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Nansen Releases On-Chain Data of Arbitrum One

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Nansen Releases On-Chain Data of Arbitrum One

On March 18, a blockchain analysis company, Nansen, released the on-chain contract log and intraentity transaction share data since the establishment of Arbitrum One. It was shown that GMX accounted for approximately 22% of the total transactions, ranking the first, with Treature (19%), SushiSwap (9%), Uniswap (6%), and Hop Protocol (5%) ranking the second to fifth. Nansen clarified that regarding ARB airdrops allocated to the community, the on-chain contract log and intra-entity transaction share are only one of many indicators related to the activities of DAO on the Arbitrum chain, and are not the only input points for ARB token airdrops allocation.

Nansen: Since the establishment of Arbitrum One, GMX has had the highest share of contract logs and intra entity transactions of approximately 22%

Analysis based on this information:


Nansen, a blockchain analysis company, recently released the on-chain data of Arbitrum One, which included the contract log and intraentity transaction share data since its establishment. The data gave valuable insights into the transaction patterns of various decentralized applications (dApps) that are currently using Arbitrum One.

According to the data, GMX accounted for approximately 22% of the total transactions, ranking first among all the dApps on the network. This was followed by Treazure (19%), SushiSwap (9%), Uniswap (6%), and Hop Protocol (5%). The data also revealed that transactions on the Arbitrum network have been steadily increasing, indicating a growing interest in the platform.

However, Nansen was quick to point out that the on-chain contract log and intra-entity transaction share are only one of the many indicators related to the activities of DAOs on the Arbitrum chain. The company clarified that these data points are not the only input points for ARB token airdrops allocation. This statement is essential because airdrops are a way of distributing tokens to community members or incentivizing participation in certain activities. Therefore, it is critical to have a holistic understanding of the community’s overall participation in the network and not just rely on specific transaction data.

In conclusion, Nansen’s release of on-chain data of Arbitrum One provides valuable insights into the platform’s transaction patterns and highlights the growing interest in the dApps using the network. However, it is essential to remember that these data points are not the only factors that determine ARB token airdrop allocation. Leaders of DAOs on the network should consider the overall participation and activity of their communities while distributing their tokens.

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