Tazmina Rashid
Research Analyst
Last Updated:
October 31, 2024
•
4 mins
DeFi Analytics 31st October 24
This week's edition of our Crypto DeFi Analytics, October saw stable Beacon Chain balances as withdrawals matched deposits, while Ethereum’s on-chain activity slowed alongside a range-bound spot. On October 28, Solana’s gas fee generation exceeded Ethereum's, collecting $2.54M to Ethereum's $2.07M. Blob gas usage on Ethereum peaked, with excess blob gas spiking past 50M. DeFi activity shifted, reflected in Uniswap V3 transactions on Arbitrum and liquidations across Aave and Compound.
Beacon Chain
Cumulative Beacon Chain Deposits
Beacon Chain - October withdrawals aligned with deposits, resulting in relatively unchanged month-over-month Beacon Chain Balance.
Beacon Chain Deposits and Withdrawals
Ethereum Gas Market
ETH Gas Fees - A downtrend in on-chain activity on Ethereum can be noted over the previous week as ETH Spot remains range bound. On Oct 28th, Solana outperformed Ethereum in gas fee generation, collecting over $2.54 million compared to Ethereum's $2.07 million.
Hourly Average Gas Fees Burnt per Block
Hourly Average Cost to Transfer ETH (21,000 Gas)
ETH Blob Gas - Average blob gas usage has increased steadily reaching a month high of over 500k on Oct 28th. Excess Blob gas has also spiked over the past 2 weeks with significant surges passing 50M at their peaks.
Hourly Average Blob Gas Usage per Ethereum Block
Hourly Average Excess Blob Gas per Ethereum Block
Uniswap V3
Uniswap V3 Hourly Volumes
Uniswap V3 Hourly Transaction Count
Liquidations
Aggregate Liquidations across Aave & Compound
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