Introduction

Optimism is a Layer-2 scaling solution for Ethereum that supports all dapps and it runs all computations and data off-chain. So, due to this, Ethereum's transactions per second are increased and transaction fees are decreased, rather than running all computation on the Ethereum network. Moreover, Optimism sounds very similar to Polygon Matic, as both offer similar something very similar, as it’s a scaling solution for Ethereum.

The purpose of this article is to analyze the network performance, user behavior trends on Optimism chain during July 2022, the time when markets were get turbulent with supporting graphs or visuals.

We will first look at the network performance of Optimism chain during July 2022, in terms of standard metrics such as Total number of transactions performed, Total number of users who have interacted or performed optimism transactions, total transaction fees charged, average time per block over the month of July 2022 i.e. the time period during which market has experienced uncertainity.

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Conclusion

From the above graphs and visuals, here are few observations noticed for July month when market was turbulent..

• A maximum number of transactions has been recorded in the third and last weeks of July 2022 grabbing around 36.5% comparatively, when verified on a weekly basis. Also, a maximum number of users 142.3K has performed optimism transactions in the last week of July 2022, recording a all time highest count on a weekly basis.

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• Highest Transaction fees has been spent or collected in the last week of July 2022, which shows that the market conditions doesn’t show any impact in terms of the network performance on Optimism chain, as the total transactions count and total users interacting on Optimism chain shows an increasing or raising pattern in the month of July 2022.