PulseChain Stats & Analytics

PulseChain is a blockchain network that is a full-state fork of the Ethereum blockchain. It aims to improve Ethereum's scalability by reducing gas costs and minimizing congestion. PulseChain was created by Richard Heart, the founder of HEX cryptocurrency, and was launched on May 13, 2023. During the hard fork, every aspect of the Ethereum network, including tokens, liquidity pools, NFTs, and smart contracts, was copied to PulseChain.

PulseChain uses a consensus mechanism known as Proof of Stake (PoS) to validate transactions and create new blocks. Under PoS:

• Users need at least 32 million PLS to become a validator.
• Validators, sometimes known as "stakers," are responsible for processing transactions, storing data and adding blocks to the Beacon Chain.
• Validators receive interest on their staked coins, which are denominated in PLS tokens, as a reward for their active participation in the network.

Validators are assigned to produce blocks at random and are accountable for double-checking and confirming any blocks they do not make. The stake of the user is also used to incentivize positive validator activity. For example, a validator may lose a portion of their share if they go offline (fail to validate) or lose their entire investment if they engage in willful collusion.

PulseChain, at its core, operates on an inflationary model. The native coin, PLS, is inflationary in nature, meaning that its supply increases over time. This inflation occurs as a mechanism to reward the validators of the network for their contributions and efforts in maintaining and securing the network. In other words, new PLS tokens are created and issued to validators as compensation for their work.

However, due to the EIP1559 implementation, PLS used as a base transaction fee is permanently burned. This means, with high transaction volume, the PLS burned can surpass the amount issued, making it net deflationary. Essentially, while PLS is generated as a reward, its unique burning mechanism can lead to an overall decrease in its supply under the right conditions.

• Inflationary: When a validator successfully verifies and adds a new block to the blockchain, they are rewarded with newly minted PLS tokens. This increases the total supply of PLS in circulation, representing the inflationary aspect.
• Deflationary: If the PulseChain network sees a surge in transactions, with many users sending and receiving PLS, interacting with contracts etc., a portion of the PLS used as base transaction fees during this surge would be burned and permanently removed from circulation. If the amount of PLS burned in this manner exceeds the newly minted rewards given to validators, the overall supply of PLS would decrease, showcasing its deflationary potential.

The "PulseChain Supply Module" provides information on the current token issuance as well as the amount of tokens that were burned. The Supply growth chart gives an easy metric to assess if PulseChain tokens are inflating or deflating based on a given time period.

The Supply section visualizes the total supply of the native PulseChain token PLS as well as the issued and burned PLS tokens for a given time period. The Supply growth gauge indicates if PLS tokens are inflationary or deflationary for a given time period.

The "Gas Explorer" visualizes the gas prices for different types of transactions over time. You can view the gas costs for sending PRC20, sending PLS, and executing PulseX Swaps. The graph also provides insights into the base fees and the overall gas market within the PulseChain network.

Spikes in the gas graph represent times of heightened network activity, which might be due to a surge in transactions, large-scale DApps operations, or other significant events on the PulseChain network.

The "Gas Streak" measures how long PulseChain has been net-deflationary: the time since the most recent reading in which validators minted at least as much PLS as transaction fees burned. It is read from the same issuance and burn series the Supply and Burn sections use, over the timeframe selected in the Gas Explorer.

It reads "0 seconds" whenever the latest comparable reading minted more PLS than it burned. Burning only overtakes issuance while the network is busy enough to push EIP1559 base fees up, so the streak sits at zero outside those periods. A number greater than zero means the burn has stayed ahead of issuance for that long. A "≥" prefix means every reading in the selected timeframe was deflationary, so the streak began before the timeframe starts, and a dash means no reading in the window carries both an issuance and a burn figure to compare.

No, the burn rates and gas fees can fluctuate based on network demand and activity. Factors such as network congestion, transaction volume, and DApp operations can influence these rates.

"Beats" are the unit PulseChain gas prices are quoted in — 1 beat = 10⁻⁹ PLS, the same as gwei on Ethereum. The Gas Market section provides the average, minimum, and maximum beats observed over the chosen timeframe, giving users a sense of the overall network activity.

The "Burn" section displays data on the total amount of PLS tokens that have been burned over time. It provides metrics like the total PLS burned, the burn rate, and an issuance offset. Additionally, it lists burn records for specific blocks, detailing the amount of PLS burned and the corresponding gas used.

The "Issuance Offset" represents the ratio of newly issued PLS tokens to burned PLS tokens. A higher offset indicates more tokens are being issued than burned.

Here is the formula for the token issuance offset:

Issued Tokens / Burned Tokens = Issuance Offset

This page's data comes from the PulseCoinList API, which reads the PulseChain blockchain. Figures refresh as new blocks are indexed, so the latest values may briefly lag the chain.