Try Quests to earn cryptoZK Sync Bounties - Distinct Wallets (zkSync)
Q1. - How many distinct wallets have deposited ETH into ZkSync in the last 60 days? - How much ETH was deposited by day?
3 - zkSync Daily ETH Deposits
The amount of deposits have gained traction at the end of April were it reached a daily average of over 1000 deposits.
The Terra and UST collapse has had a global effect on the crytpo markets and zkSync was no exception with a low of 104 deposits on May 12th.
The high average deposit on May 12th is skewed due to a low of 104 deposits and 1 big deposit of 999.9 ETH. (tx_hash: 0x2d75defcd372a187b2e6f63a8d264c734311c762efd551732ba6a1fc4bed37d5)
The daily deposits recovered to the previous averages after May 14th.
May 10th stands out as the day with the most ETH deposited, largely due to a deposit transaction with a total value of 1935.75 ETH.
(tx_hash: 0x277b87cc5b5f4e5f55409cecdac90a51c59ec081ebe1c8e205c4c02696054ddf)
4 - zkSync Daily ETH Withdrawals
As only looking at ETH deposits gives an overly positive look of TVL increase, a further look was made to gather data about how zkSync withdrawals have been performing during the last 60 days.
3 days stand out with abnormal outflows from zkSync.
On April 25th 3037 ETH was withdrawn with 3000 ETH being withdrawn in a single transaction.
On May 8th and 9th there was a huge increase on withdrawals, which are probably related to the high volatility due to the start of the LUNA/UST collapse.
1 - Introduction
The goal of this bounty was to get some insights on zkSync wallets behavior in the last 60 days.
The basic requirement was to look into a daily breakdown of ETH deposits. In a effort to have a fuller picture of TVL in zkSync during these last 60 days, a daily withdrawal breakdown was also performed.
Interesting things were noticed regarding outlier days, impact of big accounts on the ETH flow into and out of zkSync.
"zkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. It uses zero-knowledge proofs and on-chain data availability to keep users' funds as safe as though they never left the mainnet."
All analysis was collect with the ethereum.core.fact_event_logs.
A distinct wallet is considered a wallet that had at least one zkSync deposit, regardless of the ETH amount deposited.
bar graph of daily average deposit and daily deposits
5 - zkSync Daily ETH Net-Flow
The April 25th 3000ETH withdrawal as a clear impact as the day with the biggest out-flow of ETH from zkSync.
Further investigation would be needed to confirm the LUNA/UST influence on the May 8th and 9th ETH outflows from zkSync.
The May 10th 1935 ETH deposit gives some hints to the LUNA/UST effect as that wallet performed an immediate swap of ETH to UST