Happy Monday, folks. We’re kicking off the week by highlighting some of the best Terra data dashboards from the past week.
We’ve got six Terra data dashboards to highlight this week. That includes submissions from @TZMCrypto, @darksoulsfanlol, @shreyashpatodia, MarneeSeaweed, and @scottincrypto.Let’s dive in.
Growth on Terra follows new protocols
We’ll start off with a look at user behavior in the ecosystem. In this submission, @TZMCrypto examined new user growth on Terra and its other related platforms.
Perhaps unsurprisingly, new user growth tends to peak just before new protocols are announced, and hold strong through launch. We can see daily user growth increases of more than 2,000 per day in the chart below, particularly following the launch of Terraswap (represented by the green bars on the let hand side of the chart), Mirror (represented by the blue bars), and Anchor (represented by the pink bars.)
Delegators make up the majority of traffic on Anchor
Our next submission examines user behavior on Anchor — specifically the behavior of delegators. In this submission, @darksoulsfanlol looked to identify just how much sway these users have on the platform, and whether they account for the majority of traffic.
As it turns out, delegators are responsible for the majority of traffic on the platform. That can be seen both when observing the number of transactions on Anchor, as can be seen below (delegators are represented by the light blue line) and when observing volume.
UST deviations peak on Terra during mid-May volatility
In our next submission, shreyashpatodia analyzed stablecoin volatility on Terra. More specifically, this analysis looked to identify deviations from the expected price of UST on Terra and how it compares to Uniswap.
As we can see in the graph below, the largest deviation was on Terra (represented by the blue line) for a small period of time in May, when UST deviated from its peg by more than three percent. This was likely caused by general fears surrounding market volatility at the time. There are also clusters of deviations of around 1.5% to 2.5% on both Terra and Uniswap at different points of time – June and July for Terra and twice in May for Uniswap (represented by the pink line.)
Why KRT prices are not affected by LUNA
Next up is another look at stablecoin prices on Terra, this time from MarneeSeaweed. This submission analyzed the impact of LUNA price volatility on various stablecoins, including UST, MNT, and KRT.
As we can see in the graph below, KRT (represented by the red line on the graph), has remained stable for much of the past nine months. This remained true even during periods of high LUNA volatility, including a price peak in March of this year and a fall in value two months later.
Terra’s top validators
We’ll wrap up with an examination of the top validators on Terra. @shreyashpatodia and @scottincrypto both tackled this question, identifying the top Terra validators, and how much they have staked on the platform.
As we can see in the graph below from @shreyashpatodia, there’s a wide range in the amount of LUNA these validators have staked. The leaders, including Staking Fund, B-Harvest, and Orion_Money, have more than 20 million LUNA staked. The other top validators each have at least 5 million staked.
@scottincrypto, meanwhile, took a more zoomed in look at the top validators in his submission. This submission identified the top five validators by voting power percentage. As we can see in the graph below, Staking Fund, B-Harvest, and Orion_Money once again lead the way here.
Do more with Terra data 🔍
That does it for this week. Thanks to everyone who submitted such great Terra data dashboards!
Want to get more involved with the Flipside community and see your own submissions on our blog? Join us on Discord to get started.