What is Velodrome Finance?

Velodrome Finance is the liquidity base layer for the entire Optimism ecosystem. Launched in June 2022, it focuses on properly incentivizing liquidity for DeFi protocols. Interestingly, Velodrome is built on the foundation put in place by Solidly.

What Is SushiSwap?

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

Summary

• The highest number of daily Velodrome swap transactions in last month was on 27 Oct with 94K swaps and on 26 Oct this protocol had 91.5K swaps. while Velodrome experienced the highest number of swaps on ends of Oct, the highest number of Users was on 13 Oct 20.1K and on 27 Oct had 10.6K Oct users.

• in terms of daily USD volume, on 26 Oct Velodrome experienced the highest daily volume with 16.7M and on 27 Oct had 16.5M USD.

• the most popular Symbol in token in terms of USD volume is USDC with about 113M USD and OP had second place with 56.6M USD and WETH has 38.5M USD.

• the most popular Symbol out token in terms of USD volume is USDC with about 101M USD and OP had second place with 55.4M USD and WETH has 33.7M USD.

• in terms of ratio of Symbol in total volume, USDC has the highest ratio with 45% and OP has 22.5%.

• in terms of ratio of Symbol out total volume, USDC has the highest ratio with 40% and OP has 22%.

• The highest number of daily Sushiswap swap transactions in last month was on 9 Oct with 200 swaps and on 10 Oct this protocol had 199 swaps. Sushiswap experienced the highest number of Users on 10 Oct 177 and on 9 Oct had 166 Oct users.

• in terms of daily USD volume, on 2 Nov Sushiswap experienced the highest daily volume with 201T and on 1 Nov had 50T USD.

• the most popular Symbol in token in terms of USD volume is USDC with about 714.5T USD.

• the most popular Symbol out token in terms of USD volume is OP with about 408.7T USD and DAI had second place with 279.5T USD and SUSD has 15.5M USD.

• in terms of ratio of Symbol in total volume, USDC has the highest ratio with 99%.

• in terms of ratio of Symbol out total volume, OP has the highest ratio with 57% and DAI has 39% and SUSD has 2%.

• The most popular pairs on Velodrome in term of USD volume are USDC-OP, OP-USDC with each pair has 46.6M USD and has 18.5% ratio of all USD Volume. USDC-WETH and WETH-USDC both have about 10% of ratio.

• in terms of number of transactions on Velodrome OP-USDC has the highest number of transactions with about 139K.

• The most popular pairs on Sushiswap in term of USD volume is USDC-OP and this pair has 408.5T USD and USDC-DAI has second place with about 279.5T USD and USDC-OP has 75% ratio of all USD Volume. USDC-DAI has about 39% of ratio.

• in terms of number of transactions on Sushiswap WETH-USDC has the highest number of transactions with about 667.

• in terms of most popular Symbol in, in Velodrome USDC is the most popular with 113M USD and 308K transactions. USDC has the highest ratio with about 46% in terms of USD volume and has 28.5% in terms of number of swaps.

• in terms of most popular Symbol out, in Velodrome USDC is the most popular with 113.4M USD and 326K transactions. USDC has the highest ratio with about 45.5% in terms of USD volume and has 30% in terms of number of swaps.

• in terms of most popular Symbol in, in Sushiswap USDC is the most popular with 714.5T USD and 569 transactions. USDC has the highest ratio with about 100% in terms of USD volume and has 100% in terms of number of swaps.

• in terms of most popular Symbol out, in Sushiswap OP is the most popular with 408.7T USD and 146 transactions. OP has the highest ratio with about 57% in terms of USD volume and has 35% in terms of number of swaps.

• Velodrome experienced 44K Users in last month while Sushiswap only had 859 users in last month.

• Velodrome experienced 576K transactions in last month while Sushiswap only had 1.3K transactions in last month.

• Velodrome experienced 252M as Total USD Volume in last month while Sushiswap had 0.75 * 10^15 as Total USD Volume in last month.