In the First Half of January 2023, all the platforms were highly active in particular Uniswap which show its dominance in the Ecosystem with the best User Reach having the most active users and swaps transactions.

But in the Second Half of January 2023, Uniswap lost most of their active users, dropping from 16.3k to 6.21K. Synthetyx also suffered a big lost in User activity dropping from 1.6k to 89 and never reaching more than 500 active users in this year, this drop in activity correlates with the end of Optimism Quest Season One (Ended at January 17, 2023). In that Point Velodrome gains traction and their Swap share (Not transactions) had 50% to 70% of all the swaps in Optimism.

Now that there wasn't more Incentives for new users to appear, the DEX traders keeped their activity across all the platforms.

On the last week of February CoinBase showed their new Blockchain Base announcing that it will use Optimism Technology which raised the price of $OP and $VELO on Optimism leading to one of the best spikes for Velodrome in February 24.

Finally March Arrived with the Crypto Trading world in chaos after the Sillicon Valley Bank Collapsed and News arrived, leading to Circle Stablecoin $USDC deppegging on March 11 which made an influx of trade volume involving Liquidity Pools with $USDC, the most affected being Curve 3Pool which had three stablecoins $USDC-$USDT-$DAI, making a total of 26 $ETH in fees on March 11, being the best spike of Liquidity Pools Fees in Optimism on 2023, This number of $ETH show us that most people using Curve liquidity pool was making swaps with high $USD Volumes leading to expensive fees.

After some days $USDC Pegged again to the $USD and Swappers stopped trading with high volumes leading to a downtrend in activity for all platforms.

Sushiswap uptrends their activity with their pool WETH-USDC as the one making the most amount of $ETH Fees at the end of March and first days of April.

Nowadays traders are waiting for the next market movement to made activity, and there isn't a notable trend.

Optimistic Swaps in 2023