Emre ⚡ Profile picture
Aug 3 10 tweets 5 min read
1/ Over 44 MILLION contracts have been deployed to @ethereum since genesis 🤯

I analyzed all 44M using @InsightsFlow so you don’t have to.

Turns out, 70% of live contracts (~15M) are copies from one of 15 templates.

🧵 Here’s a breakdown of the dominant contract codes Image
2/ Destroyed contracts 💀

🏷️ ~50% of ALL contracts (~22M)

More 'anti-code' than code, but what does this mean? It means 'self-destruct' was called on the contract, removing all bytecode.

My guess is gas is to save gas ⛽ (see below)
3/ Gas Token contracts

🏷️ ~10% of live contracts (~2M)

To disincentivize state bloat, EVM refunds gas to a user for destroying a contract. This resulted in users deploying empty contracts when gas prices were low & destroying when high, for a quick refund 🎰.

h/t @n2ckchong
4/ Forwarders

🏷️ ~50%+ of live contracts (~12M)

These are contracts deployed by exchanges as sth like a PO box for users. Gives user an address, custodied by exchange & allows exchange to collect ETH/ERC20s sent to user.

Often include various safety and batch tx mechanisms
5/ OwnableDelegateProxy

🏷️ ~0.5% of live contracts (~1M)

Created by @WyvernProtocol w/ @opensea as the biggest deployer. Deprecated but is essentially a "wallet-contract" created for selling NFTs (1 per wallet per collection)

(h/t @garythung, @M57C)
6/ DSProxy

🏷️ ~0.1% of live contracts (~200k)

Created by @dapphub, can be considered a smart contract wallet. Common use case is to exec multiple actions in 1 tx (not possible w/ regular wallet)

- Draw collateral from @MakerDAO vault > sell 4 DAI > pay back debt
7/ ENS Deeds

🏷️ ~0.7% of live contracts (~150k)

@ensdomains' deed contract was also in the top25, with over ~150k contracts.

These were created as part of the old ens domain registration mechanism, but are no longer in use.
8/ What about ERC20s, NFTS?

They didn't make the list! 😮

This is not to say they aren't popular, but there is enough variation in their code making them not _exactly_ the same.

Hint: there are over 400k ERC20s - stay tuned for a Part 2
9/ Like the thread and/or want to see a part 2 going over ERC20/721s?

Help me out by:

→ giving me a follow at @n4motto for more insights on everything Web3

→ Hitting that like/retweet button on the first tweet for distro!

correction: 1 OwnableDelegateProxy is created for each seller*

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More from @n4motto

Jun 8
1/ DAO governance activity is exploding 💥. In the last year, we have seen:

• 8.8x in # of DAOs
• 8.5x in # of proposals
• 8.3x in # of votes

🧵 Here are 10+ key insights from @SnapshotLabs data on DAO governance
2/ DAOs have grown more than 8x in the past year, from 700 to 6000+ (excl. DAOs w/o proposals).

How long did it take to get here?
-0->1k: 1 year
-1k->2k: 3 months
-2k->4k: 2 months
-4k->6k: 6 months

Slowing but still impressive! What caused that spike on Nov '21 tho? Hint: 📜
3/ @ConstitutionDAO was a pivotal moment for DAOs and the data shows it.

We have over 2x new proposals since then!

It also inspired new governooors, with similar DAOs forming like @LinksDAO & @KrauseHouseDAO. Would ❤️ some momentum for an EPL DA⚽️.

Read 19 tweets

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