Blockchains are a data analyst’s dream. Transparent, available, and consistently cranking out new numbers to crunch. xDai has relied on monitoring tools since the beginning to track node performance and network usage.
Anyblock Analytics, a blockchain data platform and xDai network validator, has created several useful dashboards to explore the xDai ecosystem, and they released new versions this week. The xDai Dune Analytics integration continues to provide data exploration opportunities as we uncover new insights and trends.
When taken together, a picture of high usage, increasing adoption, and endless potential emerges. Let’s take a closer look at some data*!
*Data screenshots September 23, 2021.
xDai Usage
CryptoFees.info provides useful info on transaction fee collection for various projects and protocols. Transaction fees collected over a 3-day period hit a high in September.
AnyBlock Analytics recently unveiled several new dashboards for exploring xDai. The Network dashboard shows transaction activity and gas volume on an upward trend with over 9M transactions on xDai in August 2021.
The xDai Usage Dune Analytics dashboard has a wealth of information about transactions, accounts, gas usage and more. Transaction details for the past month show a robust ecosystem with lots of activity.
Bridge Statistics
Bridges are the key infrastructure enabling scalability and interoperability within the broader Ethereum ecosystem. Ethereum community member @eliasimos created a Dune Analytics dashboard to highlight bridge statistics across protocols. Amongst competing scaling solutions, xDai has a healthy amount of high-quality assets (90M+) bridged from Ethereum. TVL of all assets locked in bridges is much higher (500M+ as shown in BlockScout), but @eliasimos only includes a select group of assets.
Dune Analytics dashboards have also been created by @maxaleks for both the xDai Bridge and the Omnibridge. Here we see bridging by amounts on xDai, painting an interesting picture of usage by a diverse group.
With Omnibridge, accounts using the bridge continue to grow.
Staking & Consensus
The Dune Analytics staking dashboard covers both staking on Ethereum (EasyStaking) and staking on xDai with POSDAO consensus. Close to 2M STAKE is now protecting the protocol through supply reduction and PoS consensus.
With POSDAO, validators selected to a staking epoch take turns sealing blocks. This graph from the xDai Usage dashboard is a rainbow of equitable distribution.
Project-based Stats
Drilling down into stats by project can provide additional insights. Many DeFi projects provide general analytics within their platforms. DeFi Lama compiles these stats across the board related to decentralized finance applications on xDai.
In addition, the xDai team has created Dune dashboards for various applications including Curve Finance and Tornado Cash. These apps are relatively new to the ecosystem and it will be interesting to see how usage grows over time.
The NFT Dune Analytics Dashboard shows increasing usage and adoption, with current dominance by POAP which has minted over 1M POAPs on xDai. The orange segments represent DarkForest Rounds where NFTs abound in the DF universe.
September 24 Weekly Highlights
Data breakdowns by MakerGrowth and revamped dashboards from AnyBlock Analytics inspired this data-driven weekly update!
Crypto Stamp 3.1 presale from the Austrian Post went live on Wednesday and there are still some available! Presale stamps are less than $12 xDai out the door.
Frame wallet’s latest release supports the xDai chain. Frame is a DApp gateway wallet similar to MetaMask, but better in many ways. It’s a fresh experience, one with working hardware wallet support, web2 interactivity, and a fast and smooth UI. Easter Egg: Enable Frame and visit Crypto Twitter, then hover over a username with .eth for a surprise!
Gitcoin Grants Round 11 wrapped up with over 1.6M raised by the community for Ethereum ecosystem projects. The BlockScout team received close to 2000 individual donations, showing that this flagship open-source explorer is appreciated and needed! Look for more BlockScout development updates soon.
Protocol Updates
The Stake Beacon Chain is an exciting protocol in development by the team. It is currently undergoing a security audit. Look for more details soon on how to use and become a validator with only 32 STAKE! Read more.
A community-initiated branding refresh is underway for both xDai and Stake. The xDai faithful have been voicing their opinions and ideas in Discord, and we appreciate our passionate community! The goal is to present the xDai network and the STAKE token in a way that will attract and educate new users, community members, and projects interested in a stable scalability. We all know this network and its users are special, and we understand the need to get that message out to a wider audience! Thanks for bearing with us - we are excited to share some results in the coming weeks.