Tracking The Sandbox’s Blockchain Economy Through Nearly 5 Million Transactions

This study analyzes nearly 5 million Ethereum transactions tied to The Sandbox to understand how the GameFi ecosystem behaves on-chain. Using network graph analysis and the Bow-Tie model, the research examines how users, whales, brand partnerships, and scandals influence transaction activity and network structure. By tracking transaction flows, value transfers, and whale behavior across different network partitions, the analysis reveals how external events shape participation and economic activity within The Sandbox metaverse.