Question:
Compare transaction volume for BSC vs. Arbitrum over the past 7 days and create a simple visualization to display both. Highlight any interesting points of comparison that you see.
Methodology:
In this dashboard, we have tried to provide complete information related to the comparison of the volume of transactions between the Arbitrom network and the BNB network. The visualizations provided are as follows.
- Compare the transactions volume of the Arbitrum network and the BSC network, which was called using the fact transactions table from the Arbitrum and BSC databases.
- Comparing the volume of transfer transactions between Arbitrum network and BSC network using the events log table from the database of two networks.
- Comparing the volume of swap transactions between the Arbitrum network and the BSC network using the events log table from the database of the two networks.
- Comparison of Ethereum and BNB transfers amount and USD transfers amount of these two assets between Arbitrum network and BSC network using the ez transfers table from the database of the two networks.
- Comparison of transaction fees of two networks using the fact transactions table.
> # Highlight
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The difference of swap transactions on Jun 26 was less than 2000 transactions.
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The amount of BNB transfers on July 1 was higher than Ethereum transfers.
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Transfer of about 3 BNB per transaction in the BSC network and transfer of about 0.7 ether per transaction in the Ethereum network, which if we consider the average price of BNB in the last 7 days is about $224 and the average price of each ether 1120 dollars, it can be said that an equal amount of Ether and BNB has been transferred for each transaction.
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The above graphs clearly show that BSC network transaction fees are almost zero compared to Arbitrum network fees. The highest average fee on July 1 was for BSC network, which if we consider the price of $217 for bnb, the fee per transaction is about 18 cents.This issue is clearly defined by comparing the total fees received in the last 7 days by BSC network and Arbitrum network.
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According to the above fee charts, it can be concluded that the average fee for each transaction in the Arbitrom network is about 1500 times that of the BSC network.