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Daily On-chain Activities on Arbitrum, Optimism Hit 7-Months High

Fantom, Arbitrum, and Optimism attained more daily active addresses in a week than seven months ago.The combined on-chain activities of the three are far behind that of the BNB...
Daily On-chain Activities on Arbitrum, Optimism Hit 7-Months High Daily On-chain Activities on Arbitrum, Optimism Hit 7-Months High
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  • Fantom, Arbitrum, and Optimism attained more daily active addresses in a week than seven months ago.
  • The combined on-chain activities of the three are far behind that of the BNB Chain.
  • On-chain activities include using dApp, creating new wallets, DAO voting, and swaps.

The smart contract development activities on some blockchain networks have recently increased compared to what was obtainable seven months ago. According to data from the crypto market tracker, Nansen, the blockchains of Fantom, Arbitrum, and Optimism now have more active addresses per day than they had in a week seven months ago.

The chart Nansen shared illustrated that the three mentioned blockchains now rank among the top ten by on-chain activity volume.

Notably, on-chain activities may include using decentralized apps (dApps), making swaps, creating new wallets, DAO voting, sending and receiving assets, and more. The combined on-chain activities of Fantom, Arbitrum, and Optimism as of November 23, 2022, are far behind that of the BNB Chain, which witnessed daily active addresses of 1.2 million.

Importantly, Optimism and Arbitrum are two of the largest layer-two (L2) solutions that utilize Optimistic roll-up technology to scale the Ethereum network.

According to other data by Nansen, the gas fees consumed by the daily transactions on the Ethereum network have hovered around $2-3 Million since late July of 2022. In contrast, approximately $57 million went into gas fees daily in the previous year.

The DeFi search engine TheFiVerse hinted that the top consumers of ETH gas fees are NFT projects related to the Chinese. According to them, swaps from NFTs and the decentralized exchange Uniswap account for the most ETH yields to validators.

In related news, Ethereum trades at $1,196 with a barely 3% increase in the last 24 hours and an almost zero cumulative gain over the previous seven days.

The post Daily On-chain Activities on Arbitrum, Optimism Hit 7-Months High appeared first on Coin Edition.

See original on CoinEdition

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

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USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Neutral

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

+0.023 (+0.09%)

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Sell (9)

Copper Futures

4.5305

-0.0105 (-0.23%)

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Crude Oil WTI Futures

81.14

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Brent Oil Futures

85.62

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Natural Gas Futures

1.946

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

-196.37 (-1.08%)

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Sell (6)

FTSE 100

8,144.13

-2.90 (-0.04%)

Summary

Sell

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Sell (7)

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Hang Seng

17,763.03

+16.12 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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↑ Sell

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Sell (12)

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Sell (7)

IBEX 35

10,854.40

-246.40 (-2.22%)

Summary

Neutral

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Sell (3)

BASF SE NA O.N.

49.155

+0.100 (+0.20%)

Summary

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Bayer AG NA

27.35

-0.24 (-0.87%)

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Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

Summary

↑ Sell

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Sell (5)

Adidas AG

226.40

-5.90 (-2.54%)

Summary

↑ Sell

Moving Avg:

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Indicators:

Buy (2)

Sell (7)

Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (9)

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Siemens AG Class N

175.90

-1.74 (-0.98%)

Summary

↑ Sell

Moving Avg:

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Deutsche Bank AG

15.010

-0.094 (-0.62%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (6)

Sell (2)

    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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