==Introduction==

The holidays and New Year are often chaotic in the crypto and defi space, as users make a spree of new transactions and wallets as they receive (and give) some cash and coins as holiday gifts.

Cryptocurrency platforms are software networks that use blockchain technology. They allow users to conduct peer-to-peer transactions and store their own digital currencies. These platforms use various mechanisms to validate transactions, such as proof-of-work, proof of stake, etc., and also usually take a small percentage of each transaction as a commission. Each platform has its own characteristics and advantages, but most share common features such as the ability to trade cryptocurrencies in real time.

Ethereum is a decentralised platform with its own blockchain and a complete ecosystem where everyone can build various distributed applications (Dapp), smart contracts and even their own cryptocurrencies. All of them aim to be safe to use and reliable, and there is no need for intermediaries such as banks or agencies. Everything is accessible and readable for everyone, so it is easy to avoid being scammed. Ethereum is by far the biggest and most well-known project in the platform category and smart contracts are one of the most revolutionary things about the Ethereum platform.

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==Methods==

In this analysis we will focus on Ethereum ecosystem activity during 2023. More specifically, we will analyze the following data:

• Ethereum ecosystem activity
  • Daily number of transactions and active users per platform
  • Distribution of transactions and active users by platform
  • Total transactions and active users per platform
  • Average transactions per user by platform
  • Daily swaps and swappers by platform
  • Distribution of swaps and swappers by platform
  • Total swaps and swappers by platform
  • Average swaps per swapper
  • Daily NFT sales and buyers by platform
  • Distribution of NFT sales and buyers by platform
  • Total NFT sales and buyers by platform
  • Average NFT buys per user
• Ethereum ecosystem sectors
  • Daily chain transactions and active users by sector
  • Daily chain transactions per user by sector
  • Distribution of chain transactions and active users per sector

Ethereum ecosystem activity

In these graphs we have analysed the transactions of the different platforms and active users during January 2023. We see that in the number of transactions and their total, the Polygon platform dominates, closely followed by BSC. The platform with the fewest transactions is Arbitrum.

In daily active users we see that BSC dominates radically, reaching 887k active users in one day. Arbitrum and Optimism are the two platforms with the lowest numbers. There is quite a big difference with respect to the others.

Finally, if we look at the average transaction per user by platform, we see that Ethereum is the platform with the least transactions per user, while Optimism and Arbitrum have quite similar values, being the main platforms with the most transactions per user.

In these graphs we have analysed the swaps and the swappers of the different platforms during January 2023. We see that in the number of swaps and their total, the BSC platform dominates radically. The platform with the fewest swaps is Arbitrum.

In daily swappers we see that BSC dominates radically, reaching 157k swappers in one day. It is followed by the Ethereum platform, but with much lower values. The other three platforms are close behind.

Finally, if we look at the average swaps per swapper, we see that Polygon and Optimism have quite similar values. Arbitrum is the plataform with the least swaps per swapper.

In these graphs we have analysed the sales and buyers of NFTs of the different platforms during January 2023. We see that in the daily NFT sales by platform and their total, the Polygon platform dominates radically, reaching more than 60k total NFT sales. Ethereum is next, with 10k NFT sales and the other three have lower values.

In daily NFT buyers by platform we see that Polygon dominates radically during all the week. BSC is the platform with the lowest numbers. There is quite a big difference with respect to the others.

Finally, if we look at the average NFT buys per user. We see that Optimism is the platform with the least transactions per user. Polygon predominates again, followed by Arbitrum.

Ethereum ecosystem sectors

In these graphs we can see the number of transactions and active users by sectors. We can clearly see that layer2 dominates over the other sectors in the daily chain transactions, followed by defi.

The same is true for the active users. In the first place we find layer2, reaching 35k followed by defi. The other sectors are below 10k.

Finally, if we look at the distribution of transactions and active users, the same is true. Layer2 has more than 50%, followed by defi. In third place is Dex.

==Key insight==

• In the number of transactions and their total, the Polygon platform dominates.
• The platform with the fewest transactions is Arbitrum.
• In daily active users we see that BSC dominates radically, reaching 887k active users in one day.
• Arbitrum and Optimism are the two platforms with the lowest numbers.
• Ethereum is the platform with the least transactions per user, while Optimism and Arbitrum have quite similar values.
• In the number of swaps and their total, the BSC platform dominates radically.
• The platform with the fewest swaps is Arbitrum.
• In daily swappers we see that BSC dominates radically, reaching 157k swappers in one day and followed by Ethereum.
• At the average swaps per swapper, we see that Polygon and Optimism have quite similar values.
• In the daily NFT sales by platform and their total, the Polygon platform dominates radically, reaching more than 60k total NFT sales.
• Ethereum is next, with 10k NFT sales.
• In daily NFT buyers by platform, Polygon dominates radically during all the week.
• BSC is the platform with the lowest numbers.
• Optimism is the platform with the least transactions per user. Polygon predominates again, followed by Arbitrum.
• Layer2 dominates over the other sectors in the daily chain transactions, followed by defi.
• In the active users, In the first place there is layer2, reaching 35k followed by defi.
• In the distribution, Layer2 has more than 50%, followed by defi. In third place is Dex.