Thread by @0xminion

1) #Canto, a free public infra layer-1 blockchain built to deliver on the promise of defi, driven by a group of chain-native builders have attracted notable activities recently. Let's take a look at its protocol metrics and unwrap some possible insights.

app.hex.tech/568457d0-cdce-…

2) No. of txs in the canto network has been ranging from 2k-10k on a daily basis with daily network fee of low-mid 3 digits canto before enabling the Contract Secured Revenue (CSR) and increase gas price. The 1st txs peak reached during the 2nd week of Canto mainnet.

3) The 2nd txs peak reached just 6 days post CSR, with ~61k txs on that day and collected network fee of almost ~12k Canto. Equivalent of ~360k Canto monthly or $162k network fees at current market price (~$0.45). Adjusted to pre-CSR gas price, that's 3-5x of the prev daily fees.

4) In the past 30 days, roughly over 1/3 of the contract interactions are with DEXs, just recently the NFT marketplace @AltoMarket has gained significant ground and captured the 30% of the share.

5) On the monthly level, contract interactions with DEXs via @SlingshotCrypto accounted for nearly half of the contract activities in the first 3 months. In Jan 2023, @AltoMarket contract activities split nearly half of the pie with DEXs contract activities.

6) @AltoMarket trading volume is shooting to the roof and passing 2m Canto daily. 2nd half of Jan 2023 was truely the gamer changer for the NFT marketplace. @cantolongnecks consistently occupies the most of the trading volume in the past 7 days, followed by @Shnoises cantographs

7) Buying activities on @AltoMarket were fairly muted in Dec 2022 but shot up in Jan 2023 with an influx of NFT traders/degens entering into the canto ecosystem.

8) It is indeed NFT summer on Canto, checking @cantolongnecks sales, volume and price history as an example. The collection has delivered more than 10x since the 1st day trading. Roughly 6% of accounts own more than 10 NFTs.

9) No. of weekly active wallets have reached ath, with roughly 40% of last week's activities were coming from newly created wallets. Interestingly, roughly 40% of all the accounts are relatively dormant (>100 days) and ~40% of the addresses made at least 1 tx in the past 20 days.

10) Token wised, we are seeing increasing NFT tokens been created on the Canto network in the past 2 weeks. The most widely distributed erc20 token is @CantoBonk with >15k holders due to recent airdrops, followed by @CantoInu (~7.7k)

11) Additional data insight by @Plex_Official

https://twitter.com/Plex_Official/status/1620247899539132417?s=20&t=f9VBtqLidcrxbl1odo6GoQ

13) Canto Analytics Dashboard by @NeoBase_Studios analytics.neobase.one

12) Canto‘s investment thesis by @variantfund

https://twitter.com/jessewldn/status/1616133591833903133?s=20&t=f9VBtqLidcrxbl1odo6GoQ

13) Real time data feed by @parsec_finance

https://twitter.com/parsec_finance/status/1585663436352102405?s=20&t=f9VBtqLidcrxbl1odo6GoQ

14) People to follow

https://twitter.com/pujimak/status/1620701485951774721?s=20&t=f9VBtqLidcrxbl1odo6GoQ

15) Some additional useful info
NFT Marketplace: @AltoMarket
NFT RARITY: rarito.xyz
NFT DROPS: alto-market.gitbook.io/alto-market/ca…

RPCS: canto.evm.chandrastation.com
RPCS: canto.slingshot.finance
RPCS: jsonrpc.canto.nodestake.top

@AltoMarket 16) More investment thesis :

https://twitter.com/Ace_da_Book/status/1577805407078305792?s=20&t=f9VBtqLidcrxbl1odo6GoQ

17) We like #canto, user backed/community owned > VC chains.

https://twitter.com/gbvofficial/status/1613774968051109888?s=20&t=-k7lkFFoVMKQ8IqJhqt20g