Open Analytics Bounty: Gnosis

    This analytics is done to measure the growth of Gnosis Beacon Chain based on user activity. We will compare with L2s to measure performance on Beacon Chain

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    User growth on Gnosis Beacon Chain

    This metrics measures how many new users are bridging asset to Gnosis Chain for the first time. Based on the Weekly trend, the number of new user onboarding Gnosis chain has been decreasing . As of July 25th there are 622 unique new users onboarding Gnosis Beacon Chain (GBC).

    Do Gnosis Chain users, use Layer 2 ?

    The most Popular asset to bridged onto Gnosis Beacn Chain (GBC) is WETH, where 80.6% unique users of the total users has onboarded WETH onto GBC.

    GNO is the 2nd most popular, raking only 7% of the total user.

    The Weekly transactions chart below shows that transaction involving WETH dominates the overall weekly transaction volume, beating even transaction using stablecoins.

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    Despite faltering user growth, the onboarding users has shown increase in bridging activity, suggesting they are bringing in more capital onto GBC over time The chart below shows the trend of average Bridge transaction is in increasing trend.

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    The chart shows the distribution of whether GBC users has used Layer 2. Majority of them has never used Layer 2, and the second largest group has used both Layer 2 (Arbitrum and Optimism)

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    Transaction Activity on Gnosis vs Layer2

    The chart above shows the transaction activity of users that has used Gnosis, Arbitrum and Optimism. These users overall, are more active on Gnosis than on Layer 2. This suggests, Gnosis are more attractive than Layer 2s for these users.

    Conclusion

    From this analytics, it is found that :

    • The weekly trend of new users onboarding Gnosis Beacon Chain is decreasing over time.
    • Despite faltering new user growth, the average bridge to transaction are in increasing trend
    • WETH, STAKE, GNO, USDC, STAKE and USDT are the Top 5 most popular asset being bridge onto Gnosis Chain.
    • WETH dominates the majority of each weeks transaction volume.
    • Majority of Gnosis Users never used Layer 2, and the second largest group of Gnosis users has used both Layer 2.
    • For Gnosis users that has used both Layer 2s, they yield higher average transaction on Gnosis, indicating these users are more active on Gnosis chain.