Distinct Wallets (zkSync)

    Q1. ZkSync is a scaling solution for Ethereum that is live on mainnet. Some of the main features of ZkSync are the extremely low transaction fees and trustless protocol design.

    Introduction

    zkSync scales and secures Ethereum. Its current functionality includes low gas Ethereum and ERC20 token transfers, atomic swaps & limit orders, and native L2 NFT support. This document describes the zkSync ecosystem.

    ZK Rollup architecture powers zkSync. ZK Rollup is an L2 scaling solution that stores all monies in a smart contract on the mainchain and performs processing and storage off-chain. The mainchain contract verifies a SNARK for every Rollup block. This SNARK verifies every Rollup block transaction. The mainchain network's inexpensive calldata publishes every block's public data update.

    The aims of this dashboard are trying to looking at:

    • How many distinct wallets have deposited ETH into ZkSync in the last 60 days?

    • How much ETH was deposited by day? Visualize both.

    Method

    I was able to locate the zkSync contract address by using the ethereum.core.fact_event_logs table. The address is 0xabea9132b05a70803a4e85094fd0e1800777fbef. Then you should set the event name to Deposit and the token id to 0, which stands for ETH token.

    Analysis

    • More than 69k different people have contributed ETH to zkSync in the past 60 days.

    • The entire amount of ETH that has been deposited is more than 32k.

    • zkSync's total and cumulative daily unique ETH depositors are shown in the graph below. The growth slope accelerated at two instances. On April 26th and May 15th, two separate incidents occurred. Until April 26, the average number of wallets used by a single user each day was 250. After thereafter, the number of unique users continued to rise until May 17th, when the maximum number of visitors occurred. When Luna and UST depegged, Unique users fell off, but the network kept going. June 2nd marked the first time since May 25th that the total number of unique users had increased.

    • If you'd want to see the most recent 60-day stats, you may check out this graph. The general direction was the same as in the preceding graph. It seems to reason that the total amount of deposits are proportional to the number of unique users.

    • zkSynk has seen an increase in its ETH deposit volume during the previous 60 days. It's not like previous charts. Deposits of ETH increased from 132 on April 24 to almost 2,000 by May 10. After the financial crisis, the amount of money in circulation grew. After the market meltdown, the average daily sum was between 400 and 500 ETH. On the 29th of May, the quantity reached $1,500.

    Discord:0xHaM☰d#8391

    Loading...
    Loading...
    Loading...

    Conclusion

    Every day, there is an increase in the total number of distinct users as well as deposits on zkSync. The market did not have any effect on zkSync users, but it seem that did have an effect on the amount of deposits.

    db_img