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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.

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06-12-2022 08:10:50 (UTC+7)

EUR/USD

1.051

0.0019 (0.18%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.051

0.0019 (0.18%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2210

+0.0022 (+0.18%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

USD/JPY

136.49

-0.24 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (6)

AUD/USD

0.6712

+0.0015 (+0.23%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

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USD/CAD

1.3585

-0.0003 (-0.02%)

Summary

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EUR/JPY

143.46

0.01 (0.00%)

Summary

Neutral

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EUR/CHF

0.9898

+0.0012 (+0.12%)

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Neutral

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Gold Futures

1,783.60

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Silver Futures

22.523

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Copper Futures

3.8078

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Crude Oil WTI Futures

77.53

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Brent Oil Futures

83.23

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Natural Gas Futures

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US Coffee C Futures

163.42

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Euro Stoxx 50

3,956.53

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S&P 500

3,998.84

-72.86 (-1.79%)

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DAX

14,447.61

-81.78 (-0.56%)

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FTSE 100

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Hang Seng

19,518.29

+842.94 (+4.51%)

Summary

Buy

Moving Avg:

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US Small Cap 2000

1,835.79

-57.05 (-3.01%)

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Moving Avg:

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8,370.10

-7.80 (0.00%)

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47.970

-0.760 (-1.56%)

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Sell

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Bayer AG NA

53.09

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Allianz SE VNA O.N.

203.00

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Summary

Buy

Moving Avg:

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Adidas AG

122.06

-2.20 (-1.77%)

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Deutsche Lufthansa AG

7.766

+0.028 (+0.36%)

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Siemens AG Class N

135.44

+0.74 (+0.55%)

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Deutsche Bank AG

10.150

+0.126 (+1.26%)

Summary

Neutral

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    EUR/USD 1.051 ↑ Buy  
    GBP/USD 1.2210 Buy  
    USD/JPY 136.49 ↑ Sell  
    AUD/USD 0.6712 Buy  
    USD/CAD 1.3585 ↑ Sell  
    EUR/JPY 143.46 Neutral  
    EUR/CHF 0.9898 Neutral  
    Gold 1,783.60 ↑ Buy  
    Silver 22.523 ↑ Buy  
    Copper 3.8078 ↑ Buy  
    Crude Oil WTI 77.53 Buy  
    Brent Oil 83.23 Buy  
    Natural Gas 5.603 ↑ Sell  
    US Coffee C 163.42 ↑ Sell  
    Euro Stoxx 50 3,956.53 ↑ Sell  
    S&P 500 3,998.84 ↑ Buy  
    DAX 14,447.61 ↑ Sell  
    FTSE 100 7,567.54 ↑ Sell  
    Hang Seng 19,518.29 Buy  
    Small Cap 2000 1,835.79 ↑ Buy  
    IBEX 35 8,370.10 ↑ Sell  
    BASF 47.970 Sell  
    Bayer 53.09 ↑ Buy  
    Allianz 203.00 Buy  
    Adidas 122.06 ↑ Sell  
    Lufthansa 7.766 ↑ Buy  
    Siemens AG 135.44 ↑ Buy  
    Deutsche Bank AG 10.150 Neutral  
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