Intro

What Is Optimism?

Optimism is a mental attitude characterized by hope and confidence in success and a positive future. Optimists are those who expect good things to happen, where pessimists instead predict unfavorable outcomes. Optimistic attitudes are linked to a number of benefits, including better coping skills, lower stress levels, better physical health, and higher persistence when pursuing goals.1

Optimists tend to view hardships as learning experiences or temporary setbacks. Even the most miserable day holds the promise for them that "tomorrow will probably be better."

If you always see the brighter side of things, you may feel that you experience more positive events in your life than others, find yourself less stressed, and even enjoy greater health benefits. Source

Methodology

In this dashboard, I have calculated the buying and selling or trade in SushiSwap, Velodrum and UniSwap DEXs together and separately to find the relationship between the price of Optimism native token (OP) and the trade volume in these three decentralized exchanges.

There is a separate table in the subsets of the Optimism database on Flipside Velocity site for Velodrome and Sushi DEXs, and I used the optimism.velodrome.ez_swaps and optimism.sushi.ez_swaps tables to calculate the trade volume on these two DEXs. and to calculate the trade volume on Uniswap, I have used the optimism.core.fact_event_logs table with the following conditions:

contract_address = '0x4200000000000000000000000000000000000042'   -- OP Token Contract

origin_to_address in ('0xe592427a0aece92de3edee1f18e0157c05861564','0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45')

In the daily swap volume chart, you can see how the OP price depends on the swap volume and goes up and down in harmony with the swap volume.

This correlation of OP price with the number of transactions is also true

But the number of swappers, such as the volume and transactions, do not have a direct relationship with the OP price

Selling and Buying OP Token

In the charts above, you can see the volume of buying and selling, which are categorized separately

In the early days, the volume and number of purchases were more, but the ratio of buying and selling has reached a balance again

According to the trend of the OP price, you can see that both the purchase volume and the sales volume are in harmony with the OP price and have a direct relationship with each other.

In general, the total number of purchase transactions in DEXs was 1.22M, and the number of buyers was 153.9K and the total purchase volume was 669M.

Also, the total number of sales transactions in DEXs was 1.21M, and the number of sellers was 148.8K and the total sales volume was 628M.

Swapping on Each DEX

According to the charts shown above, the volume and number of swaps in Velodrome DEX is more than others. and so it can be said that OP price is most affected by Velodrome .

The trade volume on other DEX also changes according to the volume and OP price

The total swap volume was 500M on Velodrome , 128M on Uniswap and 477K on SushiSwap.

The total number of swaps on Velodrome was 1M , UniSwap 143K and SushiSwap 2.2K.

The total number of swappers was 85K on Velodrome , 61K on Uniswap and 1K on SushiSwap.

Conclusion and summary of findings

• In the daily swap volume chart, you can see how the OP price depends on the swap volume and goes up and down in harmony with the swap volume.
• This correlation of OP price with the number of transactions is also true
• But the number of swappers, such as the volume and transactions, do not have a direct relationship with the OP price
• In the early days, the volume and number of purchases were more, but the ratio of buying and selling has reached a balance again
• According to the trend of the OP price, you can see that both the purchase volume and the sales volume are in harmony with the OP price and have a direct relationship with each other.
• In general, the total number of purchase transactions in DEXs was 1.22M, and the number of buyers was 153.9K and the total purchase volume was 669M.
• Also, the total number of sales transactions in DEXs was 1.21M, and the number of sellers was 148.8K and the total sales volume was 628M.
• the volume and number of swaps in Velodrome DEX is more than others. and so it can be said that OP price is most affected by Velodrome .
• The trade volume on other DEX also changes according to the volume and OP price
• The total swap volume was 500M on Velodrome , 128M on Uniswap and 477K on SushiSwap.
• The total number of swaps on Velodrome was 1M , UniSwap 143K and SushiSwap 2.2K.
• The total number of swappers was 85K on Velodrome , 61K on Uniswap and 1K on SushiSwap.

Daily Trading in DEX