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A Big Data Analysis of the Ethereum Network: from Blockchain to Google Trends

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  • Dorsa Mohammadi Arezooji

Abstract

First, a big data analysis of the transactions and smart contracts made on the Ethereum blockchain is performed, revealing interesting trends in motion. Next, these trends are compared with the public's interest in Ether and Bitcoin, measured by the volume of online searches. An analysis of the crypto prices and search trends suggests the existence of big players (and not the regular users), manipulating the market after a drop in prices. Lastly, a cross-correlation study of crypto prices and search trends reveals the pairs providing more accurate and timely predictions of Ether prices.

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  • Dorsa Mohammadi Arezooji, 2021. "A Big Data Analysis of the Ethereum Network: from Blockchain to Google Trends," Papers 2104.01764, arXiv.org.
    • Handle: RePEc:arx:papers:2104.01764
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    File URL: http://arxiv.org/pdf/2104.01764
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    References listed on IDEAS

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    1. Niu, Baozhuang & Mu, Zihao & Cao, Bin & Gao, Jie, 2021. "Should multinational firms implement blockchain to provide quality verification?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 145(C).
    2. Nachiappan Subramanian & Atanu Chaudhuri & Yaşanur Kayıkcı, 2020. "Blockchain and Supply Chain Logistics," Springer Books, Springer, number 978-3-030-47531-4, September.
    3. Grilli, Ruggero & Tedeschi, Gabriele & Gallegati, Mauro, 2020. "Business fluctuations in a behavioral switching model: Gridlock effects and credit crunch phenomena in financial networks," Journal of Economic Dynamics and Control, Elsevier, vol. 114(C).
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    1. Nirmalya Thakur & Shuqi Cui & Kesha A. Patel & Isabella Hall & Yuvraj Nihal Duggal, 2023. "A Large-Scale Dataset of Search Interests Related to Disease X Originating from Different Geographic Regions," Data, MDPI, vol. 8(11), pages 1-24, October.

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