Create a dashboard to analyze gas usage on the Avalanche network.

The dashboard should have two tabs: one for contracts and one for dApps. Each tab should show which ones generate the most network fees and use the most gas over a user-selectable time period.

Include any other metrics or charts that reveal contracts and dApps with growing usage based on data such as network fees, number of unique users, or other relevant metric.

The Gas Fees on the Avalanche network are determined through this investigation. Various aspects of the Gas usage on the Avalanche network have been identified based on the following parts:

• The General stats related to the Gas usage on the Avalanche network
• Sectoral analysis related to the Gas usage on Avalanche
• Most popular programs and contracts with the highest fee generation to network
• User analysis (Users with the highest paid fee and KPI application of this dashboard)
• Comparison of the Avalanche with other L2 chains like Polygon and Optimism networks

Avalanche, like several other projects, is a platform for smart contracts and decentralized applications and was created with the aim of solving Ethereum's shortcomings. Avalanche's focus is on scalability, and by providing a new architecture and structure, it has tried to process a large number of transactions in an instant, while also providing an acceptable amount of decentralization.

Cryptocurrency transaction fees were originally introduced as an anti-spam tool in Bitcoin, but today they have become one of the most fundamental features of the blockchain network. In the Avalanche blockchain, the fee of transactions is determined by a concept called Gas, which is a small fraction of the AVAX digital currency.

Currently, there are many blockchain projects, each charging different fees as cryptocurrency transaction fees. There is a simple rule regarding the determination of fees for transactions in blockchains, and that is "the higher the efficiency of the network, the lower the cost of transactions." Considering that some networks can only put a limited amount of data in each block, as a result, the work of miners or validators is limited to the number of transactions for which they have enough space.

When many users simultaneously send their cryptocurrency transaction requests to the network, the demand for block space increases and more transactions await confirmation. In some cases, the demand for block space becomes so high that the networks become congested and transaction fees increase dramatically for a period of time.

On the other hand, the larger the number of transactions in the network, the higher the value of these transactions, the higher the fee is defined for them.

The data provided by Flipside has been used to handle this analysis.

This dashboard is divided into these major sections as below:

1- General fee analysis -> Metrics

• Total amount USD of gas spent.
• The average cost of gas in USD per $1,000,000 of liquidity transferred
• Average block gas price
• Daily amount spent on gas
• Chart gas spend to network token (AVAX) price
• Minimum, maximum and Median of gas usage in USD
• Average gas usage in USD per day

2- Sectoral analysis

• Share of each sector on generated fee
• Average and median paid fee on each sector

3- Programs and contracts

• Programs and Contracts with the highest-paid fee
• Activity of programs and Contracts on the Avalanche network

4- User analysis

• Users with the highest volume of the paid fee
• Provide a section to give the address and track the fee payment on the Avalanche

5- Comparison with other L2 chains

• L2 chains-> Polygon and Optimism
• Metrics-> Previous metrics in the first section

Note:

The time period of this investigation can be set by the author by logging into the Flipside crypto website. As can be seen, the mechanism of this time selection is based on the count of days in the chosen time period.

By default, the time period is considered for the past 30 days (1 month).