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Optimism Free Square Question

-- Show us what you can do with this new Optimism data!

Overview

In this Free Square question we look at the following metrics, for both failed and successful transactions. Our main focus in this analysis is how optimism is doing in terms of transactions health and number of users transacting.
- Transaction Frequency - Overtime
- Number of Users - over time
- Cumulative Number of Transactions vs Number of Users over time.
- Gas Used over time $USD - Cumulative, Over time
- Success Rate of Transactions, Over time vs cumulative
- TPS - Max and Average.

Transaction Frequency - Overtime

We see around 80k-100k transactions daily on Optimism.
The highest was 123K, with 116K Successful and 7K Failed transactions.
The frequency has remained consistent over time.

Transaction Frequency - Cumulative, Overtime

We see around 15k-20k users daily on Optimism.
The highest was 21.9k users, with 21.4k users having Successful txns and .5k with Failed transactions.
The daily number of unique users interacting with the platform has increased over time.
Looking at the cumulative number of txns vs user, we have see 2M transactions till date since Jun 15, 2022 with 276K users.

Gas User over Time - $USD

Optimism like other L2s is known for its very low gas fees.
We saw there are ~100K transactions everyday and the gas fee is a mere 400 - 700 $USD per day.
Till date we have seen only 6.2k $USD in Gas fees.

Transaction Success Rate

Till date we have seen 95K Failed vs 969K Passing transactions, which means we see about 9% of transactions failure every day.
This number seems high, we have also seen as high as 15% failure on Jun 21, 2022.
Optimism certainly needs to work on this failure rate.

Transactions Per Second

While L2s are known for low fees, they are not particularly know for high TPS.
Looking at the overall max vs average till date, the overall max is ~400 Transactions per second, whereas the average has been ~20 Transactions per second.
The Max TPS seen was 420 on June 22, 2022.