Dashboard Topic: ethereum vs arbitrum

Introduction

Ethereum is a decentralized, open source, and distributed computing platform that enables the creation of smart contracts and decentralized applications, also known as dapps.

Arbitrum is a layer-2 solution project designed to enhance Ethereum smart contracts in terms of speed scalability while adding additional privacy features to boot. The platform is designed to make it easy for developers to execute unmodified Ethereum Virtual Machine (EVM) contracts and Ethereum transactions at layer-2 while still benefiting from Ethereum’s excellent layer-1 security. Arbitrum itself was created to address some of the shortcomings of current Ethereum-based smart contracts. As for the drawbacks, such as long transactions and high execution costs.

Methodlogy

The following metrics will be compared between Ethereum and arbitrum

1. User Activity

   1. Daily number of users
   2. Cumulative number of users

2. Swap Activity & Volume

   1. Daily and cumulative number of swappers and swaps
   2. Total volume and average transaction size

3. Transaction metrics

   1. Transactions per block

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I will use fact_event_logs table.

Observations:

1.User Activity

a.Daily active users (DAU) are wallets that have performed on-chain transactions on Arbitrum and ethereum and represent the ecosystem's strength.

b.Ethereum have bigger values in user activity.

c.Arbitrum has acumulated +1.38M users while ethereum has acumulated over 9.79m users.

2.Swap Activity & Volume

a.The number of swappers on Arbitrum appears to be higher or equal than on Optimism on most days. Optimism, on the other hand, has a higher number of swaps per day than Arbitrum on most days.

b.Ethereum seems to have more traders than Arbitrum on most days. On August 31st, Arbitrum was set for a major upgrade due to the Ethereum Scalable Network news. The number of traders in Arbitrum has increased from 9647 to 77k

c.

Toatal volume and average tx size seems to have similar values . Nevertheless, two strange peaks during sep 8 and 15 sep It exists in both And this peak is more in Ethereum

3.Transaction metrics

a.The average transaction per Arbitrum block is approximately 1.47, whereas the average transaction per Ethereum block is approximately 179.8. Ethereum average transaction per block is It is 120 times that of Arbitrum

b.Ethereum's maximum transaction per block is 1418, which is 11times greater than Arbitrum 's maximum transaction per block Arbitrum is smaller than Ethereum

c.In terms of volume and number of transactions, second layer solutions such as Arbitrum are currently far away from Ethereum in terms of volume and number of transactions.