growthepie.xyz 🥧📏

We are a public goods data platform designed specifically for Ethereum scaling solutions to analyze fundamentals as well as more detailed blockspace usage with a curated set of categories. We also develop independent public goods trackers for Glo Dollar and Octant.

Our goal is to empower builders and users alike by providing them with a comprehensive overview of fundamental metrics, onchain data, and educational resources, to help them make informed decisions when selecting their chain to build and interact on.

We believe that real-world impact can only be achieved when people can select and use projects that fulfil their actual needs and when they know what’s out there. We achieve this through better transparency and overview of what’s happening in the Ethereum ecosystem.

The platform is and will stay free to use, striving to improve everyday through better UX and meaningful data. We do not have any VC funding or angel investment, nor do we have any subscription fee to access more data by individual users. All data can be seen and used (also via our API) free of charge. We are also completely open-source.

We also label smart contracts on Layer 2s, allowing tagging of usage type based on the Open Labels Initiative standard, which we co-founded are actively developing.

In short

Platform Capabilities:

• Fundamental Metrics and Chain Comparisons: We provide key metrics categorized into Activity, Value Locked, and Convenience.
• Economics view: We have a dedicated economics page to compare chains and their economic data, like revenue, cost, profit and margins.
• Blockspace Explorer: This tool offers a detailed overview of blockspace usage across different Layer 2 chains showing how each chain is being used.
• Smart Contract Label Overview & Suggestions: Users can view and suggest smart contract labels, contributing to the platform's community-driven aspect.
• Single Chain Metrics: Comprehensive, chain-specific pages that showcase all metrics for a particular chain.
• Public Goods Trackers: We develop and maintain several public goods trackers, like Optimism RetroFunding, Octant Epochs, and Glo Dollar holdings.

Our goals and usage of funds 🚀

• Application-specific analytics: We want to go one level deeper and enable users to analyze individual projects (labeled smart contracts) in much more detail, for example their traction on different Layer 2s, fees of using them on either, etc.

• More detailed transaction fees page: We are building on our most popular metric, and enhancing the data and transparency for our users by providing more detailed fees for transacting on the listed Layer 2s

• More convenient analytics and sharing features: We continue to improve the UX to enable better analytics of metrics and chains, comparisons and also sharing of charts and tables for your own usage

• Enhancing data with knowledge snippets: Tied with our metrics, we provide content for both developers and consumers to understand data and their specific use cases more. Also, what each of the events readable from data means for a specific Layer 2 and what this means compared to other L2 chains. Additional educational content for each metric brings data-based decision-making closer to each end-user/developer/investor.

• Development of more impact trackers: We are working on enhancing our RPGF3 Tracker, and enable the same and better information overview for other impact projects. This development is in the early stages but fits our goal to provide better metrics and usability around data, as a public goods funded project.

• Cross-reference applications/projects with their impact and funding: Since we are a public good and have lots of valuable data on projects (see goal above in this list), we aim to provide more visualizations and trackers on projects and their impact on users and the ecosystem in general. This can include OP RPGF, Gitcoin, Octant and other platforms providing data for us to visualize

• Addition of more current and upcoming chains in the Ethereum ecosystem

• Changing and maintaining infrastructure, adapting our Blockspace Explorer to Open Labels Initiative's data standard once the first version is defined

What can you do on our platform currently? 🧐

Currently, we provide a curated and easy-to-understand set of metrics for Layer 2s, focusing on 21 chains: Arbitrum One, Base, Blast, Derive, OP Mainnet, Orderly, Immutable X, Linea, Loopring, Manta Pacific, Mantle, Metis, Mode, Polygon zkEVM, Redstone, rhino, Scroll, Starknet, Taiko, zkSync Era and Zora. All data has been pulled via RPC, some has been received from data providers or is linked to other sources. However, we are changing more and more to connecting our own RPC for better data quality and reliability.

Fundamental metrics Analysis

Activity

• Daily Active Addresses: The number of unique daily addresses that interacted with a chain.

• Transaction Count: The number of daily transactions. We try to only count transactions that are executed by users/smart contracts, excluding system transactions.

• Throughput: The number of daily transactions. We try to only count transactions that are executed by users/smart contracts - no system transactions.

Value Locked

• Stablecoin Market Cap: The sum of stablecoins that are locked on the chain.

• Total Value Locked: The sum of all funds locked on the chain.

Convenience

• Transaction Costs: The median amount that is paid per transaction.

Economics page

Our Economics Page provides a comprehensive overview including table and historic charts of key financial metrics for all supported chains, including revenue, costs, profit, and margin. This allows users to gauge the economic health of the chain.

Individual Metrics

• Fees Paid by Users: The sum of fees that were paid by users of the chain in gas fees or, in the case of chains like Immutable X, the amount of fees that were paid to the protocol wallet.

• Rent Paid to L1: The gas fees paid by L2s to post transaction data & verification states onto Ethereum.

• Onchain Profit: The net profit of L2s, accounting for revenues as L2 gas fees collected and expenses as posting transaction data & verification states onto Ethereum.

• Fully Diluted Valuation: The theoretical market cap of a token if all its planned tokens (total supply) were issued at the current price.

• Market Cap: The total value of all circulating tokens, calculated by multiplying the current price of a single token by the total number of tokens in circulation.

fees.growthepie.xyz

We also have a more detailed and realtime updating fees page: https://fees.growthepie.xyz - allowing to view median and average fees, swap fees, transfer fees, transaction per second, and throughput live.

Blockspace Explorer

With one rollup launching after the other, it is hard for users to understand what’s going on in the Ethereum ecosystem. Helping to analyze blockspace changes this trajectory.

Our platform offers the following to Ethereum’s ecosystem:

• An overview of chains’ high-level blockspace usage. All expressed in shares of a chain’s total blockspace. In simple words: For which purpose are these Layers 2s built and what do people do with them?

• A comparison for available Layer 2s for their usage in specific categories, ranging from NFT, Token Transfers to Socials applications. For each of these and more categories, we have a set of subcategories that allow you to filter in more detail and compare which category is more used on which chain.

• For each category/subcategory, users can see the most-used smart contracts ranked in a table and make sense of how the chain is being used

Smart Contract Labeling based Open Labels Initiative (OLI) standard

In order to ensure that people can make sense of all these Ethereum scaling solutions, we need to label smart contracts, i.e. projects that launch on the respective Layer 2s or Layer 3s. Currently, we label smart contracts ourselves. This is a huge effort, as every smart contract that is deployed needs to be researched, labeled, and verified. For this reason, we are building the Open Labels Initiative as one of the founding members, together with other contributors. This initiative aims to tackle the issue of isolated and non-standardized contract and wallet labeling datasets within the blockchain data community. By introducing a standardized data model for smart contract and wallet labels we advocate for the consolidation into a single, universally accessible data structure utilized by various data providers. Additionally, we also aim to function as an aggregator for labeling tools (i.e. automated ERC detection, activity tagging, etc.). All smart contracts that we labeled can be used by any third party for their own analysis or database.

labels.growthepie.xyz

We recently launched our new labels page, dedicated to showcasing all labels on supported Layer 2 chains: https://labels.growthepie.xyz

Users have the ability to filter down by chain, categories, subcategories as well as individual projects and types of contracts. Sorting by Transaction Count, Activity, etc. can also help identify new and exciting contracts/projects as well.

Smart Contract Label Suggestions

On our main platform users can already participate! Suggest smart contract labels and become an essential part of the pie. We will work on this feature to enable more community-based and open-source smart contract labeling.

Single Chain Metrics All-in-One

You can compare chains amongst each other with all the metrics mentioned. Additionally, you have chain-specific pages that allow you to have a glance at all metrics for a chain at once.

Retroactive Public Goods Fund Tracker

In addition to aggregating data and providing fundamental metrics, we tracked projects and their impact for Optimism’s RPGF3 as well as Octant Epoch 3 & 4. This was the start of tracking impact for projects and providing transparency and overview of their achievements and previous funding.

Additionally, we worked with Glo Dollar to design a tracker for the main platform to showcase the Glo Dollar holders and spread the word about the stablecoin that funds public goods.

What funding have we received so far and how are we funded in the future? 💰

• Ethereum Foundation Layer 2 Community Grants: USD ~79k
• Ethereum Foundation Data Collection Grant 1: USD 30k (not fully paid yet)
• Ethereum Foundation Data Collection Grant 2 (for Open Labels Initiative): USD 100k (not fully paid yet)
• Optimism Builders grant: 35k OP (locked until August 2024)
• Gitcoin GG18/GG19: USD ~2500
• Gitcoin Arbitrum Funding Fest: ~800 ARB
• Optimism RPGF3: ~76400 OP
• Gitcoin GG20: ~ $3,600 from donations and matching pool
• Giveth: ~ $250
• New OP Builders Grants secured: 50,000 OP and 20,000 OP locked until end of 2025
• Octant Epoch 3: ~ 52 ETH
• Octant Epoch 4: ~ 1.14 ETH
• Gitcoin GG21 + Web3 Ecosystem Advancement: ~ $2500
• Giveth GIV-ARB: ~ $2700
• Gitcoin Octant Round 1: ~0.89 ETH
• Gitcoin Metis QF round: ~144 METIS
• Gitcoin GG22: ~ $17000

The team (brief intro of each member) 👥

• Matthias: Started to work in the blockchain/EVM space 5 years ago with his master thesis on the “Implementation of blockchain-based local energy markets”. He worked on grants for projects like Uniswap, starting growthepie.xyz as an Ethereum Foundation grant, and now also working for a crypto fund - supporting on the data due dilligence side of things.
• Manish: With a solid background in software engineering, Manish has hands-on experience in developing user-friendly applications and working with blockchain technologies, as evidenced by his work on DogeAPI, a cryptocurrency payment platform.
• Tobias: Background in product design as well as education & training for innovation and Design Thinking, for example designing and delivering educational courses for founders for Tech Open Air Berlin.
• Mike: Recent graduate and very skilled full-stack developer, currently mostly working on frontend related tasks.
• Lorenz: Student at RWTH Aachen University and founder of the Aachen Blockchain Club. His extensive knowledge about blockchain technology is of great value and he supports us with research and data related tasks.
• Nader: Student at TUM Munich and another very skilled full-stack dev. Currently, mostly supporting on backend topics like data aggregation and database management. He’s worked on several crypto projects before growthepie.xyz and is very skilled in extracting information from bytecode.
• Ahoura: Another FH Aachen student and member of the blockchain club there. He was previously active in the Cosmos ecosystem but he’s learning more and more about Ethereum’s scaling solutions. He supports mainly with regards to social media and content creation.
• ETH Wave: Our newest member of the team. He has shown great data analysis on his own social media and always building solutions to spread the word about the Ethereum ecosystem and make data transparent.

More about the team on our Contributors page.

How do I reach growthepie.xyz? 🌐

Visit our platform growthepie.xyz to enjoy our current set of metrics and single chain analysis. 📈 Follow us on Twitter 🐦, Farcaster and/or Lens. Please also join our Discord 💬 and engage in conversations or ask us any question you might have. We are fully open source, so also check out our Github page. 💻