02-22-2023, 05:08 PM
Moon on-chain activity is the highest it's been since 2021!
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/118r7p6/moon_onchain_activity_is_the_highest_its_been/"> <img src="https://a.thumbs.redditmedia.com/dW7hPaaF23XMczrCYumG4_Zoew5LDVniDQADT8rKDn0.jpg" alt="Moon on-chain activity is the highest it's been since 2021!" title="Moon on-chain activity is the highest it's been since 2021!" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>I made a similar post shortly after Moons <a href="https://np.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/">moved to Mainnet</a>, but given the recent buzz around Moonplace, banner rentals, and general sentiment I thought I'd provide a 6-month update on Moon on-chain activity.</p> <p>For all the charts below, I <strong>exclude transactions from Moon distributions</strong> <strong>and transactions of <0.01 Moons</strong>, since they heavily skew the data and aren't aren't very interesting.</p> <h1>Moon Transactions are at the highest level since December 2021</h1> <p>Over the last 28-days, there have been ~1,475 Moon transactions per day. The last time there was this much activity was on December 4th, 2021.</p> <p><a href="https://preview.redd.it/p0nl2x1teoja1.png?width=1622&format=png&auto=webp&s=7c2dc935e52136d9703fc42d171de0aa2210787d">Moon Transactions</a></p> <h1>"Active" Moon addresses are near an ATH</h1> <p>Here, I define a unique active moon address as one that has <em>sends</em> at least 0.01 moons on a given day. The daily average over the last month is ~205 unique addresses per day, and the last time it was this high was on September 18, 2021.</p> <p>Can you guess what the spikes in this chart are? See below this graph for the answer</p> <p><a href="https://preview.redd.it/4tw3ugdpgoja1.png?width=1598&format=png&auto=webp&s=29ffb54628e2d191ac4bb3fa1447cdb78695f605">\"Active\" Moon Addresses</a></p> <p><strong>The spikes in the chart above were due to users dumping Moons like clockwork on every single distribution date. Due to CCIP-030 (implemented in April 2022), this behavior has slowed considerably.</strong></p> <p>The most recent spike is due to Moonplace.io!</p> <h1>Transactions between Redditors (tipping) is more common than in the months before Mainnet!</h1> <p>This might come as a surprise to some, but tipping has seen a bit of a rebirth recently and is the highest it's been since 2021. Despite the need for nova gas for transactions, it hasn't deterred some generous Redditors.</p> <p>Edit: upon further review, many of these tips are quite small in value (between 0.01 and 0.1), which is why they aren't showing up in the trends dashboard at <a href="https://ccmoons.com/tipping">ccmoons.com/tipping</a> (since for that I require txs to be >= 1 moon)</p> <p><a href="https://preview.redd.it/x1simohnhoja1.png?width=1600&format=png&auto=webp&s=7a6ebde7655680aa352c8c68c978b355dc4785dc">Tipping</a></p> <p>That's it for now! Let me know if there's anything you'd want to see related to Moons data in an upcoming post.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ominous_anenome"> /u/ominous_anenome </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/118r7p6/moon_onchain_activity_is_the_highest_its_been/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/118r7p6/moon_onchain_activity_is_the_highest_its_been/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/118r7p6/moon_onchain_activity_is_the_highest_its_been/"> <img src="https://a.thumbs.redditmedia.com/dW7hPaaF23XMczrCYumG4_Zoew5LDVniDQADT8rKDn0.jpg" alt="Moon on-chain activity is the highest it's been since 2021!" title="Moon on-chain activity is the highest it's been since 2021!" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>I made a similar post shortly after Moons <a href="https://np.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/">moved to Mainnet</a>, but given the recent buzz around Moonplace, banner rentals, and general sentiment I thought I'd provide a 6-month update on Moon on-chain activity.</p> <p>For all the charts below, I <strong>exclude transactions from Moon distributions</strong> <strong>and transactions of <0.01 Moons</strong>, since they heavily skew the data and aren't aren't very interesting.</p> <h1>Moon Transactions are at the highest level since December 2021</h1> <p>Over the last 28-days, there have been ~1,475 Moon transactions per day. The last time there was this much activity was on December 4th, 2021.</p> <p><a href="https://preview.redd.it/p0nl2x1teoja1.png?width=1622&format=png&auto=webp&s=7c2dc935e52136d9703fc42d171de0aa2210787d">Moon Transactions</a></p> <h1>"Active" Moon addresses are near an ATH</h1> <p>Here, I define a unique active moon address as one that has <em>sends</em> at least 0.01 moons on a given day. The daily average over the last month is ~205 unique addresses per day, and the last time it was this high was on September 18, 2021.</p> <p>Can you guess what the spikes in this chart are? See below this graph for the answer</p> <p><a href="https://preview.redd.it/4tw3ugdpgoja1.png?width=1598&format=png&auto=webp&s=29ffb54628e2d191ac4bb3fa1447cdb78695f605">\"Active\" Moon Addresses</a></p> <p><strong>The spikes in the chart above were due to users dumping Moons like clockwork on every single distribution date. Due to CCIP-030 (implemented in April 2022), this behavior has slowed considerably.</strong></p> <p>The most recent spike is due to Moonplace.io!</p> <h1>Transactions between Redditors (tipping) is more common than in the months before Mainnet!</h1> <p>This might come as a surprise to some, but tipping has seen a bit of a rebirth recently and is the highest it's been since 2021. Despite the need for nova gas for transactions, it hasn't deterred some generous Redditors.</p> <p>Edit: upon further review, many of these tips are quite small in value (between 0.01 and 0.1), which is why they aren't showing up in the trends dashboard at <a href="https://ccmoons.com/tipping">ccmoons.com/tipping</a> (since for that I require txs to be >= 1 moon)</p> <p><a href="https://preview.redd.it/x1simohnhoja1.png?width=1600&format=png&auto=webp&s=7a6ebde7655680aa352c8c68c978b355dc4785dc">Tipping</a></p> <p>That's it for now! Let me know if there's anything you'd want to see related to Moons data in an upcoming post.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ominous_anenome"> /u/ominous_anenome </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/118r7p6/moon_onchain_activity_is_the_highest_its_been/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/118r7p6/moon_onchain_activity_is_the_highest_its_been/">[comments]</a></span> </td></tr></table>