Distinct Wallets (zkSync)
Question:
Q1. ZkSync is a scaling solution for Ethereum that is live on mainnet. Some of the main features of ZkSync are the extremely low transaction fees and trustless protocol design. You can read more about ZkSync here.
How many distinct wallets have deposited ETH into ZkSync in the last 60 days? How much ETH was deposited by day? Visualize both.
Preliminaries:
The concept of zkSync is to provide a trustless and zero-compromise Layer 2 scaling solution for the Ethereum blockchain. Among existing Layer 2 scaling solutions, zkSync stands out because of excellent usability and security.
The prospect of lower fees, enhancing the UX aspect of crypto wallets and services, and the various DeFi enhancements to explore are just some examples of why this project matters.
For more infro about zkSync visit the following links:
Approach:
The results section contains various criteria and the approach section covered them all:
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Transfer of ETH
from ethereum.core.ez_eth_transfers
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zkSync specification
ETH_TO_ADDRESS='0xabea9132b05a70803a4e85094fd0e1800777fbef'
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Volume of ETH
sum(amount) and sum(AMOUNT_USD)
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Distinct wallets
count(distinct ETH_FROM_ADDRESS)
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Average deposit per unique user
volume_ETH/unique_wallets
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Time period
BLOCK_TIMESTAMP>=CURRENT_DATE-60 -- for the last 60 days
Three different graphs have been utilized to evaluate the deposit of ETH into zkSync. According to these graphs, the key findings of this essay can be summarized as:
- The deposit into zkSync could be separated into two parts: before and after market condition on May.
- The movement of depositing ETH into zkSync had growing slope but dropped in market harsh times. After stabilizing market kept its previous movement as can be seen.
- The average deposit per wallet on May 12, 2022 was 15.73 ETH and it shows the participation of large players on that day.
- The zkSync is one of the best places for Layer 2 scaling solutions and the growing participation of distinct users in it proves that.