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

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.

Interpretation of this information:

Nansen, a blockchain analysis company, released data on the on-chain contract log and intra-entity transaction share of Arbitrum One since its establishment on March 18. The data showed that GMX accounted for approximately 22% of the total transactions, making it the highest, followed by Treature, SushiSwap, Uniswap, and Hop Protocol. However, Nansen emphasized that the on-chain contract log and intra-entity transaction share are just one aspect of the activities of DAO on the Arbitrum chain and are not the sole input points for ARB token airdrop allocation.

The data released by Nansen provides insights into the activities of DAO on the Arbitrum chain. The GMX has generated the most transactions, which may suggest that it is the most active and popular project on the platform. However, it is worth noting that this data does not necessarily imply that GMX is the most successful project in terms of profitability or adoption. The other projects listed in the top five, such as Treature, SushiSwap, Uniswap, and Hop Protocol, are also performing well and contributing significantly to the DAO ecosystem.

The release of this data reveals the importance of transparency in the blockchain industry. As more companies and investors adopt blockchain technology, it is crucial to have a clear understanding of the activities and transactions happening on the platform. This will enable investors to make informed decisions and help companies to identify areas of improvement and potential opportunities.

It is essential to note that the on-chain contract log and intra-entity transaction share are only part of the many indicators related to the activities of DAO on the Arbitrum chain. This data is not the only input point for ARB token airdrop allocation, which means that other factors are considered when allocating tokens. Hence, it is vital to understand that these data points are not the only measure of success for projects on the Arbitrum chain.

In summary, the release of the on-chain contract log and intra-entity transaction share data by Nansen provides insights into the activities on the Arbitrum chain. GMX accounted for the highest transaction share, followed by Treature, SushiSwap, Uniswap, and Hop Protocol. However, this data is just one aspect of the activities of DAO on the Arbitrum chain and should not be the sole focus of token distribution. Transparency in the blockchain industry is crucial in making informed decisions and identifying potential opportunities.