SOLANA

ARBITRUM

OPTIMISM

The dashboard takes a different perspective on the traditional meaning of Transaction counts and whether the plain old definition is worth using as an important metric as chains aim for higher and higher TPS.

We first compute the daily Transaction counts of the 3 chains (Solana, Arbitrum, Optimism) in the respective order

The next step is to calculate the ratio/percentage of N top transacting wallets' sum of transactions for the day with the day's total transactions
This will likely give us an idea about the 'quality' of the counts...Whether the bulk of transactions are made up by genuine users or just infra/systematic routines adding up the counts.
NOTE: You can pick the number of TOP wallets to be taken per day in the FILTER right at the very beginning of the dashboard(No_Wallets)*

Author:

Twitter: @lelaughingman
Flipside Bounty Hunter: TheLaughingMan
Discord: TheLaughingMan#3062

Observations

- We see that the higher the TPS/daily transactions achieved...The higher the contribution of top N wallets on that chain for that day.
- Solana ends up with the vast majority of its daily txns being done by just the top 100 or so many wallets...Followed by Optimism and then finally Arbitrum with the least bad ratio among the three.

Path Forward

- As analysts that want their counts to have quality instead of quantity/noise... We need to move past just daily transactions...
- We should only be concerned with daily active users and even amongst the users the various types of users based on the daily transaction frequency! - The communities should strive to arrive at a better/more sensible metric!

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