15 Data Analysis Methods for the Ethereum Blockchain

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc )Editor's Note: This article comes from

Babbitt Information (ID: bitcoin8btc ), the original authors are data scientists Danning Sui and Bogdan Gheorghe of Alethio, reproduced by Odaily with authorization.Last month, Ethereum co-founder Vitalik Buterin revealed his

Ethereum address

The Ethereum blockchain provides a wealth of data, but as a developer, you need a powerful data engine so you can monitor and process everything from minor behaviors to smart contract activity. These indicators can help you understand the deployment and operation status of the entire network in detail.

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Ethereum Network Health

The data below is based on reports for the week of January 13-20, 2019.

1. Gas usage and cost Gas is a measure of the computing work performed by the Ethereum network. Gas usage per block, showing the amount of computation triggered by the transactions contained in that particular block. Block gas limits are designed to keep block propagation times low and limit the number of transactions included in a block, while preventing potential misuse of transactions by adding a cost layer (price per unit of gas, by making DoS attacks expensive , to prevent potential DoS attacks) From a high-level point of view, the sender pays this cost in exchange for using the Ethereum Virtual Machine. Ethereum is designed as a dapp hosting platform. Every transaction, every function call and every token transfer will consume gas, so using the platform = filling the block.

Because miners are responsible for packing transactions, and there are always more transactions waiting than can be accommodated in a new block, miners must order transactions in a way that maximizes their profit. This generally means that by setting a higher gas price, you incentivize miners to prioritize your proposed transaction, increasing the chances of it being included in a block and being executed (and not getting stuck in the pending pool). For example, during the week, Ethereum users paid an average of 6.07 GWei in gas fees to process transactions, which means they paid 0.2 GWei more than last week.

3. Transaction volume By comparing the transaction volume with the past, we can see how active the network is. The Ethereum network processed 3,614,857 transactions this week, with a transaction volume of 15,687,020 ETH. Of these transactions, over 98% were successful. This success rate indicates both efficiency and that people are using the network as intended. Most transactions fail because they run out of gas.

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Ethereum Miner Behavior

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The data below is based on reports for the week of January 20-27, 2019.

5. Mining pool payouts Here we list the number of blocks mined, the number of payout accounts (usually indicating the number of miners registered to the pool), the total rewards, and the payout amount. Over the past week, all of the top 5 mining pools appear to have reduced their mining size, both the number of blocks they mined and the number of miners participating in the pools, and ETH rewards and payouts have also declined.

7. The number of new miners joining the network Since the establishment of the Ethereum network, a total of 4,593 different miners (or miner groups) have been mining on the Ethereum network, and this week a total of 86 different miner groups have actually participated in Ethereum mining mine. For 13 of the members, this was their first time. The number of new miners cannot be accounted for in the sense of "new mining entities", which will not be reflected on-chain. However, any address that mines the first block is considered a new miner.

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Ethereum Whale Activity

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The so-called whales are those top ETH holders who can have a huge impact on the network. The flow of their funds will have a huge impact on the market price of ETH. The whale activity below is based on reports for the week of January 27 to February 3, 2019.

10. Top 1000 balance changes The top 1000 ETH holders collectively own about two-thirds of the ETH supply, and their total holdings are very stable. At present, more than 34% of the addresses have changed within a week, and more than 65% of the accounts have remained unchanged, but the total holdings have remained fairly stable.

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Ethereum contract activity

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The data below is based on reports for the week of February 3-10, 2019.

12. The most popular contract is measured by the number of transactions. The most popular Ethereum dApp is the online "spinach" platform Dice2win. In this week's data analysis, its transaction volume is more than other Ethereum dApps.0xae9b8e05c22bae74d1e8db82c4af122b18050bd414. Contract interaction This week, contract interaction accounted for nearly 80% of the Ethereum network gas usage. This bodes well for the Ethereum network and its intended use as a DAPP platform. The high proportion of the proportion proves that the application of Ethereum goes far beyond the scope of cryptocurrency. 15. The largest gas consumer this week, the largest gas consumer is

This address contract consumes 7.36% of the gas usage of the entire network, and the second largest consumer is the creation of smart contracts, which consumes 4.1% of the gas usage.

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