Optimistic Bears
Q9. Analyze Optimism during the month of July as markets were get turbulent, showing whatever metrics you care to unearth.
You can choose any topic you’d like: How did the network perform? What about market performance? Were there significant inflows or outflows on bridges? Were there any notable patterns in user behavior?
At first for getting how Optimism network performed during turbulent month of July i think we should look at how $OP price performed during this month and as shown above we see huge uptick on July 31, 2022 that has good signs for the Optimism network as well.
As said in price section we see that number of transactions per second acts accordingly as $OP price and has huge uptik on July 29, 2022
this shows that $OP price has influence on performance of the network.
As shown above volume of Ethereum has increasing trend over time like $OP price, maximum of volume occurred on July 29, 2020 so close to maximum of $OP price as well.
As shown above number of transactions of each bridge has increasing trend over time like $OP price, maximum of number of transactions occurred on July 29, 2020 so close to maximum of $OP price as well.
As shown above volume of transactions of each bridge has increasing trend over time like $OP price, maximum of volume of transactions occurred on July 29, 2020 so close to maximum of $OP price as well.
As shown above number of distinct wallets has increasing trend over time like $OP price, maximum of number of distinct wallets occurred on July 27, 2020 close to maximum of $OP price as well.
wallet shown below is only wallet with over than 10K volume, which contains 30.5% of volume of transactions among top 10 wallets
-
0xacd03d601e5bb1b275bb94076ff46ed9d753435a
\
Daily volume of top 10 wallets is shown above which is increasing and similar to daily transaction of all with maximum that occurred on July 29, 2022.
Two wallets shown below are only wallets with over than 80K transactions, which they contain 35.1% of number of transactions among top 10 wallets
- 0x7b951a991c73a0ad8645f93a705d06808509ce9f
- 0x04234893acac5096f4a1ad8fd952cc98b8c8ff46
Daily transactions of top 10 wallets is shown above which is increasing and similar to daily transaction and daily volume of Ethereum with maximum that occurred on July 29, 2022.
Results
-
Price of $OP token has increasing trend over July which could be influenced by performance of Optimism or other wise which is that $OP price could influence Optimism performance during this month.
-
Over all performance of Optimism and $OP is good and increasing unlike market status.
-
0x7b951a991c73a0ad8645f93a705d06808509ce9f this wallet had most transactions
-
0xacd03d601e5bb1b275bb94076ff46ed9d753435a this wallet had most volume
I used the transaction shown in the Link here and from tables that shown in the following to find daily volume of transactions :
from optimism.core.fact_token_transfers inner join optimism.core.dim_labels on optimism.core.dim_labels.address=CONTRACT_ADDRESS