Try Quests to earn FLOWOpen Analytics Bounty: Arbitrum (August 6)
Arbitrum is a suite of Ethereum scaling solutions that enable high-throughput, low cost smart contracts while remaining trustlessly secure.
Arbitrum is a side chain that runs parallel to Ethereum Mainnet. Also known as a Layer 2 (L2) scaling solution, Arbitrum improves transaction speeds and cost compared to the mainnet, making it an excellent solution for Ethereum developers.
Arbitrum was founded by Steven Goldfeder and Harry Kalodner in 2021, and since its creation,
All the networks have been checked since 2022/06/15 because the information of Optimisin tables is available in the database since this date.
According to line chart above we can conclude following results :
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Arbitrum : Bullish trend until Jun 29, 2022 then bearish from it’s maximum day.
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Ethereum : Bullish trend until Jul 26, 2022 then bearish from it’s maximum day.
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NEAR : Bullish trend until Jul 18, 2022 then bearish from it’s maximum day.
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Polygon : Bearish trend until Jul 10, 2022 then bullish trend from it’s minimum day until Jul 18, 2022 then bearish since that day.
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Arbitrum reached it’s maximum day second among other observed blockchains and number of transactions on Arbitrum maximum day was 22 times of number of transactions on Arbitrum minimum day.
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Ethereum reached it’s maximum day last among other observed blockchains and number of transactions on Ethereum maximum day was 1.43 times of number of transactions on Ethereum minimum day.
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NEAR reached it’s maximum day third among other observed blockchains and number of transactions on NEAR maximum day was 2 times of number of transactions on NEAR minimum day.
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Polygon reached it’s maximum day first among other observed blockchains and number of transactions on Polygon maximum day was 1.42 times of number of transactions on Polygon minimum day.
we can say that difference between maximum and minimum number of transaction on Arbitrum in a single day is highest among other observed block chains, This shows that the Arbitrum network has not yet reached full stability compared to other networks.
According to line chart above we can conclude following results :
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Arbitrum : Bullish trend until Jun 29, 2022 then bearish from it’s maximum day.
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Ethereum : Bullish trend until Jul 26, 2022 then bearish from it’s maximum day.
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NEAR : Bullish trend until Jul 18, 2022 then bearish from it’s maximum day.
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Polygon : Bearish trend until Jul 10, 2022 then bullish trend from it’s minimum day until Jul 18, 2022 then bearish since that day.
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Arbitrum reached it’s maximum day second among other observed blockchains and number of transactions on Arbitrum maximum day was 18 times of number of transactions on Arbitrum minimum day.
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Ethereum reached it’s maximum day last among other observed blockchains and number of transactions on Ethereum maximum day was 1.43 times of number of transactions on Ethereum minimum day.
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NEAR reached it’s maximum day third among other observed blockchains and number of transactions on NEAR maximum day was 2 times of number of transactions on NEAR minimum day.
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Polygon reached it’s maximum day first among other observed blockchains and number of transactions on Polygon maximum day was 1.42 times of number of transactions on Polygon minimum day.
we can see that difference between maximum and minimum number of transaction per minute on Arbitrum in a single day is highest among other observed block chains, which indicates less steady status of Arbitrum compared to other blockchains.
According to area charts above we can conclude following results :
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Arbitrum : maximum day happened on Jun 19, 2022 then bearish trend started and continued until Jun 25, 2022 then another bullish trend started and peeked on Jul 28, 2022.
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Ethereum : Bullish trend until Jul 11, 2022 then bearish trend since that day
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NEAR : Over all trend is bullish with significcant deep low that happened on Jul 30, 2022.
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Polygon : Over all trend is mostly sready and bearish with low slope
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Arbitrum reached it’s maximum day second among other observed blockchains and Percentage of failed transactions on Optimism maximum day was 4.7 times of number of transactions on Optimism minimum day.
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Ethereum reached it’s maximum day third among other observed blockchains and Percentage of failed transactions on Ethereum maximum day was 2.47 times of number of transactions on Ethereum minimum day.
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NEAR reached it’s maximum day last among other observed blockchains and Percentage of failed transactions on NEAR maximum day was 2.8 times of number of transactions on NEAR minimum day.
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Polygon reached it’s maximum day first among other observed blockchains and Percentage of failed transactions on Polygon maximum day was 1.9 times of number of transactions on Polygon minimum day.
we can say that difference between maximum and minimum Percentage of failed transactions on Arbitrum in a single day is highest among other observed block chains, which indicates less steady status of Arbitrum compared to other blockchains.
According to area chart above drawn for number of transactions over time indicates that Arbitrum, FLOW and Algorand has more similar trend to each other.
Arbitrum, FLOW and Algorand has higher and stronger peeks compared to Ethereum.
Arbitrum, FLOW and Algorand has bearish trend until their peek date and also after that as well but on the other hand Ethereum is bullish over time.
According to area chart above drawn for success rate of transactions over time indicates that two blockchains of Ethereum and FLOW has similar trend compared to each other.
Ethereum’s and FLOW’s success rate has been very close to each other through out time frame.
Arbitrum’s success rate has been third through out time frame.
After Jun 23, 2022 success rate of Arbitrum has been steady and without any corrections through out the time frame, though we see three major corrections on FLOW and Ethereum. this tells us that Arbitrum chain has been more successful on maintaining healthy network.
According to bar-line chart above drawn for unique wallets to make a transaction over time indicates following results
Arbitrum unique wallets peeked on Jun 29, 2022 and trend after that has been bearish, which other blockchains such as FLOW and Algorand had surge in their number of unique wallets around that period as well.
After that we see another surges on other block chains except Arbitrum which is not good sign and makes me wonder Arbitrum has not been as successful to attract new users as other block chains.
According to bar-line chart above drawn for transaction fees over time indicates following results
Arbitrum transaction fees has been low and stayed relatively still like Flow and Algorand after its peek on Jun 29, 2022 means these three block chains unlike Ethereum was successful to obtain steady transaction fee through out time frame which is good sign for a blockchain.