What Is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.

The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.

Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

What Is BNB?

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.

Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

What Is Polygon (MATIC)?

Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.

The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.

Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.

MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.

What Is Avalanche (AVAX)?

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

What Is Optimism (OP)?

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. It is home to 35 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. The airdrop was so popular that it briefly slowed down the Optimism blockchain.

Summary

• Polygon has the highest number of swaps among these networks and on 26 Oct Polygon had approximately 13.5K Swaps and on this day Ethereum Network only had 64 Swaps. it is microscopic number swaps compare with polygon networks. Ethereum Network on 26 Oct had the highest number of Swaps from September until now. moreover, Polygon has nearby 76.5% number of all swaps during this period and after it ETH has about 8.5%, Arbitrum 5% and Optimism only has 2% this proportion is lowest proportion.

• In terms of Number of Swappers, Polygon has the highest number of swappers among others networks and polygon has the highest number of swappers on 19 and 26 Oct with about 9.5K swappers. Ethereum had the highest number of swappers on 26 Oct with 316 and totally Polygon has approximately 77% number of swappers and after it 8% and Optimism has the lowest proportion with about 2%.

• In terms of Number of Pools Polygon has the highest proportion of all pools with about 47% and ETH has about 24% and finally Arbitrum has the lowest proportion with about 3%.

• In terms of Number of swaps Polygon has the greatest number of swaps with approximately 207K and ETH has about 23K and Optimism has the lowest proportion of number of swaps with 6K. moreover, Polygon has about 76.5% number of swaps and ETH has about 8.5% and in the end Optimism has about 2%.

• In terms of Number of swappers Polygon has the greatest number of swappers with approximately 61K and ETH has about 6.2K and Optimism has the lowest proportion of number of swappers with 1.5K. moreover, Polygon has about 77% number of swaps and ETH has about 8% and in the end Optimism has about 2%.

• in terms of popular network per day regarding of number swaps 43 days of this period refer to Optimism, Arbitrum had 8 days, BSC has 5 days and Avalanche and Ethereum only lead one day. moreover, Optimism has about 69% proportion, Arbitrum has 14%, BSC has 13.5%, Avalanche 3% and ETH only has below 1%.

• Polygon had the highest number of daily transactions on 19, 26 Oct with about 13.7K and these days were spike in terms of number of transactions. in addition, Polygon has approximately 73.5% proportion and ETH has 10% and finally Optimism only has 2.3%.

• Totally Polygon has the highest number of transactions in this period with about 217K and after it ETH has 30K, Avalanche 15K and Optimism had the lowest number of transactions with about 6.8K.

• Totally Polygon has the highest number of Swappers in this period with about 62.5K and after it ETH has 7.8K, Arbitrum 5K and Optimism had the lowest number of transactions with about 1.6K.

• in terms of popular network per day regarding of number transfers 50 days of this period refer to Optimism, Arbitrum had 6 days, BSC has 1 day and Ethereum only lead one day. moreover, Optimism has about 85.5% proportion, Arbitrum has 11%, BSC has 3% and ETH only has below 1%.