2 posts tagged with "arbitrum"

In our last post, we provided a snapshot on the open source software projects building on Arbitrum. In this post, we will apply a series of experimental impact metrics to identify positive growth and network contribution trends across a cohort of more than 300 major projects on Arbitrum.

We believe impact metrics such as these are instrumental in helping the Arbitrum DAO better design incentives and allocate capital across its ecosystem. The metrics we've included are all derived from both onchain and off-chain project data. They include well-established crypto indicators like active users, sequencer fees, and transaction counts as well as common OSS metrics like full-time active developers, issues closed, and new contributors.

The real value, however, lies in combining simple metrics in novel ways to filter and benchmark projects' contributions. We introduce four "impact pools" that can assist with this type of analysis. The pools are:

• Sustainable user growth: projects that not only bring large numbers of active users to the network but also retain and connect them easily to other dapps
• Developer growth: projects with the most developer activity and new contributors to its GitHub repos in recent months
• Blockspace demand: projects with the most transactions and sequencer fee contributions
• Momentum: projects with a mix of positive developer and onchain user trends

We are excited to present our inaugural report on the state of open source software (OSS) projects building on Arbitrum. This analysis is the first in a series aimed at providing the community with data and insights to assist with impact measurement and grantmaking.

Some highlights:

1. We are currently tracking over 300 OSS projects and over 13,000 code artifacts that are making an impact on the Arbitrum ecosystem. These artifacts include both GitHub repos (~10,000) and smart contracts deployed on Arbitrum One (~3,000).
2. Approximately 1,800 developers are actively engaged in these projects. This number aligns closely with the latest Electric Capital Developer Report. Our analysis, however, incorporates an additional 94 projects not currently captured in their registry.
3. The number of active developers is 18% lower than the peak of around 2,200 in March 2023. It's important to note, however, that this reduction is primarily concentrated in a few projects rather than a general decline across the ecosystem. In fact, the majority of projects have maintained a stable developer count over the past year.