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Moon on-chain activity is the highest it's been since 2021!

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Moon on-chain activity is the highest it's been since 2021!

I made a similar post shortly after Moons moved to Mainnet, 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.

For all the charts below, I exclude transactions from Moon distributions and transactions of <0.01 Moons, since they heavily skew the data and aren't aren't very interesting.

Moon Transactions are at the highest level since December 2021

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.

Moon Transactions

"Active" Moon addresses are near an ATH

Here, I define a unique active moon address as one that has sends 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.

Can you guess what the spikes in this chart are? See below this graph for the answer

\"Active\" Moon Addresses

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.

The most recent spike is due to Moonplace.io!

Transactions between Redditors (tipping) is more common than in the months before Mainnet!

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.

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 ccmoons.com/tipping (since for that I require txs to be >= 1 moon)

Tipping

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.

submitted by /u/ominous_anenome
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