Welcome to Flipside's World Cup of Bounties. To celebrate the arrival of the FIFA World Cup, we'll be holding a tournament to determine the top bounty hunters in the world across several blockchains, projects, and more. This year's theme is cross-chain comparisons. To qualify for this tournament, create a gas tracking dashboard that looks at gas usage by a chain over the last couple of months. Include Ethereum, Solana, Algorand, Flow, NEAR, Optimism and Osmosis, and add any other chain you think is worth noting. Breakout the following metrics by a chain in the dashboard

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• Total amount USD of gas spent on the chain in the last 30 days.
• Average cost of gas in USD per $1,000,000 of liquidity transferred on each chain 30 days
• Average block gas price hourly and daily
• The top 10 addresses on each chain that spend the most on gas in the past month
• Daily amount spent on gas by chain tracked over the last 30 days
• Chart gas spend to network token price

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Add any other metrics you think would be useful for someone to understand the different costs of gas by chain to help your dashboard standout. Just like the real thing, only 32 entrants can advance to the tournament stage of the World Cup of Bounties — and receive payment for this bounty. Only the most stellar dashboards submitted will make it to the next round, so get creative with your analysis to stand out ! 

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NOTE: Tournament participants can compete as individuals or as teams. Teams should only submit one dashboard per round and are responsible for distributing payment amongst themselves.

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Definitions

Trasaction Fee

In order to be considered a successful and valid transfer, every cryptocurrency transaction must be added to the blockchain, the official public ledger of all completed transactions.

This vital work requires computational energy provided by miners, powerful computers that make up a portion of the network and confirm its transactions. The ongoing computing by miners to validate and confirm transactions on the blockchain network gives the network many of its special, decentralized properties. Simply put, it would not nor could not exist without them.

Miners get financially rewarded for the vast amounts of computing power and energy they expend supporting the network. With every block (a collection of transactions) added to the blockchain comes a bounty called a block reward, as well as all fees sent with the transactions that were confirmed and included in the block. [1],[2]

==GAS Price==

Gas is essential to the Ethereum and Polygon network. It is the fuel that allows it to operate, in the same way, that a car needs gasoline to run. Gas refers to the unit that measures the amount of computational effort required to execute specific operations on the network.

Since each transaction requires computational resources to execute, each transaction requires a fee. Gas refers to the fee required to conduct a transaction on netwoek successfully.[3]

Transaction

An blockchain transaction refers to an action initiated by an externally-owned account, in other words an account managed by a human, not a contract. For example, if Bob sends Alice 1 ETH, Bob's account must be debited and Alice's must be credited. This state-changing action takes place within a transaction.[4]

Gas limit

It refers to the maximum amount of gas (or energy) that you're willing to spend on a particular transaction. A higher gas limit means that you must do more work to execute a transaction using ETH or a smart contract.[5]

Gas Used

that's actual amount of Gas that was used during execution. Sometimes it's hard to predict how much Gas transaction will cost, so the actual cost of transaction is computed afterwards. Sender is charged for used Gas and the difference is returned to the sender.[6]

Gas Rate

The ratio of gas used to gas limit.[7]

The closer this ratio is to one, it will indicate the more accurate calculation of the gas limit, and as a result, gas used.

Comparisons

Ethereum (past 30 days)

**Findings **

• The surveys show that Ethereum is the most expensive network for transactions. Solana, Algorand, Osmosis and Flow are the cheapest networks for making transactions.
• In the past month, in total, Ethereum users have payed $274 million in fees. Solana with 32.7M, Polygon with 5.9M and Osmosis with $4.3M are in the next ranks. Near has recorded the lowest amount with $236k.
• In terms of average fee, Ethereum is the most expensive network with $3.5. Optimism and Polygon are far behind at $0.186 and $0.04 respectively. Flow is the cheapest network in terms of transaction cost with 22 micro dollars.
• In terms of avg fee per block, Ethereum is the most expensive network with $40k. Osmosis and Soland are far behind at $324 and $230 respectively. Near, with $3.49, is the cheapest network in this respect.

Observations

• tot tx count 32.9 M
• tot Fee 116.3 M $
• Fee per Txn 3.54$
• tot Blocks 218 k
• Fee per Block 532 $
• Fee per Day 3.88 M $
• There is no clear correlation between token price and the average fee.

Solana (past 30 days)

Algorand (past 30 days)

Observations

• tot tx count 0.96 B
• tot Fee 9.6M $
• Fee per Txn 0.0099$
• tot Blocks 321 k
• Fee per Block 1.85 $
• Fee per Day 5.19M $
• There is a positive correlation between the token price and the average fee.

Polygon(past 30 days)

Observations

• tot tx count 38M
• tot Fee 356k$
• Fee per Txn 0.0093$
• tot Blocks 717 k
• Fee per Block 0.49$
• Fee per Day 11.8k$
• There is a positive correlation between the token price and the average fee.

Osmosis(past 30 days)

Observations

• tot tx count 83M
• tot Fee 3.43M$
• Fee per Txn 0.04$
• tot Blocks 1.2M
• Fee per Block 2.85$
• Fee per Day 114k$
• There is a positive correlation between the token price and the average fee.

Optimism(past 30 days)

Observations

• tot tx count 1.74M
• tot Fee 4.3M$
• Fee per Txn 0.405$
• tot Blocks 57.9k
• Fee per Block 4.23$
• Fee per Day 411k$
• There is a positive correlation between the token price and the average fee.

Near (past 30 days)

Observations

• tot tx count 9.3M
• tot Fee 1.68M$
• Fee per Txn 0.186$
• tot Blocks 9.3M
• Fee per Block 0.186$
• Fee per Day 56k$
• There is a no clear correlation between the ETH price and the average fee.

Flow (past 30 days)

Observations

• tot tx count 16.39M
• tot Fee 67M$
• Fee per Txn 0.004$
• tot Blocks 2.18M
• Fee per Block 0.036$
• Fee per Day 2230$
• There is a positive correlation between the token price and the average fee.

Conclusion

• The surveys show that Ethereum is the most expensive network for transactions. Solana, Algorand, Osmosis and Flow are the cheapest networks for making transactions.
• In the past month, in total, Ethereum users have payed $274 million in fees. Solana with 32.7M, Polygon with 5.9M and Osmosis with $4.3M are in the next ranks. Near has recorded the lowest amount with $236k.
• In terms of average fee, Ethereum is the most expensive network with $3.5. Optimism and Polygon are far behind at $0.186 and $0.04 respectively. Flow is the cheapest network in terms of transaction cost with 22 micro dollars.
• In terms of avg fee per block, Ethereum is the most expensive network with $40k. Osmosis and Soland are far behind at $324 and $230 respectively. Near, with $3.49, is the cheapest network in this respect.

Observations

• tot tx count --
• tot Fee 817M$
• Fee per Txn 22 micro$
• tot Blocks 1.83M
• Fee per Block 0.446$
• Fee per Day 27.2$
• There is a relatively positive correlation between the token price and the average fee.

Methodology

In this dashboard, we will first compare Ethereum,Solana,Polygon,Osmosis,Flow,Algorand,Near and Optimism networks in terms of the following criterias:

• daily and total fee $ in past 30 days per chain

• Daily and total Fee $ per txn per chain per day

• Daily and total avg fee $ per block in past 30 days per chain 

  Then , in separate sections, we will analyze each of the mentioned networks in terms of the following criteria in the past 30 days:

• daily fee $ / # txns / avg fee $

• daily fee $ / # Bocks / avg fee $ per Bock

• hourly fee $ per block and txn