There’s been some unusual activity with Gnosis. We were asked to figure out exactly what’s going on.

Whats going on on Gnosis?

• The most significantly news which announced on Oct 5th was, Gnosis Chain’s consensus mechanism will shift from Proof-of-Authority to Proof-of-Stake for complete parity with Ethereum.

If you’re a token holder, your funds will remain as-is during the transition.

Node runners: You must run a consensus client before the merge alongside your existing execution client. Not doing so will cause your node to fork and not follow the right chain. More info below.

For developers, the Gnosis Chain merge will have the same impact as the Ethereum merge. To learn more, subscribe to our official Gnosis Chain Newsletter, and be sure to follow us on Twitter.

As said before, the highest count of transactions from Sep 1st, was submitted on the day before the merge.

In only 3 days, bridge transactions was submitted. On Oct 1st, 2nd and 4th which the highest bridges was on the day before the merge.

Number of transfer transactions decreased from mid of Sep, but the spike happened in the day before the merge(Oct 4th).

Count of Swap transactions decreased from mid of Sep.

In below charts you can see the analysis for the main token of the Genosis chain, XDAI:

Although the highest count of transactions, senders and receivers was on Oct 4th and 5th, but the highest USD volume of transactions was submitted in the third week of the Sep.

This volume was less than 10 M after the merge announcement in all the days except Oct 14th which was more than 24 M USD.

On Oct 4th, the highest count of receivers was submitted. More than 36 K sender and about 1.4 K sender.

On Oct 5th the highest count of senders was submitted. More than 56 K sender and about 1.9 K receiver.

• From 57 K users in the date of Gnosis merge, 55 K of them was new users.

• From Sep 1st, daily count of users was less than 10 K in all of the days except 3 days.

• The highest count of new users was on Oct 5th(merge date), Sep 28th and 27th.

• Count of transactions was less than 100 K in all the days except the day before the merge and the day of the merge which 162 K and 108 K transactions was submitted, but then, this number decreased.

• In average, each user did less than 35 transaction while in the day before the merge this parameter was 62. In the date of the merge, this parameter was less than 2.

• Amount of fee decreased during days specially after the merge. Its highest amount was on Sep 29th.

• In the above charts, you can see the top 5 senders and receivers addresses based on number of transactions from Sep 1st.
• ‘0xc38…4a‘ was the receiver of more than 67% of transactions. The highest count of transactions was between Oct 4th to 8th.
• ‘0xc2…5c‘ was the receiver of more than 10% of transactions. The highest count of transactions that this address was as the receiver, was on Sep 19th and 20th.
• ‘0xf3…cee’ and ‘0x06…ff3’ and ‘0xcb…904’ sent the similar share of transactions (about 22.5% each) from Sep 1st. More than 66% of transactions was sent by these 3 addresses from Sep 1st.

In the below chart, you can see the count of transactions based on top 5 events:

In the above chart you can see that how the number of transactions increased from Jan 2021 and reached to its highest count on May 2021. Then it decreased, but during May 2022, it increased sharply and reached to more than 1300 K. Then it decreased sharply, and again in Oct, there were some spikes in the number of transactions. These spikes happened during the events that was mentioned above. Especially in the date of Gnosis merge.

• Swidge which is a cross chain dApp was announced to be live on Gnosis on Oct 7th.

  \

• Optimism on Gnosis Chain added to Gnosis Faucet on Oct 6th.

  \

• Gnosis Chain is secured by a diverse set of validators. With over 107K validators and counting, we’re building a resilient and neutral network open to anyone without privilege or prejudice. Here are GBC deposits, validators number and yield stats; (Oct 11th)

Number of validators: 107,465

Staked mGNO: 3,426,751 $mGNO

Total GBC Deposits : 107,465 $GNO

Current Yield: 16.09%

@gnosischain merge is almost here. @nethermindeth is the main client that will take the Gnosis Chain through this transition.()

Lets take a deep dive into data analysis: