Comparing Binance - Kucoin - Coinbase on Optimims
First part:
The first part compares the volume and number of transfers and the number of users transferring ETH from the three Centralized Exchanges(Binance,Kucoin,Coinbase) to Optimism and vice versa.
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==number of transfers of $ETH from/to CEXs to/from Optimism:== compares transfer count of $ETH from/to each CEX to/from Optimism network
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==volume of transferred $ETH from/to CEXs to Optimism==: compares transfer volume of $ETH from/to each CEX to/from Optimism network
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==number of transferrers of $ETH to/from CEXs to Optimism:== compares transferrer count of $ETH from/to each CEX to/from Optimism network
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==weekly number of transfers of $ETH from/to CEXs to/from Optimism:== compares weekly transfer count of $ETH from/to each CEX to/from Optimism network
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==weekly volume of transferred $ETH from/to CEXs to Optimism==: compares weekly transfer volume of $ETH from/to each CEX to/from Optimism network
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==weekly number of transferrers of $ETH to/from CEXs to Optimism:== compares weekly transferrer count of $ETH from/to each CEX to/from Optimism network
Second part:
The second part compares the volume and number of transfers and the number of users transferring tokens from the three Centralized Exchanges(Binance,Kucoin,Coinbase) to Optimism and vice versa.
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==number of transfers of tokens from/to CEXs to/from Optimism:== compares transfer count of tokens from/to each CEX to/from Optimism network
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==volume of transferred tokens from/to CEXs to Optimism:== compares transfer volume of tokens from/to each CEX to/from Optimism network
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==number of transferrers of tokens to/from CEXs to Optimism:== compares transferrer count of tokens from/to each CEX to/from Optimism network
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==weekly number of transfers of tokens from/to CEXs to/from Optimism:== compares weekly transfer count of tokens from/to each CEX to/from Optimism network
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==weekly volume of transferred tokens from/to CEXs to Optimism:== compares weekly transfer volume of tokens from/to each CEX to/from Optimism network
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==weekly number of transferrers of tokens to/from CEXs to Optimism:== compares weekly transferrer count of tokens from/to each CEX to/from Optimism network
Third part:
The third part reviews the top 10 tokens from the Centralized Exchange(Binance,Kucoin,Coinbase) to Optimizium and vice versa
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==top 10 tokens from/to Binance, kucoin and Coinbase to/from Optimisim:== compares top 10 tokens which has been transferred between CEXs and Optimism networks based on their transfer volume
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First column above from the left shows that total of 417K transfers occurred from CEXs to Optimism and 264K occurred vice versa, most transfers of ETH occurs between Binance and Optimism and number of transfers from Binance to Optimism is 2.14 times of from Optimism to Binance.
Transfer count from Kucoin and Coinbase to Optimsim is 0.6 and 0.32 times of vice versa.
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Second column above from the left shows that total of 1.16M volume of transfers occurred from CEXs to Optimism and 1.21M occurred vice versa, most volume of transfers of ETH occurs between Binance and Optimism and number of transfers from Binance to Optimism is 0.95 times of from Optimism to Binance.
Transfer volume from Kucoin and Coinbase to Optimsim is 0.99 and 0.75 times of vice versa.
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Third column above from the left shows that total of 46K transferrers occurred from CEXs to Optimism and 73.5K transferrers were active vice versa, most transferrers of ETH occurs between Binance and Optimism and number of transferrers from Binance to Optimism is 0.66 times of from Optimism to Binance.
Transferrer count from Kucoin and Coinbase to Optimsim is 0.4 and 0.82 times of vice versa.
Comparing transfer count of $ETH between CEXs and Optimism
Comparing transfer volume of $ETH between CEXs and Optimism
Comparing transferrer count of $ETH between CEXs and Optimism
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First area chart above from the left shows that transfers of CEXs to Optimism has bullish trend which their total transfers maxes out on last week of December with 32K transfers, Kucoin shows fluctuated trend and Coinbase has increasing trend towards 2023.
- Most number of transfers on a week recorded for Binance on last week of December with 29,989 transfers.
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Second area chart above from the left shows that volume of transfers of CEXs to Optimism has fluctuated trend which their total volume of transfers maxes out on third week of September with 114K volume, Kucoin shows fluctuated trend and Coinbase has increasing trend towards 2023.
- Most volume of transfers on a week recorded for Binance on third week of September with 114,396 volume of transfers.
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Third area chart above from the left shows that transferrers of CEXs to Optimism has fluctuated trend which their total transferrers maxes out on first week of September with 5.6K transferrers, Kucoin shows increasing trend and Coinbase has decreasing trend towards 2023.
- Most number of transferrers on a week recorded for Binance on first week of September with 5501 transferrers.
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First area chart above from the left shows that transfers to CEXs from Optimism has fluctuated trend which their total transfers maxes out on first week of June with 16K transfers, Kucoin shows fluctuated trend and Coinbase has increasing trend towards 2023.
- Most number of transfers on a week recorded for Binance on first week of June with 11,235 transfers.
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Second area chart above from the left shows that volume of transfers to CEXs from Optimism has fluctuated trend which their total volume of transfers maxes out on third week of September with 112K volume, Kucoin shows fluctuated trend and Coinbase has increasing trend.
- Most volume of transfers on a week recorded for Binance on third week of September with 112,737 volume of transfers.
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Third area chart above from the left shows that transferrers to CEXs from Optimism has fluctuated trend which their total transferrers maxes out on first week of June with 11K transferrers, Kucoin shows fluctuated trend and Coinbase has increasing trend towards 2023.
- Most number of transferrers on a week recorded for Binance on second week of June with 7,627 transferrers.
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First column above from the left shows that total of 194.5K transfers occurred from CEXs to Optimism and 220K occurred vice versa, most transfers of tokens occurs between Binance and Optimism and number of transfers from Binance to Optimism is 0.88 times of from Optimism to Binance.
Transfer count from Kucoin and Coinbase to Optimsim is 0.83 and 0.99 times of vice versa.
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Second column above from the left shows that total of 2B volume of transfers occurred from CEXs to Optimism and 2.24B occurred vice versa, most volume of transfers of tokens occurs between Binance and Optimism and number of transfers from Binance to Optimism is 0.88 times of from Optimism to Binance.
Transfer volume from Kucoin and Coinbase to Optimsim is 0.98 and 0.998 times of vice versa.
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Third column above from the left shows that total of 38.2K transferrers occurred from CEXs to Optimism and 40.5K transferrers were active vice versa, most transferrers of tokens occurs between Binance and Optimism and number of transferrers from Binance to Optimism is 0.91 times of from Optimism to Binance.
Transferrer count from Kucoin and Coinbase to Optimsim is 0.999 and 1 times of vice versa.
Comparing transferrer count of tokens between CEXs and Optimism
Comparing transfer volume of tokens between CEXs and Optimism
Comparing transfer count of tokens between CEXs and Optimism
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First area chart above from the left shows that transfers of CEXs to Optimism has decreasing trend which their total transfers maxes out on first week of June with 16K transfers, Kucoin and Coinbase are showing fluctuated trends.
- Most number of transfers on a week recorded for Binance on second week of June with 12,387 transfers.
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Second area chart above from the left shows that volume of transfers of CEXs to Optimism has fluctuated trend which their total volume of transfers maxes out on first week of November with 146M volume, Kucoin shows decreasing trend and Coinbase has increasing trend towards 2023.
- Most volume of transfers on a week recorded for Binance on second week of August with 127,502,065 volume of transfers.
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Third area chart above from the left shows that transferrers of CEXs to Optimism has decreasing trend which their total transferrers maxes out on first week of June with 9K transferrers, Kucoin and Coinbase shave similar trend as their major trend.
- Most number of transferrers on a week recorded for Binance on second week of June with 7,550 transferrers.
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First area chart above from the left shows that transfers to CEXs from Optimism has decreasing trend which their total transfers maxes out on last week of May with 45K transfers, Kucoin and Coinbase are showing similar trend as their major trend.
- Most number of transfers on a week recorded for Binance on last week of May with 29,784 transfers.
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Second area chart above from the left shows that volume of transfers to CEXs from Optimism has fluctuated trend which their total volume of transfers maxes out on first week of August with 382M volume, Kucoin shows decreasing trend and Coinbase has fluctuated trend.
- Most volume of transfers on a week recorded for Binance on second week of August with 367,405,912 volume of transfers.
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Third area chart above from the left shows that transferrers to CEXs from Optimism has decreasing trend which their total transferrers maxes out on last week of May with 20K transferrers, Kucoin and Coinbase are showing similar trend as their major trend.
- Most number of transferrers on a week recorded for Binance on last week of May with 12,793 transferrers.
Comparing top 10 tokens with most transferred volume between Coinbase and Optimism
Comparing top 10 tokens with most transferred volume between Kucoin and Optimism
Comparing top 10 tokens with most transferred volume between Binance and Optimism
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First column above from the left shows that total of 1.53B tokens transferred from Binance to Optimism and 1.73B tokens transferred vice versa, most transfers of tokens belongs to $OP between Binance and Optimism and volume of transfers of $OP from Binance to Optimism is 0.98 times of from Optimism to Binance.
Other tokens contains 20.4% of volume from binance and 22.3% of volume to binance.
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Second column above from the left shows that total of 104M tokens transferred from Kucoin to Optimism and 106M tokens transferred vice versa, most transfers of tokens belongs to $OP between Kucoin and Optimism and volume of transfers of $OP from Binance to Optimism is 0.9 times of from Optimism to Binance.
Other tokens contains very small portion of transferred volume percentages.
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Third column above from the left shows that total of 4.07B tokens transferred from Binance to Optimism and 4.08B tokens transferred vice versa, most transfers of tokens belongs to $OP between Binance and Optimism and volume of transfers of $OP from Coinbase to Optimism is 0.998 times of from Optimism to Binance.
Other tokens contains 0.07% of volume from binance and 0.07% of volume to binance.
Approach
This dashboard observes transfers metrics between Optimism and Binance / Kucoin / Coinbase on 3 parameters which are:
- $ETH transfer statics between 3 CEXs and Optimism
- token transfer statics between 3 CEXs and Optimism
- top 10 transferred tokens between each of 3 CEXs and Optimism
Creating these parameters on Optimism required me to use tables of:
optimism.core.ez_eth_transfers
optimism.core.dim_labels
optimism.core.fact_token_transfers
KuCoin is a large cryptocurrency exchange offering the ability to buy, sell, and trade cryptocurrencies. In addition to basic trading options, the platform offers margin, futures, and peer-to-peer (P2P) trading.
Binance is an online exchange where users can trade cryptocurrencies. It supports hundreds of the most commonly traded cryptocurrencies. Binance provides a crypto wallet for traders to store their electronic funds. The exchange has supporting services for users to earn interest or transact using cryptocurrencies.
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency (crypto). Our mission is to create an open financial system for the world and to be the leading global brand for helping people convert crypto into and out of their local currency. We make buying and selling crypto easy.



Conclusions
- Binance is dominant CEX for transferring $ETH and other tokens between Optimism network.
- All metrics of $ETH transfers are mostly happened to CEXs from Optimism network but for token transfers these metrics are almost same.
- Excluding transfer count from CEXs to Optimism rest of weekly charts are showing fluctuated trends.
- $OP is most transferred token between these CEXs and Optimism.
- Transfer count of $ETH is 1.66 times of transfer count of other tokens.
- Transfer count of $ETH is 0.00056 times of transfer volume of other tokens.
- Transferrer count of $ETH is 1.51 times of transfer count of other tokens.
Comparing same dashboard on Arbitrum network:
Here is my same dashboard created for Arbitrum network
- Binance is dominant CEX in both networks.
- Transfer metrics of $ETH on Optimism shows more bullish than Arbitrum.
- Transfer metrics of Tokens on Arbitrum shows more bullish than Optimism.