Try Quests to earn cryptoOptimistic Bears
Q9. Analyze Optimism during the month of July as markets were get turbulent, showing whatever metrics you care to unearth. You can choose any topic you’d like: How did the network perform? What about market performance? Were there significant inflows or outflows on bridges? Were there any notable patterns in user behavior?
Posted on August 9, 2022
This dashboard will give you
- shows the price comparison of BTC and OP currency
- shows the volume of daily transactions in the Optimism network
- shows the number of daily transactions in the Optimism network
- shows the number of daily users in the Optimism network
- shows the volume of daily fees in the Optimism network
- shows the top 10 projects with the most transactions in the Optimism network
- shows the top 10 projects with the most users in the Optimism network
- shows the comparison of transactions per minute of Oprimism and Ethereum networks
- shows the comparison of successful transactions per minute of Oprimism and Ethereum networks
- shows the number of daily transactions for buying and selling NFT on the Optimism network
- shows the number of daily buyers and sellers of NFT in the Optimism network
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OP And BTC Price
In the chart below, you can see the daily price of OP and BTC. As you can see, the price growth of both currencies has started since the middle of July, but the growth of OP has been very high and by the end of July, it has grown by more than 250%.
To get this chart, the optimism.core.fact_hourly_token_prices table was used to filter the currency address contract.
Top 10 Projects With The Most Transactions
In the chart below, 10 projects with the most transactions in July are displayed on the Optimism network.
To obtain the following charts, the project_name and TX_HASH columns of the optimism.core.fact_event_logs and optimism.core.dim_labels tables were used.
OP And ETH Success Rate
The following comparison chart shows the number of successful transactions per minute every day in the Optimism and Ethereum networks.
To get the chart below, we divided the number of successful transactions by the total number of transactions and multiplied by 100, and used the optimism.core.fact_transactions and ethereum.core.fact_transactions tables.
Conclusion
As you can see in the charts above, since the middle of July, with the increase in the OP price, the number and volume of transactions, the number of users, the volume of fees, the number of transactions per minute, and the number of NFT purchases and sales and the number of buyers and sellers in the network Optimism has increased.
However, the percentage of successful transactions has decreased since the middle of July, which indicates the congestion of the network.
OPTIMISM
Optimism is a layer-two blockchain for Ethereum using optimistic rollups as scaling technology. It is one of Ethereum’s biggest scaling solutions with over $250 million in TVL at the time of writing. Optimistic rollups outsource the execution of transactions to a L2 solution like Optimism.
The transactions on Optimism are rolled up into batches that get relayed to the Ethereum mainnet, which only records the new chain state. Since their validity is assumed, the rollups are called optimistic. A rollup's validity can be challenged for up to seven days, which is why withdrawals from Optimism to Ethereum take seven days.