Introduction

What Is Ethereum?

Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.

Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises creating technology based upon it to change how many industries operate and how we go about our daily lives.

How Does Ethereum Work?

The Ethereum platform was launched in 2015 by Buterin and Joe Lubin, founder of the blockchain software company ConsenSys. The founders of Ethereum were among the first to consider the full potential of blockchain technology beyond just enabling the secure virtual payment method. Since the launch of Ethereum, ether as a cryptocurrency has risen to become the second-largest cryptocurrency by market value. It is outranked only by Bitcoin.

Question

What is the volume of ETH and three stablecoins of your choice that's moved between the Optimism network and the Ethereum network across the bridge?

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Methodology

In this dashboard we will see:

ETH Transfers

Stablecoins Transfers

In this case, we have used the following tables:

ethereum.core.ez_eth_transfers

ETH Transfers

Observations

• In the last three months, about 50 million GEL ETH tokens from Optimism Transferred to Ethereum.

• At the end of October of this year, there were more than 750 transfers from Ethereum to Optimism and almost 6 transfers from Optimism to Ethereum, which is the majority of transfers.

• The highest volume of the bridge was observed in early August of this year, when more than 100 million dollars were transferred from Ethereum to Optimism, and about more than 440 thousand dollars were transferred from Optimism to Ethereum.

• A total of over $350 million worth of Ethereum tokens have been transferred from Ethereum to Optimism in the past three months.

• The most users who transferred was at the end of October this year, more than 700 wallets from Ethereum to Optimism and only 2 wallets from Optimism to Ethereum.

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Stablecoins Transfers

Observations

• It can be concluded that the most popular stable coin in terms of the number of transfers is for Optimism to Ethereum and Ethereum to Optimism.
• It can be concluded that the most transfers were in early August of this year with about 140 transfers from Optimism to Ethereum for USDC.
• It can be concluded that the most popular stablecoin in terms of transfer volume is Optimism to Ethereum and Ethereum to USDC.
  • 440 Ethereum to Optimism million dollars and about 220 Optimism to Ethereum million dollars
• It can be concluded that the most popular stable coin in terms of the number of transfers is for Optimism to Ethereum and Ethereum to Optimism.
• Also, the largest amount of bridge volume is in early August (5) of this year with about 80 million dollars from Ethereum to Optimism.
• It can be concluded that the most transfers of users in early August of this year with around 130 wallets are from Ethereum to Optimism.

Conclusion

ETH Transfers

• In the last three months, about 50 million GEL ETH tokens from Optimism Transferred to Ethereum.
• At the end of October of this year, there were more than 750 transfers from Ethereum to Optimism and almost 6 transfers from Optimism to Ethereum, which is the majority of transfers.
• The highest volume of the bridge was observed in early August of this year, when more than 100 million dollars were transferred from Ethereum to Optimism, and about more than 440 thousand dollars were transferred from Optimism to Ethereum.
• A total of over $350 million worth of Ethereum tokens have been transferred from Ethereum to Optimism in the past three months.
• The most users who transferred was at the end of October this year, more than 700 wallets from Ethereum to Optimism and only 2 wallets from Optimism to Ethereum.

Stablecoin Transfers

• It can be concluded that the most popular stable coin in terms of the number of transfers is for Optimism to Ethereum and Ethereum to Optimism.

• It can be concluded that the most transfers were in early August of this year with about 140 transfers from Optimism to Ethereum for USDC.

• It can be concluded that the most popular stablecoin in terms of transfer volume is Optimism to Ethereum and Ethereum to USDC.

  • 440 Ethereum to Optimism million dollars and about 220 Optimism to Ethereum million dollars

• It can be concluded that the most popular stable coin in terms of the number of transfers is for Optimism to Ethereum and Ethereum to Optimism.

• Also, the largest amount of bridge volume is in early August (5) of this year with about 80 million dollars from Ethereum to Optimism.

• It can be concluded that the most transfers of users in early August of this year with around 130 wallets are from Ethereum to Optimism.

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• It also shows the very low volume of bridging from Optimism to Ethereum.

• Based on observations, it can be concluded that most users are bridging from Ethereum to optimism for Ethereum and USDC.

• As a result, Ethereum users have chosen Optimism as their new destination.

THANK YOU FOR READING!

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