User Behavior

Analyze User Behavior

Introduction

what is Ethereum?

Ethereum is an open platform based on blockchain technology. Ethereum allows developers to run their decentralized applications on it. Applications created or developed on Ethereum are not controlled by any organization

What is Optimism?

optimism network is a layer2 solution that is created to solve the scalability problems of the Ethereum network. The Optimism Network uses optimistic solutions (Optimistic Roll-up) to increase scalability. In this solution, optimism network by collecting and executing transactions on its network and sending them in a compact manner and in the form of a transaction to the Ethereum network, causes the scalability, speed of transactions and their Fee to be significantly reduced.

Method

contract and summary on how I collected the data:

I used sushi tables that are available in flipside beside transcations table for both optimism and Ethereum.
our approach: for answering the bounty questions:
- we have 2 sections which are Swap and Transcations:
  1. Swap:
    
    We review all the Visualized data related to the swaps on sushiswap for both of optimism and Ethereum and present valuable data such as daily Volume or Average Volume/day and others, such as the daily volume or the average volume per day. we also will analyze the swappers and sushiswap fee which is 0.03% and beside all of that will look on swap transaction fee also
  2. Transcations: we also will look deep here in number of transaction, transaction fee and active addresses
some necessary definition base on provided data:

==average volume/day:== Total Volume/number of passed days

==Average volume/swapper==: Total Volume/unique swappers number

==saved ETH==: count of transcations on optimism * average Ethereum fee - Optimism fee

All daily graphs contain only the last 3-month

our insight will be base on daily Timeframe.

ALL the Volume number are in USD and ALL the fees Are in ETH

Observations

The difference in the volume of SushiSwap between these two networks is very large, so that in the last month, the volume of Ethereum has been around 200 times the volume of Optimism. The average daily volume also has such conditions and the difference is huge
The daily volumes of Ethereum are very high, and we are facing millions USD numbers, while the daily volume in Optimum has not exceeded 30K USD.
In the average swap size section, we also see the strong superiority of Ethereum, as the average swap size in the last month of Ethereum is close to 2.3K USD, which is a very high number compared to 25 USD. This superiority can be seen in the daily section as well

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TRANSACTION

Observations

In the last month, the number of Ethereum transactions with 34M transactions was about 5 times more than Optimism transactions.
In the daily statistics, we also see millions of numbers for Ethereum, as opposed to Optimism, it has not reached 400K transactions, but if we compare the trend of this period, we can see that the number of Ethereum transactions is in a downward trend, while the number of Optimism transactions is in an almost increasing trend.
The average number of transactions for each address shows us that Ethereum users have a greater desire to have transactions in the network, so that their statistics are about 5 times higher.

Observations

It can be clearly seen that SushiSwap is more established in Ethereum, so that the number of users who swapped on Ethereum in the last month is 50K user, compared to Optimism, it has only 1584 users, and this difference in numbers conforms that
In the daily section, we can clearly see that Ethereum statistics are above 5,000 users on most days, and on some days, this number even reaches above 15,000, while Sushi Swap users in Optimism have less than 500 users on most days.
In all time periods, the average number of swappers per day for Ethereum is close to 1600, which is a large number compared to SushiSwap on optimism, which is between 37 and 50.

Observations

As we said before, Sushi Swap considers 0.3% of the swap size as a fee, and considering that it has a direct relationship with the volume and that we already know that the volume in Ethereum is much higher, it is predictable that the received fee should be higher
In the section of swap transactions, it should be noted that in addition to the lower number of transactions in Optimism, it has much fewer transactions fee compared to Ethereum, and these two things can be seen well in all related graphs, so that in all days, Optimism's swap transaction fee per day is less than 0.25. ETH but numbers up but for Ethereum this number is up to 140 ETH
we can see that in last month the average transaction fee for swap on Ethereum was almost 20 time higher than optimism and in daily average there is huge difference between the fees that shows us how much we will save if we swap our asset on optimism

Conclusion

The difference in the volume of SushiSwap between these two networks is very large.
in the last month the volume of Ethereum has been around 200 times the volume of Optimism
the average swap size in the last month of Ethereum is close to 2.3K USD, which is a very high number compared to 25 USD for optimism
in daily swappers number, Ethereum were above 5,000 swappers on most days, while SushiSwap in Optimism have less than 500 swapper on most days
the average number of swappers per day for Ethereum is close to 1600, which is a large number compared to SushiSwap on optimism, which is between 37 and 50.
sushi swap received fee is much higher than optimism
all days, Optimism's swap transaction fee per day is less than 0.25. ETH but numbers up but for Ethereum this number is up to 140 ETH
the average transaction fee for swap on Ethereum was almost 20 time higher than optimism
In the last month, the number of Ethereum transactions with 34M transactions was about 5 times more than Optimism transactions.
The average number of transactions for each address in Ethereum are about 5 times higher than optimism
in all time periods the number of active Optimism addresses has not reached 500K, while in Ethereum we have seen over 10 million transactions in the last two months.
on a daily basis, we can see that while in Ethereum, more than 1000 ETH is spent on most days, this number has not reached 40 ETH for optimism.
in some days we even save 500 or 600 ETH by working in The Optimism network is saved in Fee

Thanks For, your Time

Twitter: Abbas_ra21

date; 2022-10-26

Observations

The number of active addresses in the ethereum network is much higher than that of Optimism, so in all time periods the number of active Optimism addresses has not reached 500K, while in Ethereum we have seen over 10 million transactions in the last two months.
The number of active Ethereum addresses was above 300K addresses almost every day, while the number of active Optimism addresses was below 30K addresses on most days.
The number of new addresses that are activated daily in Ethereum is higher than optimism on all days

SWAP

Observations

If we have the two factors of fewer transactions and fewer fees, it is natural that the sum of transaction fees is much lower than Ethereum in all time periods, which can be clearly seen in the graphs above. And on a daily basis, we can see that while in Ethereum, more than 1000 ETH is spent on most days, this number has not reached 40 ETH for optimism.
In a good month, on average, each address in the Ethereum network has paid 0.012 ETH, while this number is 0.02 for optimism, which means that each address in Ethereum has paid six times more on average.
According to the number of transactions of Optimum and its fee and comparing it with Ethereum, we can reach a graph that shows how much we saved in the consumption of fee, in which it can be seen that in some days we even save 500 or 600 ETH by working in The Optimism network is saved in Fee