Introduction

The popularity of Arbitrum has been growing quite quickly, with users agreeing to its main goal - to reduce transaction fees and congestion by moving as much computation and data storage off of Ethereum's main blockchain (layer 1) as it can. This dashboard will analyse what has attracted users to use the network, by investigating different types of labels found on Arbitrum. Which projects and protocols have seen the biggest numbers of users, where did users spend the most gas, and which ones have seen the most ETH volume? These are only some of the questions that will be answered by the end of this investigation!

Arbitrum tables are still in the process of backfilling - all data analysed consists of dates after the 22nd of June 2022 and is set to refresh daily.

-- ==Arbitrum Transactions== --

-- ==Arbitrum Unique Users== --

-- ==Arbitrum ETH Volume== --

-- ==Fees Spent on Arbitrum== --

Key findings:

• By looking at the transactional level on Arbitrum, we can see that users love to transact on DEXs, which mainly consist of swaps and bridging events. The daily charts tell us that activity on Arbitrum has decreased during the Bear market, but has been slowly increasing since the beginning of August, which is great news!
• The investigation of transactions on Arbitrum also shows how much traction there is to both SushiSwap and UniSwap, as well as Hop Protocol. This ties back to users enjoying swapping on DEXs as well as being able to bridge to and from Arbitrum.
• The analysis of unique users tells us that again, swapping on DEXs and bridging are the two most popular actions. SushiSwap, UniSwap and Hop Protocol are again the most popular platforms in this category.
• It is interesting to see that a big ETH volume can be found on CEXs, which implies that a lot of users must be sourcing their assets on platforms such as Binance and then bridging into Arbitrum to use its DEXs for swaps and other activities. A lot of ETH volume can also be found in the AAVE protocol and the Celer network.
• Lastly, users have spent the most fees on swapping on DEXs. UniSwap has burnt the most gas, followed by Hop Bridge and SushiSwap. We can also see that a lot more gas has been spent in the earlier dates of this analysis, namely in mid-end June.

Conclusion

This dashboard has investigated actions on Arbitrum from a few different angles. We have deep-dived into labels, project and address names in order to find out what users love to do the most on Arbitrum. I hope you enjoyed this analysis!

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• Dashboard by -nat-#4310

• Twitter:

• Refresh Rate - Daily

• Data from FlipsideCrypto

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