Block activities during June - August 2022

DeFi activities during June - August 2022

SushiSwap

Velodrome

NFT activities during June - August 2022

What is Optimism (blockchain)?

Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism’s EVM-equivalent architecture scales your Ethereum apps without surprises. - Optimism Team

Methodology

In this dashboard, we will look at the block, DeFi, and NFT actions on the Optimism blockchain in June, July, and August 2022 to assess the small bear markets.

We can easily see that June is the month with the most activity in the blockchain. This is true regardless of whether we are looking at the number of transactions, unique users, new users, or gas fee paid. And activity appears to be significantly reduced in July, but beginning to recover in August.

While swap activities on SushiSwap have been reduced throughout July and are beginning to return during August, as with all block activities in the previous section, swap activities on Velodrome have been steadily increasing since June and do not decline during July as SushiSwap does.

The activities in the NFT section have followed the same general trend as the others, with activities decreasing in July and beginning to increase in August.