Introduction

The Optimism Network or Optimism is a second layer solution, which was created to solve the scalability problems of the Ethereum network. Optimism in the word means optimism, and the Optimism network was created based on this approach. The Optimism network uses Optimisitic Rollup to increase scalability. In this solution, the Optimism network collects and executes transactions in its network and sends them in a compressed form to the Ethereum network, causing the scalability, speed of transactions and their fees to be significantly reduced.

In the optimistic approach that the Optimism network uses, all transactions that are validated by network validators are considered valid and processed. This process ensures that transactions are not validated separately and their processing time is greatly reduced. Also, each member of the network or validators has up to one week to check the set of transactions and if a fake transaction is found, inform the network and receive a reward.

The Optimism network was created with the aim of solving Ethereum's scalability problems and making this network efficient. Optimism has built its design on four main pillars: simplicity, pragmatism, sustainability and optimism. These features allow the Optimism network to operate simply and effectively

Methodology

• All charts are based on July
• Items to be analyzed →

1- Comparison of the price of Ethereum and Bitcoin with OP

2- Transactions

3- Five popular events among users

4- Ten popular projects among users

5- NFTs

Transactions

• The number of unique active wallets every day is 6270
• The number of active unique wallets is about 194K
• Total fee earned about 199 ETH
• The average fee for each transaction is very low
• The number of transactions per day is about 100K
• The number of transactions is about 3 million
• The success rate of transactions is about 90%
• The number of transactions per second is about 1.162

• The highest average fee was on July 20 And the highest fee on July 28 with about 31 ETH

• On July 27, we see the highest participation of active wallets

• On July 29, the highest transaction was with about 233K, and on the same day TPS was about 2 transactions

• The most successful and unsuccessful day of transactions was on July 29

Top 5 Events

• The most popular event among users, in terms of the number of unique wallets, was transfer with about 54% and then deposit was about 15%

• The most popular event of users, in terms of the number of transactions, was transfer with about 53%, followed by swap, which was about 37%

Top 10 Projects

• In terms of the growth of transactions in terms of events, we have seen the growth of all events since July 26

• On July 27, the largest participation of wallets was for transfer, followed by swap

• On July 29, the most transfer transaction took place, and after that, swap had the most transaction

• In examining the growth of the number of unique wallets, the transfer event has grown the most

• The most popular destination of users in terms of the number of transactions was perpetual protocol with around 31%, followed by hop protocol with around 23%.

• The most popular destination of users in terms of the number of unique wallets was optimistic explorer - get started nft with about 35%, followed by hop protocol with about 24%

• In terms of the growth of the participation of wallets in terms of top destinations, the highest growth has been for the hop protocol

• In terms of the growth of transactions in terms of top destinations, the highest growth for

• On July 27, the most popular destination for users in terms of the number of wallets was optimistic explorer - get started nft, followed by hop protocol

• On July 29, the most popular destination for users was velodrome finance, followed by hop protocol

NFTs

• The number of sellers is 5370
• The number of unique NFTs sold is 106
• The volume of USD$ transactions is about 164K
• The average sale is about 10 USD$
• The number of buyers is 4150

• The highest number of NFT sales on July 30
• The most sellers and buyers of NFT on July 27
• The largest USD$ volume of NFT sales on July 30
• The highest average volume of NFT sales on July 6

Compare prices

• The daily price of Ethereum increased after July 13 and fell on July 26, and then continued to grow, and we see the same trend for OP.
• The daily price of Bitcoin increased after July 13 and fell on July 26, and then continued to grow, and we see the same trend for OP.

Findings and conclusion

1- Comparison of the price of Ethereum and Bitcoin with OP →

• The daily price of Ethereum increased after July 13 and fell on July 26, and then continued to grow, and we see the same trend for OP
• The daily price of Bitcoin increased after July 13 and fell on July 26, and then continued to grow, and we see the same trend for OP

2- Transactions →

• The number of unique active wallets every day is 6270

• The number of active unique wallets is about 194K

• Total fee earned about 199 ETH

• The average fee for each transaction is very low

• The number of transactions per day is about 100K

• The number of transactions is about 3 million

• The success rate of transactions is about 90%

• The number of transactions per second is about 1.162

• On July 29, the highest transaction was with about 233K, and on the same day TPS was about 2 transactions

• On July 27, we see the highest participation of active wallets

• The highest average fee was on July 20 And the highest fee on July 28 with about 31 ETH

• The most successful and unsuccessful day of transactions was on July 29

3- Five popular events among users →

• The most popular event of users, in terms of the number of transactions, was transfer with about 53%, followed by swap, which was about 37%
• The most popular event among users, in terms of the number of unique wallets, was transfer with about 54% and then deposit was about 15%
• On July 29, the most transfer transaction took place, and after that, swap had the most transaction
• In terms of the growth of transactions in terms of events, we have seen the growth of all events since July 26
• On July 27, the largest participation of wallets was for transfer, followed by swap
• In examining the growth of the number of unique wallets, the transfer event has grown the most

4- Ten popular projects among users →

• The most popular destination of users in terms of the number of transactions was perpetual protocol with around 31%, followed by hop protocol with around 23%.
• The most popular destination of users in terms of the number of unique wallets was optimistic explorer - get started nft with about 35%, followed by hop protocol with about 24%
• On July 29, the most popular destination for users was velodrome finance, followed by hop protocol
• In terms of the growth of transactions in terms of top destinations, the highest growth for
• On July 27, the most popular destination for users in terms of the number of wallets was optimistic explorer - get started nft, followed by hop protocol
• In terms of the growth of the participation of wallets in terms of top destinations, the highest growth has been for the hop protocol

5- NFTs →

• The number of sellers is 5370
• The number of unique NFTs sold is 106
• The volume of USD$ transactions is about 164K
• The average sale is about 10 USD$
• The number of buyers is 4150
• The highest number of NFT sales on July 30
• The most sellers and buyers of NFT on July 27
• The largest USD$ volume of NFT sales on July 30
• The highest average volume of NFT sales on July 6

Conclusion→

Optimism seems to have outperformed Ethereum in the last two weeks of July, and Optimism's TVL is up a lot in July, close to 100%

The dashboard link has been tweeted