What is Optimism?

Optimism is a Layer 2 scaling solution for Ethereum that can support all of Ethereum's Dapps. Instead of running all computation and data on the Ethereum network, Optimism puts all transaction data on-chain and runs computation off-chain, increasing Ethereum's transactions per second and decreasing transaction fees.

What is Velodrome?

Velodrome Finance, at its core, is a solution for protocols on Optimism to properly incentivize liquidity for their own use cases. Building on top of the groundwork laid out by Solidly, the team has addressed that first iteration's core issues to realize its full potential.

Methodology

In this dashboard, we are looking to see how the activity on Velodrome has changed in the summer of this year. The specific activity we are looking to observe in this dashboard are swaps, votes, and lp actions these two types of activity will be found in the optimism.velodrome tables of flipside’s database.

Sections

1. Velodrome Swap Activity

2. Velodrome Lp activity

3. Velodrome Voting Activity

4. Velodrome Voting Activity by Pool

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Velodrome Voting Activity

Observations

• In total there has been 6020 voters on Velodrome voting 43.7K times on incentives on the protocol.
• 55% of the voting activity on Velodrome has been vote events and 45% have been unvote events.
• Voting activity has been consistently increasing on Velodrome.
• In total there has been votes on 95 different Velodrome pools.
• About 50% of votes on velodrome are going to the top 6 pools.
• Voting has become more diverse over time

Conclusion

• Velodrome Swap Activity
  • The Average size of a swap on Velodrome has been between $100 and $200 most days
  • Since early October the volume and swaps per day on Velodrome have been increasing
  • In the first 6 months of Veldrom being live there has been 2.6 Billion in Velodrome volume from 107K users
• Velodrome Lp activity
  • Since late September the has been a drastic increase in active liquidity providers on Velodrome.
  • Since the end of August, there has been a large decline in lp volume
  • In total there have been 65.3K Lps on Velodrome
• Velodrome Voting Activity
  • In total there has been 6020 voters on Velodrome voting 43.7K times on incentives on the protocol.
  • 55% of the voting activity on Velodrome has been vote events and 45% have been unvote events.
  • Voting activity has been consistently increasing on Velodrome.
  • In total there has been votes on 95 different Velodrome pools.
  • About 50% of votes on velodrome are going to the top 6 pools.
  • Voting has become more diverse over time

Observations

• Since late September the has been a drastic increase in active liquidity providers on Velodrome.
• Since the end of August, there has been a large decline in lp volume
• In total there have been 65.3K Lps on Velodrome

Velodrome Lp activity

Velodrome Swap Activity

Observations

• The Average size of a swap on Velodrome has been between $100 and $200 most days
• Since early October the volume and swaps per day on Velodrome have been increasing
• In the first 6 months of Veldrom being live there has been 2.6 Billion in Velodrome volume from 107K users

Velodrome Voting Activity by Pool