Try Quests to earn cryptoOvertime Markets - Volume
In this dashboard, we want to analyze the total volume on Overtime Markets over the past two weeks. - Which games received the most activity, both in total users and total $ volume? - Which sports are receiving the most bets in total dollar volume on a daily basis?
Overtime markets is a fully on-chain sports AMM with Chainlink sport feeds, allowing users to bet on Soccer, Football, MMA, and Baseball. For this bounty we will be focused on the Overtime volume on Optimism.
OverMarket platform, which is based on the Thales protocol, automatically
- creates betting markets using ChainLink services, without any human user intervention, and
- generates appropriate tokens for distribution to bettors for each game,
- creates the necessary liquidity
- and finally, when the winner of each game is determined, deposits the bet amount into the wallets containing the winning team's tokens (of course, the user must claim them).
For each game, depending on whether the game consists of a win or a loss, or a win, a loss and a draw, two or three tokens are created according to the odds obtained from the chain link, the price of which ranges from $0.1 to a maximum of $0.9. . After the winner is determined, each wallet can request as many tokens as it has from the winning team and transfer them to its wallet. With this simple but effective mechanism, various markets and games have been created for betting on this platform today.
In this dashboard you can find the volume analysis of different leagues and matches for the last two weeks.
Thales Protocol
Thales is a protocol that allows for the creation of peer-to-peer parimutuel markets that anyone can join. A Parimutuel Market is a market where the collateral is locked in a pool and the final payout to participants is not determined until after the market-settling event finalizes. There are several types of markets, including Up and Down markets, ranged markets, exotic markets, and Overtime Markets.
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For more information on Thales and Overtime Markets, see &
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Analysis Methodology
To calculate the betting volume, we used the purchase transactions (Buy From AMM), which currently is implemented by 4 different methods of OverTime Markets Smart Contracts.
Considering that people can bet with different collateral, for a fair comparison we took the amount of sUSD in each transaction transferred to the contract of that game as the basis for volume analysis.
As a first step, we examined the tokens used to purchase betting tokens.
note : Collateral here means the token provided to buy some market tokens.
- In August, the volume of trades increased sharply compared to earlier.
- The purchase volume for Overmarket tokens is very high two to three days before the start of the competition.
