The slide deck used on our latest Coindesk webinar. Agenda ●Ethereum & transaction volume ●Several perspectives of Ethereum transactions ●4 recent trends influencing Ethereum transaction activity

1. Ethereum Value &
Transaction Volume

2. Analytics Unit: Traction
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3. Agenda
● Ethereum & transaction volume
● Several perspectives of Ethereum transactions
● 4 recent trends influencing Ethereum
transaction activity

4. 4
Transaction activity and volume are key
indicators of the health of the Ethereum
network...

5. 5
But not all Ethereum transactions are
created equal…

6. Different perspectives to analyze
Ethereum transaction activity and
volume…

7. 7
A visual journey through Ethereum
transaction volumes…

8. 8
Transactions of 6 Ethereum Blocks: 2018

9. 9
Transactions of 6 Ethereum Blocks: 2019

10. 10
Transactions of 6 Ethereum Blocks: 2020

11. 11
Different Dimensions to Understand Ethereum
Transactions
Volume
Size
EntityGeography
Frequency
Cost

12. 12
VOLUME
The number of transactions is becoming a
strong indicator of the momentum in
Ethereum

13. 13
Variations in Number of Transactions and Prices are
Getting Less Correlated Which is a Healthy Sign
R-squared for ETH’s Price vs. Number of Transactions
2017 2018 2019 2020*
0.910 0.709 0.581 0.579

14. 14
SIZE
Large transactions are a sign of
confidence in Ethereum

15. 15
ETH Transactions Over $100K is at a Near 52 Week High

16. 16
Also By Volume

17. 17
Ethereum Avg Transaction Size Has Been Growing
Steadily

18. 18
ENTITY
Ethereum transactions in and out of
exchanges are indicators of liquidity, risk and
activity in centralized exchanges…

19. 19
Ethereum Inflows and Outflows in Centralized Exchanges
Behave Very Symmetrically

20. 20
A Deviation from that Pattern Reveals Anomalies

21. 21
GEOGRAPHY
Transaction’s origin can highlight important
patterns in Ethereum adoption

22. 22
There is a Solid Balance Between Ethereum Transactions
in Asia vs. The Rest of the World

23. 23
FREQUENCY
Transactions from addresses that trade
frequently should be evaluated differently
than transactions from long-term holders….

24. 24
Ethereum Addresses Trading Actively Has Been Growing
Steadily

25. 25
COST
Fees are Both a Friction Point and a Direct
Indicator of Ethereum Transaction Activity

26. 26
Ethereum Fees Have Been Highly Influenced by the DeFi
Boom

27. Some non-obvious ideas
about Ethereum onchain
transaction activity….

28. 28
Some Important Things to Remember When Evaluating
Ethereum OnChain Transaction Data
Onchain Transaction Volume is not a Predictor of Price
Ethereum price mostly dependent on activity in centralized exchanges
Context Matter
Type of transaction, protocol, wallet type, etc. are aspects that help qualify transactions
Ethereum 2 will Change Things
PoS and other architecture changes should influence the way we analyze onchain
transaction activity

29. Some trends influencing Ethereum
transaction activity …

30. 30
4 Influential Trends
DeFi Stablecoins
ChainLink CHI Token

31. 31
DeFi has been an amazing catalyzer to
Ethereum adoption...

32. 32
Bitcoin Holders Continue Getting Into DeFi

33. 33
The Activity in UniSwap’s WBTC-ETH Has Been Very
Healthy

34. 34
Activity in Ethereum-based
stablecoins has skyrocketed…

35. 35
USDT Transactions in Ethereum Have Been Growing
Consistently

36. 36
Asian Countries Dominate USDT Transactions

37. 37
Stablecoins Transactions are a Key Component of the DeFi
Ecosystem

38. 38
ChainLink has enjoyed a
spectacular bull run within the
Ethereum’s large cap tokens…

39. 39
LINK Transaction Volumes has Grown 8x this Year

40. 40
CHI Gastoken has become a favorite of
DeFi traders and protocols…

41. 41
LINK Transaction Volumes has Grown 8x this Year

42. 42
An Important Percentage of Gas Transactions Use CHI

43. 43
● Transaction activity is a fundamental indicator of the health of the
Ethereum network
● There are different perspectives to analyze Ethereum transaction data:
volume, size, frequency, geography, entity,
● Some notable factors that have influenced the growth in Ethereum
transaction include DeFi, stablecoins, ChainLink and the CHI token
Summary

44. INTRODUCING
Jesus Rodriguez
jr@intotheblock.io
medium.com/@jrodthoughts
intotheblock.com
Thank You!