Introduction

The term "Layer Zero" in the world of cryptocurrencies refers to the foundational layer of a blockchain network. This layer is often considered the most critical and essential part of a blockchain network, as it establishes the underlying infrastructure for the entire network.

At Layer Zero, the physical and protocol layer of a blockchain network is established. This layer determines how information is transmitted and received within the network and how the nodes interact with each other. It defines the rules of consensus, the protocols used for communication, and the security measures in place to protect the network from malicious attacks.

The Layer Zero infrastructure is designed to provide a secure and decentralized network. The security measures used at this layer are critical in ensuring the network's integrity, preventing attacks such as double-spending or 51% attacks, and maintaining the decentralization of the network.

Examples of Layer Zero technologies include cryptographic algorithms, consensus mechanisms, network architecture, and hardware components such as mining equipment. Any change or update made to Layer Zero can have significant implications for the entire network, making it a critical area for research and development.

Methods

In this analysis we will focus on Layer Zero. More specifically, we will analyze the following data:

• Transactions inflow and outflow by chain
• Active user inflow and outflow by chain
• Volume inflow and outflow by chain

I have analysed the same metrics for activity in Avalanche and Optimism by asset.