Acknowledgment and supplementary Information

• I would like to show my sincere gratitude to the authors of the following dashboards that helped me very much indeed to do my own analysis: *
• Author: NSA2000
• Twitter of the Author: @NSA2000C
• Discord of the Author: NSA2000#5651
• Data from FlipsideCrypto
• Link of this dashboard’s tweet:

Summary

• This dashboard aims to investigate the transactions, users and volume of ETH as well as three stablecoins e.g. USDT, USDC, and TUSD (which moved between the Optimism network and the Ethereum network across the bridge) in order to review their changes and trends.
• The daily variation of the ETH bridge users to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the ETH bridge users to Optimism is recorded between 30 Aug to 1 Nov 2021. Overall, this trend has decreased to the present time with some spikes for instance on 15 Nov 2021, 18 Apr, 30 May, and 24 Oct 2022.
• The max daily variation of the ETH bridge users from Optimism is recorded between 28 Mar to 20 Jun 2022. Overall, this trend has decreased to the present time since 20 Jun 2022.
• The daily variation of the ETH bridge transactions to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the ETH bridge transactions to Optimism is recorded between 30 Aug to 1 Nov 2021. Overall, this trend has decreased to the present time with some spikes for instance on 15 Nov 2021, 18 Apr, 30 May, and 24 Oct 2022.
• The max daily variation of the ETH bridge transactions from Optimism is recorded between 28 Mar to 20 Jun 2022. Overall, this trend has decreased to the present time since 20 Jun 2022.
• The daily variation of the ETH bridge volume to and from Optimism shows a rather similar constant trend with some spikes.
• The max daily variation of the ETH bridge volume to Optimism is recorded on 30 May, to 1 Aug, and 18 Sep 2022.
• The max daily variation of the ETH bridge volume from Optimism is recorded on 15 Aug and 5 Sep 2022.
• The total volume of ETH bridged to or from Optimism is recorded to be about 266.82K.
• The daily variation of the USDT bridge users to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDT bridge users to Optimism is recorded on 4 Oct 2021.
• The max daily variation of the USDT bridge users from Optimism is recorded on 8 Aug 2022.
• The daily variation of the USDT bridge transactions to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDT bridge transactions to Optimism is recorded on 4 Oct 2021.
• The max daily variation of the USDT bridge transactions from Optimism is recorded on 8 Aug 2022.
• The daily variation of the USDT bridge volume to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDT bridge volume to Optimism is recorded on 1 Aug 2022.
• The max daily variation of the USDT bridge users from Optimism is recorded on 18 Sep 2022.
• The total volume of USDT bridged to or from Optimism is recorded to be about 117.14M.
• The daily variation of the USDC bridge users to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDC bridge users to Optimism is recorded on 13 Sep 2021.
• The max daily variation of the USDC bridge users from Optimism is recorded on 14 Mar 2022.
• The daily variation of the USDC bridge transactions to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDC bridge transactions to Optimism is recorded on 13 Sep 2021.
• The max daily variation of the USDC bridge transactions from Optimism is recorded on 14 Mar 2022.
• The daily variation of the USDC bridge volume to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDC bridge volume to Optimism is recorded on 1 Aug 2022.
• The max daily variation of the USDC bridge users from Optimism is recorded on 24 Oct 2022.
• The total volume of USDC bridged to or from Optimism is recorded to be about 536M.
• The daily variation of the TUSD bridge users and transactions to Optimism shows a rather constant trend with a spike on 19 Sep.
• No one has bridged TUSD from Optimism yet.
• The daily variation of the TUSD bridge volume to Optimism shows a rather constant trend with a spike on 19 Sep 2022.
• The total volume of TUSD bridged to or from Optimism is recorded to be about 3.78M.

These charts show the daily and cumulative variation of the TUSD bridge volume to and from Optimism:

• The daily variation of the TUSD bridge volume to Optimism shows a rather constant trend with a spike on 19 Sep 2022.
• No one has bridged TUSD from Optimism yet.
• The total volume of TUSD bridged to or from Optimism is recorded to be about 3.78M.

These charts show the daily and cumulative variation of the ETH bridge volume to and from Optimism:

• The daily variation of the ETH bridge volume to and from Optimism shows a rather similar constant trend with some spikes.
• The max daily variation of the ETH bridge volume to Optimism is recorded on 30 May, to 1 Aug, and 18 Sep 2022.
• The max daily variation of the ETH bridge volume from Optimism is recorded on 15 Aug and 5 Sep 2022.
• The total volume of ETH bridged to or from Optimism is recorded to be about 266.82K.

These charts show the daily and cumulative variation of the USDT bridge volume to and from Optimism:

• The daily variation of the USDT bridge volume to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDT bridge volume to Optimism is recorded on 1 Aug 2022.
• The max daily variation of the USDT bridge users from Optimism is recorded on 18 Sep 2022.
• The total volume of USDT bridged to or from Optimism is recorded to be about 117.14M.

These charts show the daily variation of the USDT bridge users and transactions to and from Optimism:

• The daily variation of the USDT bridge users to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDT bridge users to Optimism is recorded on 4 Oct 2021.
• The max daily variation of the USDT bridge users from Optimism is recorded on 8 Aug 2022.
• The daily variation of the USDT bridge transactions to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDT bridge transactions to Optimism is recorded on 4 Oct 2021.
• The max daily variation of the USDT bridge transactions from Optimism is recorded on 8 Aug 2022.

These charts show the daily variation of the ETH bridge users and transactions to and from Optimism:

• The daily variation of the ETH bridge users to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the ETH bridge users to Optimism is recorded between 30 Aug to 1 Nov 2021. Overall, this trend has decreased to the present time with some spikes for instance on 15 Nov 2021, 18 Apr, 30 May, and 24 Oct 2022.
• The max daily variation of the ETH bridge users from Optimism is recorded between 28 Mar to 20 Jun 2022. Overall, this trend has decreased to the present time since 20 Jun 2022.
• The daily variation of the ETH bridge transactions to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the ETH bridge transactions to Optimism is recorded between 30 Aug to 1 Nov 2021. Overall, this trend has decreased to the present time with some spikes for instance on 15 Nov 2021, 18 Apr, 30 May, and 24 Oct 2022.
• The max daily variation of the ETH bridge transactions from Optimism is recorded between 28 Mar to 20 Jun 2022. Overall, this trend has decreased to the present time since 20 Jun 2022.

These charts show the daily and cumulative variation of the USDC bridge volume to and from Optimism:

• The daily variation of the USDC bridge volume to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDC bridge volume to Optimism is recorded on 1 Aug 2022.
• The max daily variation of the USDC bridge users from Optimism is recorded on 24 Oct 2022.
• The total volume of USDC bridged to or from Optimism is recorded to be about 536M.

Introduction

Optimism is a Layer 2 scaling solution for Ethereum that can support all of Ethereum’s Dapps. Instead of running all computation and data on the Ethereum network, Optimism puts all transaction data on-chain and runs computation off-chain, increasing Ethereum’s transactions per second and decreasing transaction fees. Tests have shown a 143x decrease in transaction fees on Synthetix Exchange and up to a 100x decrease on Uniswap. Since transaction data still stays on the Ethereum network, this scaling solution does not sacrifice Ethereum’s decentralisation or security for scalability. []

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Methodology

The data in this dashboard is obtained from the following tables:

ethereum.core.ez_eth_transfers

ethereum.core.ez_token_transfers

optimism.core.fact_token_transfers

optimism.core.dim_contracts

Aim of this analysis:

This dashboard aims to investigate the transactions, users and volume of ETH as well as three stablecoins e.g. USDT, USDC, and TUSD (which moved between the Optimism network and the Ethereum network across the bridge) in order to review their changes and trends.

These charts show the daily variation of the USDC bridge users and transactions to and from Optimism:

• The daily variation of the USDC bridge users to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDC bridge users to Optimism is recorded on 13 Sep 2021.
• The max daily variation of the USDC bridge users from Optimism is recorded on 14 Mar 2022.
• The daily variation of the USDC bridge transactions to and from Optimism shows a rather similar fluctuating trend.
• The max daily variation of the USDC bridge transactions to Optimism is recorded on 13 Sep 2021.
• The max daily variation of the USDC bridge transactions from Optimism is recorded on 14 Mar 2022.

These charts show the daily variation of the TUSD bridge users and transactions to and from Optimism:

• The daily variation of the TUSD bridge users and transactions to Optimism shows a rather constant trend with a spike on 19 Sep.
• No one has bridged TUSD from Optimism yet.

Results and discussion