Introduction

Velodrome is

an AMM designed as the trading and liquidity marketplace on Optimism network, launching on May 31st 2022.

Their mission is to be the liquidity base layer of Optimism, allowing users to trade digital assets in a secure way, with very low fees and low slippage.

As an AMM adapted from Solidly, Velodrome shares certain features with AMMs like Uniswap, with certain modifications:

• trading fee of 0.02%
• near-zero slippage on uncorrelated or tightly correlated digital assets
• route trades through stable and volatile asset pairs
• no-upkeep, flashloan-proof, 30 minute time-weighted average price (TWAP) with direct quoting support

It incorporates elements of Curve, Solidly and Votium with ve(3,3) tokenomoics.

Solidly inspired Velodrome

Velodrome was inspired by Solidly, which was designed as a next-gen AMM optimized to facilitate the swapping of both correlated and uncorrelated assets. Similar to Curve, those who lock their tokens are able to vote to steer emissions to desired pools and receive a cut of protocol fee revenue.

However, unlike Curve, where CRV stakers could stake CRV and direct future CRV emissions to non-productive pools which didn’t produce fees, Solidly was initially made to focus on incentivizing trading fees rather than passive liquidity.

Vote lockers on Solidly would receive 100% of fees for only the pools they voted for, and this behaviour incentivizes the highest fee-earning pools.

Solidly’s launch failed due to many reasons, including bugs, a bad emissions structure that was overly front-loaded and poorly distributed, and more.

Velodrome brings Solidly to Optimism

Velodrome takes some of the best parts of Solidly and brings them to Optimism, while addressing some of the key issues with Solidly.

For instance, it will distribute its native token $VELO to protocols and users aligned with its mission. It has improved bribes and incentives that's similar to Votium, where all fees, bribes and rebases go to $veVELO voters.

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Method

To get the data and display them I have the data from the tables optimism.velodrome.ez_swaps I extracted optimism.velodrome.ez_lp_actions and displayed the following :😊

• Liquidity
• Swaps
• TVL
• Swaps to and from $VELO
• Daily Deposits and Withdrawals from LPs
• Daily Lock on Velodrome

Liquidity 

1. According to the graphs, it can be seen that since the middle of July, the liquidity graph has been increasing and reached its highest value on August 30 with 5703 and on October 13 with 6282.
2. According to the provider chart, it can be seen that the number of providers increased in September and October, and the highest number of providers was on August 30 with 4,353.
3. Velodrome has a good amount of liquidity and this can be seen in the graph of the amount of liquidity. This liquidity reached its highest level in July.

Velodrome Swaps

Velodrome Tvl

Locks on Velodrome

Velo Token

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• It can be seen that the number of Swaper is 36.6K
• The total number of swaps is over 2.2B
• , which is a very high figure The number of swaps is equal to 2.5 million
• the total number of Pools involved in Swap is 223 In the daily data chart
• , it can be seen that since the middle of July, the swap volume has experienced a good volume, which can be seen in the number of swappers and the number of swaps.
• The highest volume can be seen on July 29 with the value of 69.4 M
• the number of 54 k
• the number of Swaper 1651 numbers.

Above are the top 10 pools in terms of number of swaps We display the volume of Swap and the number of Swapers It can be seen that the vAMM-OP/USDC pool with the number of 1413734 and the vAMM-WETH/USDC pool with the number of 1012304 have the highest number of swaps. sAMM-USDC/DAI pool with 8879 and sAMM-USDC/sUSD pool with 5181 have the highest number of Swapers And the vAMM-OP/USDC and vAMM-WETH/USDC pools have the largest volume

The analysis of TVL charts is as follows According to the daily chart of TVL, it can be seen that it had a very good growth in July and reached its highest value on July 30 with the number of 423 M. This growth continued to decrease over time and the end of this routine has been confirmed. In the daily chart of Withraw, it can be seen that the number of withdrawals has increased in the month of July with the help of the TVl chart, and this trend continues to rise and fall. In the graph of deposits, for example, in the graph of withdrawals, it can be seen that in July, after a period of decrease, there was an increasing trend, and as seen in the TVl graph, this trend has been fixed over time. In the following graphs, where we compare deposits and withdrawals on a daily basis, it is clearly visible that in July TV1 has a good growth and on August 4th we see more withdrawals and also on 2 We see the most deposits in January In the last chart, you can see the top 10 pools in deposits and withdrawals This graph of findings and deposits in terms of number and volume shows that it is a very good data for displaying pools in TVl.

In the charts above,

we examine the Velo token It can be seen that the Velo token had the largest amount in July It can also be seen that it has the most number of swaps in this month,

both in terms of the number of swaps and the volume of swaps,

which is evident in the graphs. is increasing

The types of activities in locking in the Velodrome can be seen in the graph above, the most activity is for

Deposit type with 19684 numbers

, Create Lock with 10871 numbers

and Withdraw lock with 1938 numbers.

According to the above diagrams, the following can be seen that the number of locks on a daily basis on January 3 has the highest number of locks, and since the middle of July, this routine has been increasing. In the diagram of locks based on Velo Token, it can be seen that the largest volume of locks was on June 15 with 24 million, July 27 with 19 million, and August 13 with 9 million. According to the chart of the locks based on the volume, June 15 and July 27 experienced the highest volume And the number of users in the locks has experienced a good growth since July 13 It can be seen that most of the locking periods are longer than one year

Conclusion

Looking at this dashboard, you can see that the velodrome has grown significantly

The price of VELO token has experienced a good growth.

Users have good faith in Velodrome and have locked hood tokens for more than 1 year The heyday of Velodrome can be seen from July 13th And it can be seen According to all the graphs of the volume and number of swaps, liquidity, .. it has very good indicators in all fields, this project is reliable and has attracted many users.