Try Quests to earn cryptoOptimism DEXs
Q8. Let’s take a closer look at DEXs on Optimism, specifically Velodrome. Make a dashboard that compares Velodrome to any other Optimism DEX based on: -Total number of swaps by day over the last month -Total number of wallets swapping by day -What are the most popular asset pairs to swap from and too -Top 10 assets swapping from -Top 10 assets to swap to
Introduction
In this dashboard we will look at Optimism DEXs and compare three of them together. I have selected Uniswap and 1inch to compare with Velodrome. At the end we will see how many users are swapping on these platforms and how many swaps they are making, Also we will see what are most popular swap pairs and most popular swap from and to asset.
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, our team has addressed that first iteration's core issues to realize its full potential.
Uniswap
The Uniswap protocol is a peer-to-peer1 system designed for exchanging cryptocurrencies (ERC-20 Tokens) on the Ethereum blockchain.
1inch
1inch is an exchange aggregator that scans decentralized exchanges to find the lowest cryptocurrency prices for traders, and is powered by its 1INCH utility and governance token. 1INCH is used to furnish the platform's decentralized "instant governance" model, and facilitates liquidity mining through token staking.
Method
To do this analysis I have used optimism.core.fact_event_logs table. By filtering events based on event_name = ‘Swap’ we can get swap transactions on Optimism. And to find swaps on Velodrome I have used 0xa132dab612db5cb9fc9ac426a0cc215a3423f9c9 as contract address, 0xe592427a0aece92de3edee1f18e0157c05861564 and 0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45 for Uniswap V3 and 0x1111111254760f7ab3f16433eea9304126dcd199 for 1inch.
Based on these charts we can say number of swaps was growing on Velodrome over the last month and it reaches from 1909 swaps on July 5, 2022 to 15,915 swaps on August 3, 2022. Also number of unique wallets have swapped on Velodrome was 163 on July 5, 2022 and it reaches to 748 unique wallets on August 3, 2022.
We can see 56.6% of swaps on these DEXs over the last month belongs to Uniswap, Velodrome has 41% of swaps and 2.42% is for 1inch.
Most popular swap pairs
The following charts show 10 most popular swap pairs on Velodrome, Uniswap and 1inch based on the number of swaps.
We can see OP/USDC by 204.68K swaps is the most popular swap pair on Velodrome. Also WETH/USDC by 163.999K swaps is the most popular swap pair on Uniswap.
We can see two Optimism (OP) related swap pair (OP/USDC and WETH/OP) in 10 most popular swap pairs on Uniswap.
10 most popular swap from and to asset
The following left charts shows 10 most popular swap from assets on Velodrome, Uniswap and 1inch based on number of swaps, and right charts shows 10 most popular swap to assets on these DEXs based on number of swaps.
We can see USDC with big difference is the most popular swap from asset on each DEXs. Also USDC is the most popular swap to asset on each DEXs.
Most popular swap to asset on Velodrome after USDC is OP.
Conclusion
- number of swaps was growing on Velodrome over the last month and it reaches from 1909 swaps on July 5, 2022 to 15,915 swaps on August 3, 2022.
- number of unique wallets have swapped on Velodrome was 163 on July 5, 2022 and it reaches to 748 unique wallets on August 3, 2022.
- 56.6% of swaps over the last month belongs to Uniswap, Velodrome has 41% of swaps and 2.42% is for 1inch between these DEXs.
- OP/USDC by 204.68K swaps is the most popular swap pair on Velodrome .
- WETH/USDC by 163.999K swaps is the most popular swap pair on Uniswap.
- USDC with big difference is the most popular swap from asset on Velodrome, Uniswap and 1inch.
- USDC is the most popular swap to asset on Velodrome, Uniswap and 1inch.
- Most popular swap to asset on Velodrome after USDC is OP.
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