To visualize the hype and the constant growth of Terra,we present some charts that show critical informations about this ecosystem.

first we start with the number of active wallets on TERRA in last 90 days:

In the above chart you can check number of new users VS price of LUNA.

In the below chart I explore UST(as stablecoin of TERRA ecosystem) Supply with price movement of LUNA:

The graph below shows the address count for each of the protocol’s launch. Based on this, we can see that Anchor is the most anticipated by the public. With an average of 20% APY for deposits and over 100% APY for borrowing at launch, it is no wonder that it’s highly anticipated. Another interesting note is that the combined new user count for Pylon’s Wave 1 and Wave 2 exceeds Mirror, meaning that Pylon’s popularity is higher than Mirror at launch.

staked LUNA

The graph below shows the total staked LUNA over the last 10 epochs.

and here is the chart that shows amount of staked LUNA since beginning of 2021.

fees in USD

Since Terra allows transaction fee payment using any of its native coins, in order to find out the correlation between the number of transactions and the fees collected, the fees must be denominated by a single currency. This is done by summing up all the coins used in a transaction as transaction by their respective oracle prices.

Note: Some transactions use multiple coins as transaction fee.

The graph below shows the fee collected vs the number of transactions. Based on the graph below, the hypothesis made earlier is false, where the fees collected are seemingly unaffected by the number of transactions, which doesn’t make sense. So further investigation was conducted.

Top 10 validators

The validators network on Terra is a vital part of the ecosystem and, among other things, guarantees the security of the Proof Of Stake blockchain.

Let’s take a look at the top 10 validators at the time of writing this:

According to the recent stats on Terra Stake:

Most of the top validators have 100% uptime and around 0% missed precommits. So the track record part seems to be working just fine.

Half of the top 10 validators have 10%, 3 of them have 0% and 2 have 5% commission rate. I think this is partly caused by the fact there are currently no avaliable 0% fee validators on Anchor Protocol when bonding LUNA. According to stats on Anchor and Terra Station around 18% of the total staked LUNA is staked through Anchor. So the commission rate also has an impact if we factor in the fact that Anchor Protocol skewing the balance.

Most of the top 10 validators have less than 0.05% self-staking, exceptions are hashed(%78), DokiaCapital(%4.65) and Certus One(1.35%). So this one might have been more important in the early days when the validators needed to gain trust but it seems to be almost irrelevant at this point.

##Native Swaps on Terra These swaps are executed using the Terra Station app. By accessing the swap section, users can swap LUNA and the other protocols’ native coins ($ANC, $MIR, $MINE, and more to come) with all the 18 stablecoins currently used by the Terra ecosystem. Transaction fees can be paid using any of the aforementioned currencies and slippage can be manually selected.

Let’s now talk about volumes. How do swapping pairs compare to each other? To paint the picture in the best way possible, we are going to take into consideration all transactions in the last 365 days. Furthermore, we’re going to keep same-coins transactions separate (for example the LUNA-UST pair is different from UST-LUNA) to see if we detect patterns and common behaviors.

Liquid or Terra Swaps

Moving onto Terra Swaps, let’s see what the situation looks like. As mentioned before, these transactions are made using user-funded pools that are hosted and available on the TerraSwap website. This project is fairly recent so lower volumes are to be expected

TERRA stablecoin

At the core of the Terra blockchain, it’s the TerraUSD (UST), the algorithmic interblockchain stablecoin.

Unlike its competitors, UST is transferable between blockchains thanks to Terra’s interoperability and high scalability.

Bridge

let’s start simple with the number of transactions that have taken place in either direction — transactions moving funds to Ethereum and transaction receiving funds from Ethereum: