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BSC is a blockchain project with a powerful and stable ecosystem. Its low fees make it appealing to many developers. Its centralized system also makes it more secure than Ethereum. Unlike the Ethereum blockchain, BSC is less prone to fraud. Its decentralized system and cheap transaction fees .Binance Smart Chain (BSC) represents the second generation of blockchain technology.
The Arbitrum network is a layer-2 functionality, developed by the New York-based company Offchain Labs, which seeks to solve the congestion that the Ethereum network has been experiencing by improving how smart contracts are validated.
Arbitrum offers a suite of Ethereum scaling solutions that are secure, fast, cheap & EVM compatible:
The holidays and New Year are often chaotic in the crypto and defi space, as users make a spree of new transactions and wallets as they receive (and give) some cash and coins as holiday gifts
WHAT IS ETHEREUM?
.Ethereum is the community-run technology powering the cryptocurrency ether (ETH) and thousands of decentralized applications. Explore Ethereum Get started ethereum.org is your portal into the world of Ethereum. The tech is new and ever-evolving Ether .
ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
==ANALYSIS==
We have analysed the number of transaction & active users by sector . In number of transactions, other sectors are being outcaste by layer 2 and defi lies in the second position .Distribution of active users & transaction follows the same trends , layer 2 is winning the position & is 50% being followed by defi . Layer 2 has reached about 32 k in case of active users also ,here also defi stands second. number of transactions are highest on JANUARY 4 2023
ANALYSIS FOR SWAPS & SWAPPERS
When we see these graphs for NEW YEAR 2023 , we can see that the total number of swaps are maximum in BSC platform , least swaps are found in ARBITRUM .
In As swaps are more in BSC so are the swappers with 157 k in number ETHEREUM HOLDS SECOND POSITION but count is fewer. At last the average swaps & swappers are lowest in ARBITRUM . POLYGON & OPTIMISM HAVE SIMILAR TRENDS.
ANALYSIS FOR NFTs
In NFT sales ,POLYGON has reached maximum in count defeating all . it reached to about 60k & more it was followed by ETHEREUM WITH 60K count in NFT sales. these graphs we have been analysed for the sales and buyers of NFTs of the different platforms during January new year 2023. We see that also in the daily NFT buyers by platform count POLYGON is the winner among all platforms . BSC being the lowest . the difference in the count is huge
in average nfts per user ARBITRUM holds second position POLYGON again is above all lowest being, OPTIMISM .
ANALYSIS
These data’s are for new year 2023 . ARBITRUM has least number of transactions highest being POLYGON BSC is also giving competition with sufficient amount of transactions .BSC is in leading position in active user count with 887k users in a single day . the difference is quite huge with ARBITRUM & OPTIMISM in lowest position . ARBITRUM & OPTIMISM have similar trends in case of average transaction per user . ETHEREUM scores lowest in this rank.
Optimism is one of the leading projects among Layer-2 scaling solutions for Ethereum. The platform, which is based on a technology called “optimistic rollups”, offers significantly lower fees and faster transactions while benefiting from the security guarantees of Ethereum (all Optimism transactions are posted tom mainnet). the Ethereu
METHOD
In this dashboard we will be comparing ETHEREUM WITH OPTIMISM, POLYFON,BSC & ARBITRUM . We will compare them to understand ETHEREUM ECOSYSTEM in a better way ,for this we will be discussing the data’s in terms of -
FOR Daily chain transactions and active users by sector,
FOR Daily chain transactions per user by sector
FOR Distribution of chain transactions and active users per sector
CONCLUSION
In count of daily active users we see that BSC dominates dramatically, reaching 887k active users in one day Arbitrum and Optimism are the two platforms with the lowest numbers.. In the number of transactions and their total, the Polygon platform is the winner . Ethereum is the platform with the lowest transactions per user, while Optimism and Arbitrum are having similar trends have quite similar values . In daily swappers we see that BSC dominates radically, reaching 157k swappers in a single day and followed by Ethereum. At the average swaps per swapper, we see that Polygon and Optimism have quite are similar having same values. The platform with the least swaps is Arbitrum & In the number of swaps and their total, the BSC platform is above all .In daily NFT buyers by platform, Polygon dominates radically during all the week whereas BSC is the platform with the lowest numbers. In the daily NFT sales by platform and their total, the Polygon platform dominates radically, reaching more than 60k total NFT sales. Ethereum is next, with 10k NFT sales In the active users, In the first place there is layer2, reaching 35k followed by defi .In the distribution, Layer2 has more than 50%, followed by defi. Dex. is in third place Optimism is the platform with the least transactions per user. Polygon predominates again, followed by Arbitrum . Layer2 dominates over the other sectors in the daily chain transactions, followed by defi.