considering here the “interact with applications ” means, e.g. “at least 1 transaction”, “at least 5 transactions”, etc. done with different applications like Anchor, Mirror, Pylon, Astroport, Terraswap, Prism, Mars etc. And also can see the categorization of these transactions .

The graph below shows the total number of new users of Terra in the last 90 days. Total Wallets between December 11, 2021 and March 11, 2022 was 328.33K. Maximum Wallets of 5.94K were observed on March 9, 2022. Wallets show an increasing trend in past 90 days.

This graph shows the total number of users to have made interactions in the past 90 days by applications. In particular, we can see from the application anchor that the most users are interacted with. A total of 34.11% of total wallets came from the Anchor Project and 59.52% of that came from the Top 2 Projects, terraswap and anchor.

Here is a chart that shows the number of users who have interacted with Terra by the number of transactions. You can see the wallets based on the number of transactions they have performed, which means whether they have done a single transaction or multiple transactions. As we can see, the category “Less Than 10 Transactions” contributed for 88.29% of total Wallets. This means more than 88% of wallets in the past 90 days had interacted with less than 10 transactions category with different applications.

The following tweet shows the TVL performance of the top Blockchains over the past month.

Based on the above analysis, it appears that the majority of wallets were using the Anchor Protocol to carry out their interactions and transactions. Additionally, the total number of transactions held by Terra users over the last 90 days has been mostly under 10 transactions. Nearly 88% of wallets have done interactions with less than 10 transactions within the last 90 days.

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