Introduction

What Is Gnosis (GNO)?

Gnosis is an open-source, decentralized prediction market built on the Ethereum blockchain. Users are able to create markets where they can speculate on any event or arbitrary outcome. 

By using the Ethereum Protocol, Gnosis is able to guarantee a secure and transparent ecosystem. The Gnosis protocol aims to shift the paradigm by providing the world’s most efficient forecasting tool and setting a global standard for prediction markets.

How Does Gnosis (GNO) Work? 

Gnosis offers 3 main products for users of GNO and these products use 3 separate layers to deliver a proper experience for users. 

The Gnosis Core Layer provides the foundational smart contracts for the Gnosis platform. The Gnosis Service Layer offers resources for consumer applications and is used for tools like chatbots and stable coins. Finally, the Gnosis Applications Layer which contains primarily front-end tools that target particular prediction markets or select customer segments. Some of the applications are built by Gnosis and some are built by 3rd parties. \n \n The Apollo Network (Gnosis’ prediction market) allows a user to create a market for any arbitrary event where users can buy and sell positions to speculate on the outcome. As time passes or related events unfold, certain outcomes are more likely to happen which increases the value of the related tokens. Once the event has finalized, the tokens representing the final outcome receive the full value of the bets while the rest of the tokens for the other outcome become worthless.

Who Are the Founders of Gnosis?

Gnosis was founded in 2015 by Martin Koppelmann and Stefan George under ConsenSys, an Ethereum venture production studio. In April 2017, Gnosis was able to secure funding and became an independent company based in Gibraltar. Gnosis currently has more than 50 team members globally and maintains a main development hub in Berlin at the Full Node co-working space. 

in this dashboard, we use gnosis database tables for study the following topics:

• Total of Users
• Total Number of Transactions
• Total Number of Swaps
• Daily Gnosis New Users
• Daily Active Users - Ethereum vs. Gnosis
• Minimum, Maximum, Average Time between Blocks
• Minimum, Maximum, Average Number of Transactions per Block
• Daily Number of Swaps - Ethereum vs Gnosis
• Top 10 Days - Number of Swaps - Gnosis
• Daily Transactions per day Status [Success/Failed]
• Average Swap Gas Used on Gnosis [USD]
• Gnosis Users Status on L2 Layers

In this chart, we see the number of active users in the Gnosis and Ethereum networks. Due to the fact that the Ethereum network is larger and more well-known, the number of users of this network is much more than Gnosis.

To calculate the average time between blocks, first I count blocks in each hour, then divide that number by 3600 to reach the time in seconds. As we see, in most of the days, there is 0.5 seconds between blocks of those days on average.

In the chart, we see the minimum, maximum and the average number of transactions processed in each block. The maximum number of transactions processed in each block is 836. The minimum number of transactions processed in each block is 1. The average number of processed transactions per block is 4.2.

The chart shows the number of daily swaps in Gnosis network. The number of swaps in the Ethereum network is much more than that of Gnosis. The Ethereum network is bigger than Gnosis and has more users, So more swaps are done in Ethereum.

The highest number of swaps in Gnosis was 37879 swaps on July 18.

July 19 = 37589 swaps, July 20 = 37463 swaps, July 28 = 37317 swaps

In the chart, we see the number of successful and failed transactions processed each day. As can be seen in the chart, the number of successful processed transactions in the Gnosis network is much more than the failed transaction, and this shows the stability of the Gnosis network.

The chart shows the average gas per swap in the Gnosis network. The highest amount of gas fee received in Gnosis was $795 on June 11.

Average Gas Fee:

June 13 = $710

June 15 = $618

June 1 = $469

The chart shows the distribution of whether Gnosis users has used Layer 2. Majority of them has never used Layer 2, and the second largest group has used both Layer 2 (Arbitrum and Optimism)

in this chart, Number of new users arriving did maintain high levels in the two first months of data.

But since the high levels at July 4, there has been a decreasing amount of new users in the next weeks, with a slight bounce in July 21, but decreased shortly after.

in this chart shows the transaction activity of users that has used Gnosis, Arbitrum and Optimism. These users overall, are more active on Gnosis than on Layer 2. This suggests, Gnosis are more attractive than Layer 2s for these users.