What's Going On With Gnosis?
- Take a deep dive into recent activity on Gnosis, especially recent rapid rises in the number of active users, transactions, and more. Make any hypothesis you can about what is driving this activity. Is there a new dapp that launched? Is there some incentive program going on? Or is the spike in users/txns due to some sybil attack?
What is Gnosis? (GNO)
Founded in 2015 by Martin Koeppelmann and Stefan George, the Gnosis prediction market platform was one of the first projects backed by the Ethereum-focused incubator, ConsenSys.
Gnosis aims to provide an open-source infrastructure for prediction markets built on Ethereum.
If you’re unfamiliar, a prediction market is a type of marketplace, not unlike an exchange, except instead of trading assets, users trade the outcome of events. Often restricted by regulators, it is believed cryptocurrencies hold the potential to decentralize the operation of prediction markets, opening their access across the globe.
This is the idea behind the Gnosis prediction market platform, a blockchain enabling users to trade cryptocurrencies that are representative of event outcomes on an open market.
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- In the daily table of new users and active users, we see 3 peaks. The highest number on October 5 with 57K and 55K active users and new users, respectively.
- In the days before and after October 5 (except September 28 and 29), the number of active users is between 2500 and 3000.
- 34.42% of total users are new users and 65.8% of them are active users.
- The highest transaction is on September 21 with 1446 transactions.
- After September 21, it can be said that the number of daily transactions has decreased.
- Fee volume has been below 0.6 most days but from September 23rd to September 28th we had a significant increase in fee volume.
- And after that we see a decrease in volume.
- We can see that 38.05K transactions have been made in these 40 days.
- Total fee volume in last 40 days is 387.
- On September 19, 20 we have 162K transactions to
0xc2d….
address. - On October 4 to October 8 we have large number of transactions to
0xc38d499
that is AMB Rinkeby Bridge. - Most of the transactions from October 4th to October 8th by wallets :
0xcbfe6a6731
,0xf38f1a8e0d
and0x0681f1141.
- We can see that
0x0681f1141
has more than 300K transactions. - And
0xc38d499
has more than 1M received transaction.
- On October 5 we have the highest number with 57K and 55K active users and new users, respectively.
- Fee volume has been below 0.6 most days but from September 23rd to September 28th we had a significant increase in fee volume.
- At 9:00 on October 5, we have the highest number of transactions and users.
- On October 4 at 22:00 with 23K transactions to AMB Rinkeby Bridge.
- After October 8 at 12:00 the number of transaction to AMB became 0.
- And
0xc38d499 AMB Rinkeby Bridge
has more than 1M received transaction. - Most of the transactions from October 4th to October 8th by wallets :
0xcbfe6a6731
,0xf38f1a8e0d
and0x0681f1141.
- We can see that
0x0681f1141
send more than 300K transactions.
-
We finds out
‘0xc38D4991c951fE8BCE1a12bEef2046eF36b0FA4A'
address as AMB Rinkeby Bridge.> ## In the left chart we can see that : > > At 9 on October 5, we have the highest number of transactions and users. > > 30K transactions and 18K new users > > After 9 o'clock on October 5, the number of transactions decreased, but it did not reach the number of transactions of the previous days (about 3000). > It fluctuates between 10 and 15 k until October 8th at 12 o'clock and then returns to around 3000 transactions per day.
>
> > ## In the right chart we can see that : > > On October 4 at 12:00 we have 21.76K AMB transaction. In the previous days, the number of transactions reached a maximum of 300 transactions per day. > > After that most number of AMB transactions on October 4 at 22:00 with 23K transactions. > > Number of transactions decrease after October 4 at 22:00 but the number of transactions varies from 7K to 12K. > > And after October 8 at 12:00 the number of transaction to AMB became 0.