Author: CASEY
Source: CASEY's Twitter
Interpreting the consumption of Gas fees can tell us many stories, including the rise of decentralized exchanges and the process of capital transfer from DeFi to NFT.
Twitter user CASEY used the analysis tool Nansen to deeply analyze the gas fee expenditure and obtained some interesting findings.
Gas consumption
In 2022, MEV Seekers ranks among the top ten Gas spending contracts for the first time.
MEV, Miner Extractable Value, is a measure of the profit a miner (or validator, orderer, etc.) can earn through the ability to arbitrarily include, exclude, or reorder transactions within the blocks they produce.
The Gas fee paid by Tether reached an all-time high in DeFi Summer, and will continue to pay high Gas fees in 2021/2022. As can be seen from the figure below, during the same period, USDC’s gas fee consumption was much lower than that of Tether.
Catalyzed by SNX and Chainlink, liquidity mining moved to protocols such as Compound, Sushi (the first real vampire attack), Curve, etc.
From 2019 to 2021, DeFi for liquidity mining has grown by multiple orders of magnitude.
Uniswap has gradually risen in 2020, grabbing a lot of market share from the first generation of decentralized exchanges and oracles.
So far, the main gas consumption categories in 2022:
Compared with previous years, the new breakthroughs are Layer 2/sidechains, identity, games, and cross-chain bridges.
Contracts that consume the most Gas in 2022 so far:
Analyzing the consumption of Gas allows us to understand the development status and trends of the industry from another angle. I hope the above data is helpful to everyone.
Hamster Kombat, a Telegram game, has surged to 100 million players with its tap-to-earn mechanics, backed by a massive social media following. Its potential token airdrop and TON blockchain partnership fuel excitement, despite debates over coin accumulation strategies and comparisons to Tapswap.
WeatherlyIn March this year, Wormhole distributed a large number of W tokens to users, protocol communities, and specific NFTs, sparking widespread discussion. Recently, Wormhole launched a staking plan, causing the previously stagnant token price to surge and then plummet. What is the reason behind this?
AlexLayer 2 solution zkSync announced its airdrop criteria and launched an airdrop query website today, sparking widespread discussion in the community. The airdrop allocation amounts to 17.5% of the total supply, with a single address able to receive up to 100,000 ZK tokens.
MiyukiAs BTCFi continues to develop, the cross-chain yield protocol Solv Protocol is rapidly emerging. Besides securing investment from Binance, its TVL has increased by 40% in the past month, now ranking as the 27th largest protocol. Solv Protocol allows users to stake Bitcoin to obtain liquidity yield tokens SolvBTC and earn project points. What other interactive methods are included in the Solv ecosystem?
WeiliangThe Artificial Superintelligence Alliance has postponed its token merger, while Apple's entry into generative AI received a lukewarm investor response. AI crypto tokens, which saw gains earlier this year, have dropped by 7.8% in the last 24 hours. Will AI tokens continue to bleed red?
CatherineTap-to-earn games on Telegram, like Notcoin and Hamster Kombat, offer a gateway to crypto for mainstream users, with millions already engaged. While Notcoin faces uncertainty due to its lack of a whitepaper, Hamster Kombat's rapid growth and innovative features position it as a formidable contender for long-term success in the crypto gaming space.
JoyChinese leader has replied to Turing Award winner Professor Yao Qizhi, with insiders stating that he is preparing an AI and blockchain venture capital fund.
AlexChairman of the Financial Supervisory Commission (FSC), Huang Tien-mu, attended a special session at the Legislative Yuan today and for the first time clearly disclosed the timeline for the formulation of a special law for virtual assets. He stated that the FSC will gradually regulate virtual assets in four phases, ultimately moving towards the establishment of a special law for virtual asset management. The draft of this law is expected to be completed by the end of December this year and submitted to the Executive Yuan by June next year.
MiyukiBitcoin mining company Bitfarms announced on June 10 that its board of directors has approved a Shareholder Rights Plan to fend off a hostile takeover by its competitor Riot Platforms.
WeiliangSources indicate that Biden's campaign team is in discussions to accept cryptocurrency donations through Coinbase Commerce.
Alex