Comparison of Ethereum, Polygon and Arbitrum Networks using On-chain Analysis of Wrapped Ether (WETH)​

This article analyses the Wrapped Ether(WETH) token in the Ethereum, Polygon (formerly recognized as the Matic Network), and Arbitrum networks from April 2023 to March 2024. We observe the involvement of WETH across different chains by determining the number of senders, receivers, transactions, and transfers in each network. Furthermore, we investigate the top trading pools of WETH in the Ethereum and Polygon networks, using the total number of trades and trade volume of WETH from April 2023 to March 2024.