Activity Monitor
Last updated
Last updated
The Activity Monitor allows you to segment user behavior using the Activity Monitor to deeply understand behavior on top blockchains by categories, applications, and contracts.
The Artemis Blockchain Activity Monitor utilizes a proprietary set of categories to define and group applications on blockchains.
| Definition | Example |
|---|---|
| Definition | Example |
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DeFi (Decentralized Finance) represents peer-to-peer, non-custodial financial services on public blockchains. There are various vectors that exist within the DeFi umbrella, including but not limited to exchanges, lending / borrowing, insurance and derivatives.
Uniswap is a decentralized exchange (DEX) that allows users to trade various cryptocurrencies in a trustless, permissionless manner. Uniswap employs an Automated Market Maker (AMM) model, which eliminates the need for traditional order books and relies on liquidity pools provided by users, known as liquidity providers (LPs). In return for their contributions, LPs earn a share of the trading fees generated by the platform.
NFT Apps encompass a broad range of decentralized applications that revolve around the creation, management, and exchange of non-fungible tokens (NFTs). These applications cater to various use cases, including NFT marketplaces, where users can buy, sell, and trade unique digital assets, as well as NFT lending platforms that enable borrowing and lending against NFT collateral.
OpenSea is a leading NFT marketplace that allows users to discover, buy, sell, and trade a wide variety of NFTs, ranging from digital art and virtual land to domain names and virtual goods. Originally built on Ethereum, OpenSea provides a user-friendly platform for creators, collectors, and traders to interact and transact with NFTs in a decentralized manner.
CeFi (Centralized Finance) represent smart contracts / active wallets addresses associated with centralized financial institutions. Financial institutions such as exchanges or trading firms utilize on-chain smart contracts and wallets to trade on / interact with decentralized financial applications and hold cryptocurrencies.
Coinbase maintains several "hot wallets" on Ethereum which hold various cryptocurrency holdings that Coinbase can use to interact with other decentralized applications or send to centralized exchanges.
Social refer to a category of decentralized applications that facilitate collaboration and collective decision-making on blockchain networks. These protocols enable users to form groups, such as investment clubs or governance bodies, that can jointly manage resources, vote on proposals, and make decisions through consensus mechanisms.
Syndicate Protocol is a Social protocol that allows users to create and join decentralized investing clubs, enabling them to pool their resources and make collective decisions on investment strategies. Through a combination of smart contracts and token-based voting mechanisms, Syndicate Protocol ensures that club members can transparently and democratically participate in decision-making processes, such as selecting investment targets or distributing profits.
(Web3) Infrastructure protocols support critical functions for the operation of on-chain activities, encompassing a wide range of applications such as on-chain oracles, education platforms, and wallets. These protocols provide essential tools and services that enhance the functionality and usability of blockchain networks, enabling developers to build more robust and feature-rich decentralized applications.
Chainlink is a prominent Infrastructure protocol that operates as a decentralized oracle network, connecting blockchain-based smart contracts to off-chain data sources, APIs, and other external resources. By providing secure access to real-world data, Chainlink enables smart contracts to execute complex operations and make decisions based on accurate and up-to-date information.
Layer 2 refers to a set of scaling solutions designed to increase the throughput and efficiency of blockchain networks by offloading transactions and processing from the main blockchain, or Layer 1. By moving transactions to a secondary layer, Layer 2 Scaling reduces network congestion, transaction fees, and latency, enabling the blockchain to handle a higher volume of transactions and support more complex applications.
Arbitrum is a Layer 2 scaling solution utilizing optimistic rollups to enhance the performance and capacity of the Ethereum network. By bundling multiple transactions off-chain, Arbitrum allows for the execution of smart contracts and token transfers with reduced fees and increased speed compared to Layer 1 Ethereum.
Bridges enable interoperability between different blockchain networks. Cross-bridges act as intermediaries, allowing the transfer of assets and information between disparate blockchains in a secure and decentralized manner.
Hop Protocol is a cross-bridge solution that facilitates fast and secure asset transfers between various Layer 1 and Layer 2 blockchains. By utilizing a combination of token wrapping and multi-chain AMM (Automated Market Maker) technology, Hop Protocol enables users to seamlessly move assets like stablecoins and other tokens between networks such as Ethereum, Polygon, and Arbitrum.
Gaming refers to decentralized experiences that leverage properties of digital assets, such as NFTs and cryptocurrencies, to create virtual environments. Blockchain-based gaming platforms often feature player-owned economies, verifiable digital asset ownership, and decentralized governance systems.
Decentraland is a virtual platform built on the Ethereum blockchain where users can create, explore, and interact with a vast array of user-generated content within a 3D world. The platform utilizes NFTs to represent parcels of virtual land, known as LAND, which users can purchase, develop, and monetize through the creation of virtual experiences, such as games, art galleries, or social spaces. Decentraland also features a native cryptocurrency, MANA, which is used for in-world transactions and governance.
Stablecoins are a type of cryptocurrency designed to maintain a stable value by pegging them to a reserve of assets, such as fiat currencies, commodities, or other cryptocurrencies. Stablecoins attempt to provide a reliable medium of exchange, store of value, and unit of account within the blockchain ecosystem.
USDC, or USD Coin, is a popular stablecoin that maintains a 1:1 peg with the US dollar, ensuring its value remains relatively constant in comparison to the underlying fiat currency. USDC is issued by a consortium called Centre, which is backed by Circle and Coinbase, two prominent players in the cryptocurrency industry. To maintain the peg, USDC is backed by a reserve of US dollars held in regulated financial institutions. Artemis Note: while Stablecoins utilize the ERC-20 token contract standard, Artemis has separated out Stablecoins into its own category given their importance in the crypto ecosystem. Therefore, the ERC-20 category EXCLUDES the impact of Stablecoins which are grouped together in their own category.
ERC-20 (Fungible Tokens) is a token standard on the Ethereum blockchain, which establishes a set of guidelines and functionalities for the creation and management of tokens. By adhering to the ERC-20 standard, developers can ensure their tokens are compatible with a broad range of wallets, exchanges, and decentralized applications.
UNI (Uniswap's native token) is a cryptocurrency that follows the ERC-20 standard. As an ERC-20 token, UNI can be stored in Ethereum-compatible wallets, traded on various decentralized and centralized exchanges, and utilized in a variety of DeFi applications. Artemis Note: while Stablecoins utilize the ERC-20 token contract standard, Artemis has separated out Stablecoins into its own category given their importance in the crypto ecosystem. Therefore, the ERC-20 category EXCLUDES the impact of Stablecoins which are grouped together in their own category.
ERC-721 (Non-Fungible Tokens) is a token standard on the Ethereum blockchain specifically designed for the creation and management of non-fungible tokens (NFTs). Unlike ERC-20 tokens, which are fungible and interchangeable, ERC-721 tokens represent unique, indivisible digital assets, each with distinct properties and ownership.
Bored Ape Yacht Club (BAYC) is an NFT collection consisting of 10,000 unique, programmatically generated digital artworks featuring anthropomorphic apes. By utilizing the ERC-721 standard, Bored Ape Yacht Club allows collectors to store, trade, and showcase their digital art pieces within the Ethereum ecosystem.
ERC-1155 is a token standard on the Ethereum blockchain that enables the creation and management of both fungible and non-fungible tokens within a single smart contract. This multi-token standard provides greater efficiency and flexibility compared to ERC-20 and ERC-721 standards, as it allows for the bundling of multiple token types, reducing the complexity and gas costs associated with token transfers and contract interactions.
Liquid Finance (LFi) is a decentralized finance platform that utilizes ERC-1155 tokens to represent its LFi NFTs. These NFTs serve as both collectibles and yield-generating assets, as they entitle their holders to a share of the platform's revenues in the form of a fungible token, LFi.
ERC-4337 is a token standard on the Ethereum blockchain that introduces account abstraction into a "wallet", which bundles transactions from different users together and removes the need for individual transactions to impact consensus layer protocol changes
Biconomy is a Web3 infrastructure platform that provides transaction bundling services
