Introduction

Optimism markets during the month of July were get turbulent.

tha main purpose is to analyze Optimism data on July, and since we want to see a better vision of how changes happened in July, we will find data for June too.

so that we can compare data and see what’s going on on July for Optimism.

Methodology

we have used Optimism database and it’s main tables such as: ==fact_transactions== and ==ez_nft_sales== and ==fact_token_transfers==.

we will find some top metrics on transactions like TPS and it’s count per day. and then find some data about NFT sales on Optimism and finally we will chart token transfers per day.

first of all we will track data to know that was on July any progress or grow for Optimism network. and then also check do Optimism handled turbulent well or not.

when a network has few users it may work properly and fast, but when a lot of users will interact with that network things changed and we should expect some unnormal behaviour for the network.

so one of our main purpose for this dashboard is to check Optimism performance.

Analyze

in the upcoming parts we will analyze data we have to see what’s happened on July.

in almost all charts we will compare data of July to it’s prior month which is June.

we have made this chart that shows success and fail rate percent of transactins per day from June.

we have found total number of transactions and also number of failed and successed transactions in that day and then divided fail/success transactions to all transactions multiply 100 which gives us the percent we want.

as chart shows, from July 10th fail rate increased per day.

it is expectable that in face with more traffic, network doesn’t perform well, but Optimism failed rate it acceptable because this rate never been more than 14% on July.

another metric that is very well for defined network performance it TPS.

so we also found average Optimisim TPS per day.

In the context of blockchains, transactions per second (TPS) refers to the number of transactions that a network is capable of processing each second.

source

as we see by increasing number of transactions on July, also average TPS per day increases too which is a positive point that shows Optimism handled this traffic well.

this chart is average fees on Optimism per day since June.

as an common act, when network traffic increases, network fee increases too.

as chart shows. in some days of July average fee increased too.

fees on Optimism are extremley low and even when average fee increased but its still so much lower than Ethereum itself.

this chart is number of transactions per day on Optimism since June 2022.

data for June is not complete and we have data from June 15th.

there is a almost strong increasing trend for number of transactions on July.

so Optimism, in compare to June had a lot more transactions on July.

on July 29th, there is about 271.7K transactions which is highest number of transactions per day since June 2022.

now that we know there was a lot of transactions in July, lets see how Optimism performed.

Optimism unique wallets per day is shown on this chart.

in the end of June there was an increasing trend and from start of July there is almost a stable number of unique wallets per day.

and also from July 26th there is an increasing trend too.

from transactions per day we saw that number of transactions increased too and so that is why we see increasing number of unique wallets too.

Optimism unique wallets on June are about 176K, and this number for July is 195K.

this two numbers compares unique wallet on June and July.

as expected there is more unique wallets on July in compare to June.

so Optimism had more users on July.

another good metric that shows network works properly is NFT trades.

this chart shows number of NFT trades per day since June.

data for June is incomplete.

again from July 25th, we see an increasing trend for number of NFT trades.

on July 27th, there is about 2K sales which is highest number of NFT trades per day since June.

we also found unique NFT buyers per day.

on June there is more spikes for unique NFT buyers than July.

if we compare it to previous chart, we know that less unique wallets did more trades on Optimism.

as other charts from July 25th there is an increasing trend for number of unique NFT buyers per day.

these two charts are volume for NFT trades by both ETH and OP token on Optimism.

NFTs are sold on Quixotic marketplace by both $ETH and $OP token.

so we split volume for these two tokens.

for both tokens volume on July was more than June.

on July ETH volume was 134.3 while on June it was 97.2 $ETH.

als there was about 219.1K volume for OP on July while for June it was about 3.3K $OP.

Result

in the last days of July,

• number of transactions increased.

• the negative point was that failed rate for transactions increased too.

• TPS increased too that was a positive point for Optimism performance on user growth.

• number of token transfers increased too

as a total result on July

• number of NFT trades increased.
• ETH and OP volume for NFT trades increased too.
• number of unique wallets increased too in compare to June.

Optimism worked properly on July while it had a lot of transactions and users.

Appendix

main tables of Optimism were used for this dashboard which are:

• fact_transactions
• ez_nft_sales
• fact_token_transfers

Optimism data for June month are not complete in this dashboard.

as July was a busy month for Optimism, number of token transfers increased too.

from Jul 17th, we see an increasing trend for number of token transfers per day.

on Jul 29th there is about 1.85M transfer for Optimism tokens which is highest number of transfers in a day since June.