Introduction

Optimism is a scaling solution for Ethereum's Layer 2 that is able to accommodate all of Ethereum's decentralized applications. Optimism was developed by the Ethereum Foundation (Dapps). Optimism simultaneously reduces the expenses that are connected with each individual transaction while simultaneously increasing the number of transactions that can be executed by Ethereum in a single second. To achieve this, computations are performed off-chain rather than on the Ethereum network, which is where they would normally be carried out if they were to be performed there.

Method

Due to the lack of an accurate Swap table for Optimism, our search procedure for DEXs on Optimism presented some difficulties. So, I had to do some table-hopping and end up making my own database.

Therefore, I used optimism.core.fact event logs to collect all tx hashes with the word "Swap" in the event name. As a DEX label filter, I consulted the DIM contract table.

All Dexs by the DIM label eluded me. Therefore, I updated my DIM table with the names of certain well-known DEXs. Despite my best efforts, I was unable to locate any information about 1inch or any other DEX in the Flipside tables.

Right now I have ==Ziswap==, ==0x==, ==Uniswap==, ==Balancer==, and ==Velodrome==.

Then, I had to track down the initial token and final sum. My initial attempt at using the Fact event logs table involved setting origin from address = event inputs: from and selecting my discovering tx. All actions taken are displayed in the end outcome. Once again, I used the Fact event label and set the origin from address to event inputs:to. There are also To-dos on the books now. Token's identity was the very last thing I required at the time. So far, so good. Token names were extracted from DIM labels once I linked my findings to DIM. I began analyzing my data by entering optimism DEXs into a special table I made.

All of the charts in this panel are for the past 30 days, and they cover the ==0x== Platform, the ==Velodrome==, the ==Balancer==, the ==Zipswap==, and the ==Uniswap==.

Analysis

An Overall View of mentioned platform on Optimism Network

Conclusion

• In the past thirty days, there has been a surge of more than one hundred percent in both the number of users and the number of trades that have taken place on the ==Optimism== chain.
• The velodrome is an essential part of the procedure that is being used to increase the number of bets that are being put on the positive outlook. At the beginning of the month, the market share was somewhere ==between 30 and 35percent==; but, by the time the month was up, it had climbed to anywhere ==between 60 and 70 percent==.
• A number of ==Uniswap== users have made the decision to stop utilizing the service. There have been approximately 5,000 transactions carried out on Velodrome by users of the Uniswap platform in the past month. According to the statistic on the right, an increasing number of students are switching their enrollment ==from Uniswap to Velodrome==.
• When using the majority of exchanges, customers will often trade USDC, OP, or WETH .
• In addition to that, one may commonly trade these tokens in for a wide range of different currencies.

About:

• Author: HaM☰d

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• Discord: 0xHaM☰d#8391

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• Twitter: @arjmandi_hamed

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• Email: h_arjmandi2012@yahoo.com

Q8. Let’s take a closer look at DEXs on Optimism, specifically Velodrome. Make a dashboard that compares Velodrome to any other Optimism DEX based on:

== \n The aims of this dashboard is looking at:==

• Total number of swaps by day over the last month

• Total number of wallets swapping by day

• What are the most popular asset pairs to swap from and too

• Top 10 assets swapping from

• Top 10 assets to swap to

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Daily Unique Users & Swaps Count On Optimism

• The second half of July saw a rise in both the total number of trades and the number of unique users that was greater than one hundred percent. This was the first time that this has ever happened.

  The total number of people who participated in trades on July 29 was 8185, making that day the one with the highest total number of swaps and users. On that day, there were 137 thousand deals.

  On that specific day, each user successfully executed approximately 17 trades.

  The figure labeled "Cumulative" depicts how the total number of swaps has increased over the course of time. Which of these services do you think is most responsible for that growth, according to your opinion? Figure it out.

The velodrome is the immediate answer to the graph that was just presented. The Velodrome can be held responsible for a significant rise in the number of swaps on optimism. This growth was equivalent to 130 percent in total. The velodrome was critical to the growth of this area throughout its formative years. Earlier, I mentioned that there were 137K exchanges that took place on July 29, making it the day with the highest volume in the history of the cryptocurrency. Velodrome was responsible for around sixty percent of those trades' completion. The expansion of Optimism Swaps was also helped along by a second platform known as Uniswap. In recent weeks, there has been a noticeable increase in the number of swaps conducted on all platforms; however, 0x, Zipswap, and Balancer have witnessed more modest percentage increases compared to Uniswap and Velodrome. Velodrome started the month with a holding in the swaps market that was less than 30 percent, but it has progressively raised that stake and recently passed the 60 percent threshold. Before the start of this month, Uniswap held a market share that was well above 60 percent; as of right now, that number is between between 30 and 35 percent. The proportion of 0x swaps and balance swaps has not significantly shifted as a whole. Velodrome will now serve as the new home for those who once called Uniswap their home. It appears that those who were formerly users of Uniswap have transitioned over to using Velodrome.

Share of Unique Users and Swaps Count

Vis 7 & 8:

• In the last 30 days, The share of Uniswap was higher than thers.
• And Velodrome are in the second place.

Top 10 Token Based on Swaps tx Count ( From Token)

I've evaluated the top 10 tokens across many platforms

Velodrome

• When it comes to trading tokens in Velodrome, USDC is by far the most popular option. 45 percent of all swaps engaged USDC, which participated in 94K different swaps.
• The OP token is the most significant competitor to USDC. 35 percent of all swaps in Velodrome were done using OP token, which accounted for 73 thousand exchanges.
• The USDC and OP tokens were drastically different from the third popular token. WETH was utilized in 13% of all trades conducted on Velodrome over the past 30 days.

Uniswap

• Velodrome's most significant competition comes from Uniswap. Let's find out how much of a share of tokens this DEX gives us.
• In contrast to Velodrome and 0x, WETH is currently the most traded token on Uniswap, accounting for 36 percent of all trades and 72 thousand exchanges.
• The Stablecoin is the second type of token. 35 percent of all swaps involved USDC, and 70K of those swaps involved USDC.
• Op token currently holds the third position on this platform.
• Up to this point, we are aware that consumers opted to swap their OPs using either Velodrome or 0x.

0xProject

• Additionally, USDC is widely used in this DEX. 46 of the trades in 0x were conducted using USDC.
• Similar to Velodrome's position, Op holds the second spot in terms of total swaps from.
• The third spot goes to WETH, which has a share of 7 percent from the overall number of swaps.

Balancer

• When compared to the other three DEXs in the Optimism chain, the balancer's not nearly as popular as the others.

• Users were able to get a higher value for their USDC while trading on this DEX than they could with the other coin.

• WETH is currently the second most popular token. WETH was involved in 21% of the trades that took place.

• Their native token, BAL, currently holds the third-place position with 640 Swaps, which accounts for 15% of the overall share.

  Did not found any Swapped tokens For, on ==ZipSwap== on Optimism Flipsides Database by this way.

Total Swapped Volume and share of tokens from

At each of the four DEXs, USDC was a prevalent currency. 92 million USDC was traded to another token on Velodrome, 97 million USDC was swapped on Uniswap, 1 million USDC was swapped on Balancer, and 0x exchanged 15 million USDC. The total number of USDC exchanges on Velodrome was 92 thousand, while the number of swaps on Uniswap was just 72 thousand. Users that have a significant amount of USDC prefer Uniswap when deciding between Velodrome and Uniswap.

OP: Another common token that can be found across all 4 DEXs is OP. Users made 62 million OP trades in Velodrome, 37 million Uniswap trades, 472 thousand balancer trades, and 8 million trades in 0xProject. I believe that Op was the reason of a significant increase in the number of swaps on Optimism and particularly Velodrome.

WETH: the moment has come to investigate the amount of WETH that has been traded. 14 thousand WETH were switched on Velodrome, 88 thousand were swapped on Uniswap, 667 thousand were swapped on Balancer, and 0 thousand were swapped on 0x. On Uniswap, trading volume for ETH's native token was higher. Users choose to exchange their WETH using Uniswap.

Top 10 Token Based on Swaps tx Count ( To Token)

Total Swapped Volume and share of tokens To

Velodrome

• When it comes to trading tokens in Velodrome, USDC is by far the most popular option. 45 percent of all swaps engaged USDC, which participated in 88K of them.
• The OP token is the most significant competitor to USDC. There were 67K OP token swaps in the Velodrome, which accounts for 34.7 percent of total swaps.
• The USDC and OP tokens were drastically different from the third popular token. WETH was utilized in 13% of all trades conducted on Velodrome over the past 30 days.

Uniswap

• Velodrome's most significant competition comes from Uniswap. Let's find out how much of a share of tokens this DEX gives us.
• Contrary to Velodrome and 0x, WETH is the most traded token on Uniswap, accounting for forty percent of all trades and 77.9 thousand exchanges.
• The Stablecoin is the second type of token. With 63 thousand different swaps, USDC was involved in 32 percent of all swaps.
• Op token currently holds the third position on this platform.

Balancer

• When compared to the other three DEXs in the Optimism chain, the balancer's not nearly as popular as the others.

• Users were able to get a higher value for their USDC while trading on this DEX than they could with the other coin.

• The Op token is in second place in terms of popularity. 32 percent of all swaps involved Op's participation.

• The native token that they use is not in the top three. The third one is WETH, and it has a stake of 14.7% of the market.

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0xProject

• Additionally, USDC is widely used in this DEX. The USDC was responsible for fifty percent of all swaps in the 0x market.

• Similar to Velodrome's position, Op holds the second spot in terms of total swaps from.

• The third spot goes to WETH, which has a share of 10 percent from the overall number of swaps.

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  Did not found any Swapped tokens To, on ==ZipSwap== on Optimism Flipsides Database by this way.