Try Quests to earn cryptoThe “Flippening” Comparison
Question
Use this historic event to compare and contrast these two major L2 chains. Include metrics such as total and average transaction volume, average transaction size, active users, new users added, and anything else you find relevant to this comparison.
🔎 Findings:
- According the first chart is about number of transaction of Arbitrum and Ethereum We can see that Ethereum transactions are more than Arbitrum. Also, we see another thing is that the number of Arbitum transactions is increasing over time, but Ethereum transactions are decreasing with a small slope.The high number of transaction in Dec9 the number is 1.93M and the high number Arbitrum transaction in nov8 the number is 885.61K.According to the graph that the increase in transactions occurred in December, we can see from the website and the attached photo on the dashboard that this increase in transactions has caused an increase in the price of ethereum.
- According to the second graph, i.e. Ethereum transactions and optimism, we see that optimism transactions are increasing over time. the high number optimism in jan12 800.235k.
- According to the third chart, it shows users between Ethereum and optimism. We can see that the number of Ethereum users is in a range, except for December 9, the number of users has increased, but the optimism of users has increased over time. the high number eth user in dec 9 the number is 1.35m and the high number optimism in dec21 the number is 111.224k
- According to the fourth chart, it shows users between Ethereum and arbitrum ,we see the number of user of arbitrum are increasing over time.the high number of arbitrum user in dec15 and the number 77.15K.
Fee
swapper
🔎 Findings:
- According to the paid fee ETH chart, we can see that the Ethereum fee is in a range, but from November 9 to November 12, the Ethereum fee has increased sharply, which seems to have increased the price of Ethereum.
- According to the Paid Fee Arbitrum chart, we can see that the arbitrum fee has increased from April 22 to July 1. In fact, the number of transactions seems to have increased during this period, but the fee has not changed after this time period. -According to the Paid Fee Optimism chart, we can see that fee optimism has increased from April 16 to July 15 in this period, in fact, the number of transactions seems to have increased in this period, and this period is increasing nowadays.
About ethereum
Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority. Transaction records are immutable, verifiable, and securely distributed across the network, giving participants full ownership and visibility into transaction data. Transactions are sent from and received by user-created Ethereum accounts. A sender must sign transactions and spend Ether, Ethereum's native cryptocurrency, as a cost of processing transactions on the network.
About arbitrum
The Arbitrum network is a layer-2 functionality, developed by the New York-based company Offchain Labs, which seeks to solve the congestion that the Ethereum network has been experiencing by improving how smart contracts are validated.
The platform leverages the security provided by the Ethereum mainnet but allows smart contracts to run on a separate layer to reduce congestion within the network.
This technique is called ‘transaction rollups’ (explained in some detail by the developers here) and consists of batches of transactions and records that are validated on the lower layer to then be moved to layer-1’s mainnet – in this case, the Ethereum mainnet.
Arbitrum compensates nodes that actively validate the smart contracts powered by the Arbitrum chain (known as aggregators) with ETH and they are responsible for adding the blocks to the first layer – the Ethereum mainnet.
About optimism
Optimism is a layer 2 chain, meaning it functions on top of Ethereum mainnet (layer 1). Transactions take place on Optimism, but the data about transactions get posted to mainnet where they are validated. It’s like driving in a less crowded side street while benefiting from the security of a highway.
Optimism is the second-largest Ethereum layer 2 with a total of $313 million locked into its smart contracts, as of this writing, according to Defi Llama. Arbitrum comes first with $1.32 billion.
Synthetix, a derivatives liquidity protocol, is the largest protocol on Optimism, with a total value locked (TVL) of $125 million. Uniswap, a decentralized exchange (DEX), is the second most popular protocol on the chain. As of this writing, there are 35 protocols on Optimism with at least $1,000 locked into their smart contracts.
🔎 Findings:
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According to the Number of Buyers chart, we can see that the number of buyers is increasing, but abtrium until November 10 and Optimism until December 26, and after this day or date, the number of users has decreased.the high number of buyer optimism in Dec26 the number 5667 and the high number of arbitum in Nov 10 the number is 6332.
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According to the Number of Sellers chart, we can see that the number of sellers is increasing, but abtrium until October 25 and Optimism until jan 13, and after this day or date, the number of seller has decreased.the high number of seller optimism in jan13 the number 4078 and the high number of arbitum in october the number is 2806.
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According to the chart of Sales Volume in USD, we can see that the sales volume in Abitrum is more than Optimism
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Conclusion
According to the graph, we can see that in the nft sector, abitrum has performed better than optimism in terms of sales volume, but the opposite in terms of the number of users, i.e. buyers. And in the swap section, the number of abitrum swappers is more than optimism