What is Ethereum ? brief intro

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. It is home to 35 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. The airdrop was so popular that it briefly slowed down the Optimism blockchain.

Methodology

In this dashboard i decided to analyze inflow & outflow of Optimism platform from Ethereum to Optimism and vis versa and and mainly focus on show differences Before & After FTX & Alameda collapse .

At Nov-02-2022 Alameda Balance Sheet was published and At Nov-08-2022 FTX & Alameda collapse started so i decided to show you effect of this collapse on Optimism .

I will mainly use ethereum.core.ez_token_transfers table to get transfers from Ethereum blockchain to Optimism and vis versa .and i will use ethereum.core.ez_token_transfers to get data about stablecoin transfers .

I will compare inflow & outflow Before & After FTX & Alameda collapse to show you effect of collapse .

Firstly i will show you some general data about inflow & outflow before & after FTX & Alameda collapse and then i will break down and then ill go deeper to show differences .

I will analyze ETH token transfers from Ethereum to Optimism and from Optimism to Ethereum and then ill analyze stablecoin transfers like USDC , USDT & DAI from Ethereum to Optimism and vis versa .

I will use 0x99c9fc46f92e8a1c0dec1b1747d010903e884be1 contract address which is standard bridge contract address from Ethereum to Optimism .

I will use 0x25ace71c97b33cc4729cf772ae268934f7ab5fa1 contract address which is standard bridge contract address from Optimism to Ethereum .

Inflow & outflow of Optimism Before & After FTX & Alameda collapse base on ETH token

Stablecoin transfers Before & After FTX & Alameda collapse

In this section i included DAI , USDC and USDT

Conclusions

According to all charts , data and information we saw in this dashboard we come to these conclusions :

We aw number of inflow to Optimism after FTX & Alameda collapse little bit decreased , but this is normal behavior because of current situation of bear market .

We saw after FTX & Alameda collapse there is no change at number of outflow of Optimism and every thing seems normal .

We saw number of users who transferred ETH to Optimism after FTX & Alameda collapse little bit decreased , but this is normal behavior because of current situation of bear market .

Also we saw after FTX & Alameda collapse there is no change at outflow of Optimism base on number of users who transfer out ETH from Optimism to Ethereum and every thing seems normal .

We saw average daily volume of inflow to Optimism base on ETH token after FTX & Alameda collapse little bit increased compare to last couple of weeks before collapse .

We saw after FTX & Alameda collapse average daily volume of outflow significantly increased .

According to charts about stablecoin transfers we can see average daily volume of stablecoin transfers to Optimism from Ethereum after FTX & Alameda collapse increased significantly which before collapse average daily volume of transfers to Optimism was 3.7M $USD while after FTX & Alameda collapse average reduced to 2.1M $USD because users are afraid and don’t want to take action until market situation gets more clear .

We can see after FTX & Alameda collapse average daily volume of outflow of Optimism increased significantly from 3.5M $USD before collapse to 9M $USD after collapse , clearly we can see users are afraid of losing their funds and want to secure funds and this is a normal behavior because of current market situation because of collapse this is not first time we see this kind of behavior at market after a big project collapsed for example LUNA collapse damaged market so hard .

Thanks for reading .

Twitter tweet for this dashboard :

Inflow vs Outflow - comparing

Distribution of transfers

In this section we see distribution of transfers base on ETH token

According to above charts we can see number of inflow to Optimism after FTX & Alameda collapse little bit decreased , but this is normal behavior because of current situation of bear market .

We can see after FTX & Alameda collapse there is no change at outflow of Optimism and every thing seems normal .

According to above charts we can see number of users who transferred ETH to Optimism after FTX & Alameda collapse little bit decreased , but this is normal behavior because of current situation of bear market .

Also we can see after FTX & Alameda collapse there is no change at outflow of Optimism base on number of users who transfer out ETH from Optimism to Ethereum and every thing seems normal .

According to above charts we can see number of inflow to Optimism after FTX & Alameda collapse little bit decreased , but this is normal behavior because of current situation of bear market .

We can see after FTX & Alameda collapse there is no change at outflow of Optimism and every thing seems normal .

According to above charts we can see volume of inflow to Optimism after FTX & Alameda collapse not changed too much and just little bit of decrease .

We can see after FTX & Alameda collapse at Nov-14-2022 there is a huge spike which total 2.4M $USD worth of ETH token transferred out of Optimism to Ethereum at this day there .

According to above charts we can see average daily volume of inflow to Optimism after FTX & Alameda collapse little bit increased compare to last couple of weeks before collapse .

We can see after FTX & Alameda collapse average daily volume of outflow significantly increased .

According to above charts we can see average number of ETH token transfers and unique user who transferred ETH token to Optimism from Ethereum after FTX & Alameda collapse increased significantly and this is very good news for Optimism .

We can see after FTX & Alameda collapse average number of outflow of Optimism little bit reduced , but average daily number of unique users who transferred out of Optimism to Ethereum little bit increased which is normal thing in current market situation after FTX and Alameda collapse.

According to above charts we can see average USD volume of ETH token transfers to Optimism from Ethereum after FTX & Alameda collapse significantly decreased but if we exclude 50M $USD which transferred in Optimism at Sep-19-2022 the result would be more fair .

We can see after FTX & Alameda collapse average volume of outflow increased .

According to above charts we can see daily number of stablecoin transfers and unique user who transferred to Optimism from Ethereum after FTX & Alameda collapse little bit decreased .

We can see after FTX & Alameda collapse there is no big change at outflow of stablecoins and users who outflow those coins to Ethereum from Optimism .

According to above charts we can see average daily volume of stablecoin transfers to Optimism from Ethereum after FTX & Alameda collapse increased significantly which before collapse average daily volume of transfers to Optimism was 3.7M $USD while after FTX & Alameda collapse average reduced to 2.1M $USD because users are afraid and don’t want to take action until market situation gets more clear .

We can see after FTX & Alameda collapse average daily volume of outflow of Optimism increased significantly from 3.5M $USD before collapse to 9M $USD after collapse , clearly we can see users are afraid of losing their funds and want to secure funds and this is a normal behavior because of current market situation because of collapse this is not first time we see this kind of behavior at market after a big project collapsed for example LUNA collapse damaged market so hard .

According to above charts we can see daily number of transfers at price range ‘More than 1.2k $USD ‘ and ‘Less than 100$’ After FTX & Alameda collapse little bit increased .

Also every transfers out of Optimism to Ethereum was at ‘More than 1.2k $’ which shows fear of users at current market situation .