Mrfti
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    Swell Chain

    hexagon

    Flipside AI

    Network Transaction Concentration Analysis

    The dashboard reveals significant transaction concentration across two blockchain networks, Ethereum and Swell, highlighting distinct user engagement patterns.

    Ethereum Network Insights

    Extreme Transaction Centralization: A single Ethereum address has executed an astounding 3,093,595 transactions, which dramatically overshadows other network participants. This level of concentration suggests potential:

    • Automated trading bot activity
    • Institutional wallet operations
    • High-frequency transaction strategies

    Swell Blockchain User Distribution

    Swell's network shows a classic early-stage blockchain ecosystem structure:

    User Activity Pyramid:

    • 5,357 addresses have 1-5 transactions
    • Only 18 addresses have over 1,000 transactions

    This distribution indicates:

    • Nascent network exploration
    • Predominantly casual user base
    • Emerging ecosystem with limited power user engagement

    Key Observations

    The data underscores a common Web3 pattern: extreme transaction asymmetry where a tiny fraction of addresses drive significant network activity. This concentration raises important questions about network decentralization and user participation dynamics.

    The analysis spans two snapshots (January 28th and February 7th, 2025), providing a consistent view of network behavior across different blockchain environments.

    Chain Overview
    Trends
    Swell L2

    Swell Chain, a groundbreaking Layer 2 (L2) solution built on the OP Stack. Designed to optimize restaking operations, it introduces a Proof of Restake (PoR) mechanism, enabling faster transaction finality (under 10 seconds) and decentralized sequencing via AltLayer's AVS.

    Supported by major restaking protocols like Ether.fi, Renzo, and EigenLayer, Swell Chain focuses on specialized blockspace for Liquid Restaked Tokens (LRTs), enhancing scalability and capital efficiency. With ETH as its native gas token and SWELL for governance, it integrates seamlessly into the Ethereum ecosystem, offering a secure, scalable, and restaking-focused infrastructure for decentralized applications.


    I used my 'Deep into Berachain' dashboard queries for this dashboard


    Here I'll get deeper into this L2 through on-chain data...

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    Users
    Thank You!

    This dashboard is made by Mrfti using FlipsideCrypto database.

    You can find me on: Twitter / Warpcast / Hey and Discord: Mrfti❤️❤️❤️


    Swell Network Dashboard


    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.