Key Highlights of the Article :

In this insightful piece, we dive into the fascinating world of smart contracts and their recent trends. Here's what you'll discover:

• Over 1.24 Million Contracts Deployed: In just the last 45 days, the landscape has seen a staggering 1.24 million contracts come to life.

• Scroll's Revenue in ETH: Scroll has amassed a noteworthy total of 120 ETH in fees from developers engaging with its platform.

• Dead contracts Dominate: An intriguing find is that nearly 90% of these contracts experienced interaction just once, indicating an abudant presence of "dead" contracts

• The Pre-Phase End Surge: Noticeably, there is a consistent and massive spike in contract creation observed right before the culmination of each phase, indicating that it's mostly the airdrop farmers and devs

Ready to dive deeper into these trends? Continue reading to unravel more fascinating details!

Scroll's Mainnet: Two Months of Dynamic Growth ⏳

In the past two months, Scroll's mainnet has seen remarkable growth. Their initiative to reward developers with a soulbound NFT for each deployed contract led to 1.25 million contracts and 1 million active users. This surge in activity also brought in 120 ETH in gas fees for Scroll.

Interestingly, a pattern emerges in the data: a spike in contract deployments just before the end of each phase, revealing complexities in developer behavior. What happens after these contracts are deployed? Stay tuned as we delve into their post-deployment interactions and search for hidden gems. 🔍

Continue reading for deeper insights into Scroll's evolving ecosystem.

Key Insights from Scroll's Mainnet Analysis

An analysis of Scroll's mainnet unveils contrasting trends. Despite the deployment of a vast number of contracts, interaction levels tell a different story: 77% had no interactions, and 12% were interacted with only once. Remarkably, only 0.3% (550 contracts) were actively used, being interacted with over 50 times, indicating they were the main contributors to the ecosystem.

During the NFT minting phase, most value-adding contracts emerged before the origin NFTs announcement, suggesting a notable shift in user engagement post-announcement.

User Engagement Insights on Scroll's Mainnet

Delving into user interactions with contracts on Scroll's mainnet reveals a similar, if not more stark, trend. A staggering 98% of contracts were interacted with by just one user, presumably the deployer. This raises questions about the depth of genuine user engagement.

Contrastingly, a mere 350 contracts stand out, having been used by over 50 users each. These contracts, showing signs of broader adoption, hint at potential for sustained use beyond the initial farming phase, marking them as likely candidates for ongoing engagement.

Number of Interactions with a contract

Number of users interacting with contract

Transactions by devs

Developer Activity on Scroll's Mainnet

An analysis of developer interactions on Scroll's mainnet reveals some eye-opening patterns. Approximately 50% of developers engaged with Scroll solely to create a contract, with no further activity. Furthermore, an additional 17% have made just one transaction beyond their initial deployment. This trend points towards a significant inclination towards airdrop farming among developers.

You can read the short and crisp conclusion over at X. Read it here ->

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Data source

All the data is sourced from Covalent_HQ ( https://www.covalenthq.com/ ). Feel free to check out thier increment tool which has over 200 chains indexed.

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Insights into Scroll's Contract Ecosystem :mag_right:

Disclaimer

All analysis is based on manual labeling, focusing on the top 50 contracts. Please note the possibility of mislabeling.

The Vibrant Landscape of Active Contracts

Moving past the "dead" contracts, we turn our attention to those that are very much "alive" and thriving. An interesting observation is that nearly all top contracts, in terms of transactions, were deployed before November 1st. This raises a crucial question: Has the NFT drop truly attracted quality projects to Scroll? Only time will reveal the full impact.

Dominant Sectors: DeFi and Bridges

Among the active players, two sectors stand out: DeFi and Bridges. Surprisingly, bridges have overtaken NFTs in popularity, with Orbiter Finance emerging as a clear leader in this space.

The Forerunners of DeFi

In the bustling DeFi sector, Kyberswap leads the pack, closely followed by Crocswap. This reveals the dynamic nature of Scroll's DeFi ecosystem and the evolving preferences of the community.