Introducion :

In this analysis, I will examine the following items on the Optimism L2 network and Sushiswap, Uniswap and Velodrome DEXes :

• Total number of swap sover time
• 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

Optimism :

Optimism is a layer-two blockchain for Ethereum using optimistic rollups as scaling technology and one of Ethereum’s biggest scaling solutions. Optimistic rollups outsource the execution of transactions to a L2 solution like Optimism. The transactions on Optimism are rolled up into batches that get relayed to the Ethereum mainnet, which only records the new chain state. Since their validity is assumed, the rollups are called optimistic.

Sushiswap :

SushiSwap is a decentralized exchange (DEX) in which users can exchange between different virtual currencies. SushiSwap is actually a software running that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets.

Uniswap :

Uniswap is a cryptocurrency exchange that uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens through the use of smart contracts.

Velodrome :

Velodrome Finance is the liquidity base layer for the entire Optimism ecosystem it focuses on properly incentivizing liquidity for DeFi protocols. Interestingly, Velodrome Finance, at its core, is a solution for protocols on Optimism to properly incentivize liquidity for their own use cases.

Method :

I used optimism.core.fact_event_logs for Extracting Uniswap Data and optimism.sushi.ez_swaps for extracting Sushiswap Data and optimism.velodrome.ez_swaps for extracing Velodrome swaps Data.

The contracts I used to filter UniSwap data are as follows :

• Uniswap V3 Router : 0xe592427a0aece92de3edee1f18e0157c05861564.
• Uniswap V3 Router-2 : 0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45.

Over-time :

• The number of swaps on Velodrome has increased sharply in the third week of July, and the number of swaps on UniSwap is also in the second place. As we can see, the number of swaps on Uniswap has increased in the last 1 month and has approached the number of swaps on Velodrome.
• The number of swappers on Uniswap reached its peak at the end of May and then decreased, and the number of swappers on Velodrome increased in the first week of June. In the last 1 month, as we can see, the number of swappers on Velodrome is increasing. There has been an increase.

• The volume of swaps on the Velodrome peaked at the end of July and then decreased week by week. As we can see, the volume of Sushiswap swaps is not comparable to the volume of swaps on Velodrome and is much less than that.

Overall:

• The total number of swaps on Velodrome is more than Uniswap and Sushiswap and reaches more than 2.6 million swaps, and Uniswap ranks second with 1.7 million swaps, and the number of swaps on SushiSwap reaches less than 15 thousand swaps. ! This shows that Sushiswap is not popular on optimism.
• As we can see, the total number of swappers on Uniswap is more than Velodrome. This shows that fewer users have been much more active on the Velodrome.
• The number of pools on Uniswap with about 371 pools is more than Velodrome with 235 pools, and the number of Sushiswap pools is in third place with 18 pools.

• The daily average number of swaps on Velodrome is 18.2 thousand and on Uniswap it is about 5 thousand.
• The daily average number of swappers is also higher on Velodrome than Uniswap and Sushiswap.

The most popular asset pairs :

• The WETH-USDC asset pair on Sushiswap and Uniswap leads the other pairs based on the number of swaps, and vAMM-OP/USDC leads the other pairs on Velodrome.

• The WETH-USDC asset pair on Sushiswap and Uniswap leads the other pairs based on the number of swappers, but the vAMM-WETH/USDC on Velodrome leads the other pairs.

Top 10 assets swapping from :

• on all platforms except Sushiswap, USDC was the most popular asset to swap from it to other assets in terms of number of swaps. on Sushiswap, WETH was the most popular one and USDC is on the second rank.

• on all platforms except Sushiswap, USDC was the most popular asset to swap from it to other assets in terms of number of swaps. on Sushiswap, WETH was the most popular one and USDC is on the second rank.

Top 10 assets swapping To:

• on Velodrome and Uniswap USDC was the most popular asset to swap to it from other tokens but on Sushiswap WETH is most the popular asset based on number of swaps .

• on Velodrome and Uniswap USDC was the most popular asset to swap to it from other tokens but on Sushiswap WETH is most the popular asset based on number of swappers.

Conclusion :

From the above analysis, we get the following results:

1. Velodrome had the most number of swaps, most volume of swaps (vs Sushiswap) while the number of active swappers and also pools on Uniswap is more than others.
2. The number of swaps on Velodrome has increased sharply in the third week of July, and the number of swaps on UniSwap is also in the second place.
3. the number of swaps on Uniswap has increased in the last 1 month and has approached the number of swaps on Velodrome.
4. The number of swappers on Uniswap reached its peak at the end of May and then decreased, and the number of swappers on Velodrome increased in the first week of June. In the last 1 month, the number of swappers on Velodrome is increasing. There has been an increase.
5. The volume of swaps on the Velodrome peaked at the end of July and then decreased week by week. As we can see, the volume of Sushiswap swaps is not comparable to the volume of swaps on Velodrome and is much less than that
6. The daily average number of swaps on Velodrome is 18.2 thousand and on Uniswap it is about 5 thousand.
7. The daily average number of swappers is also higher on Velodrome than Uniswap and Sushiswap.
8. The WETH-USDC asset pair on Sushiswap and Uniswap leads the other pairs based on the number of swaps, and vAMM-OP/USDC leads the other pairs on Velodrome.
9. The WETH-USDC asset pair on Sushiswap and Uniswap leads the other pairs based on the number of swappers, but the vAMM-WETH/USDC on Velodrome leads the other pairs.
10. on all platforms except Sushiswap, USDC was the most popular asset to swap from it to other assets in terms of number of swaps. on Sushiswap, WETH was the most popular one and USDC is on the second rank.
11. on all platforms except Sushiswap, USDC was the most popular asset to swap from it to other assets in terms of number of swaps. on Sushiswap, WETH was the most popular one and USDC is on the second rank.
12. on Velodrome and Uniswap USDC was the most popular asset to swap to it from other tokens but on Sushiswap WETH is most the popular asset based on number of swaps .
13. on Velodrome and Uniswap USDC was the most popular asset to swap to it from other tokens but on Sushiswap WETH is most the popular asset based on number of swappers.

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