ETH Deposited or Withdrawn

    What Will You Read?

    In This Analysis, You Will Read about StarkNet Deposits and Withdrawn. We want to know How many ETHs have been deposited or withdrawn (bridged) so far from Ethereum to StarkNet or vice versa? and by how many depositors?

    All Data in this analysis is From May 1st.

    What is StarkNet?

    What is StarkNet? StarkNet is a permissionless decentralized ZK-Rollup. It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum's composability and security.

    Method

    I used Website hint and found Starknet contract address which is 0xae0Ee0A63A2cE6BaeEFFE56e7714FB4EFE48D419.

    • Deposit: I used the ETH transfer table and for Each transaction that was sent to Starknet, I counted for Deposits. Origin to address and eth to address equal to Starknet address.

    • WithDraw: From the Fact log table with origin signature 0x00f714ce which represents withdraw activities, I found withdraws.

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    Withdraw

    The below chart shows the cumulative withdrawal of ETH Vs. unique users.

    • This chart simply shows that the total number of unique users in comparison to the ETH amount decreased at the beginning of May but after that, The ETH amount increased.

    Deposit

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    Compare Deposits Vs. Withdraws

    The below chart shows the total number of unique depositors and Total deposits that they made on Starknet.

    • Starknet had the highest number of unique users in May in comparison to June.
    • The highest number of depositors happened on May 11th when 1581 unique users deposited ETH to Starknet.
    • On May 22nd, 1535 users made 1655 deposits.

    The below chart shows the total amount of deposited ETH and its volume in USD on Starknet.

    • Again In May, Users deposited more ETH in comparison to June.
    • The highest amount of ETH was deposited on May 10th with 31 ETH which with 75K US Dollars.
    • There were some unusual deposit activities recently. One day total ETH increased to 10-11K and one day decreased to 1 ETH!

    let's examine the cumulative chart. This graph shows the cumulative amount of ETH and Cumulative unique users since May 1st.

    • In may the total ETH and total unique grew but after that, we can see a direct line.
    • The Cumulative growth of ETH was faster than unique Users.
    • The Cumulative users are around 20K and the Cumulative ETH is nearly 400K.

    The below chart shows the total daily number of users that withdraw ETH from Starknet.

    • It seems less user withdraw their ETH.
    • The highest number of users happened on May 24th when 70 Users with 72 transactions withdraw their ETH.
    • The total number of users decreased in June.

    The below chart shows the total amount of ETH that withdraws Vs. the cumulative daily transactions.

    • We can see more amount of ETH withdrawal in June in comparison to May.
    • The cumulative withdraw transactions are nearly 1.5K.

    According to the below chart, The total number of depositors had a huge difference from users that withdraw their amounts.

    Of the total ETH that was deposited and withdrawn, 91.7% were Deposits and 8.2% were withdrawing.

    Conclusion

    • It seems users like Starknet. Less users withdrew their amounts of ETH.
    • The number of unique users that deposited had a huge difference from those who withdraw their amounts.
    • Most deposit activities happened in May.
    • Most withdraw activities happened in June.