Swell Chain
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.
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.
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...
