Overtime Markets - Volume

    Thales is a protocol that allows for the creation of peer-to-peer parimutuel markets that anyone can join. A Parimutuel Market is a market where the collateral is locked in a pool and the final payout to participants is not determined until after the market-settling event finalizes. There are several types of markets, including Up and Down markets, ranged markets, exotic markets, and Overtime Markets. Overtime markets is a fully on-chain sports AMM with Chainlink sport feeds, allowing users to bet on Soccer, Football, MMA, and Baseball. For this bounty we will be focused on the Overtime volume on Optimism. Single tx example: https://optimistic.etherscan.io/tx/0x2072d57af9eb255993f0307d9713a2518ba7686cee15a47d6af1ba07031fa865 For more information on Thales and Overtime Markets, see https://thalesmarket.io/ & https://overtimemarkets.xyz/#/markets Analyze the total volume on Overtime Markets over the past two weeks. Which games received the most activity, both in total users and total $ volume? Which sports are receiving the most bets in total dollar volume on a daily basis? Explain your findings.

    In my dashboard, I will analyze the total volume on Overtime Markets over the past two weeks and identify which games receiving the most activity, both in total users and total $ volume.

    Overtime Markets, a Thales-based automated market maker (AMM) venue for the sports market, announced that it had connected with Chainlink oracles on the Optimism mainnet. In terms of decentralization, the very integration enables Overtime to get the best sports data from the largest oracle network worldwide, enabling the team to provide the genuine on-chain odds and maintain the Overtime sports markets. 

    The same Thales AMM architecture is used by Overtime Markets to create the first permissionless, decentralized, and fully on-chain Sports Markets AMM by modifying it to accommodate the mutually exclusive outcomes of Home Win, Away Win, and Draw that are priced by live on-chain odds feed from Chainlink and are also fully collateralized with sUSD.

    For more information, please refer to:

     

     

    The Sports AMM contract begins providing on-demand liquidity for each Sport Market as soon as it is created, making it available for trading. Up until the game's start, the liquidity is available for trading. The AMM stops providing liquidity for that market at that point (or game).

    The Sports AMM offers BUYING and SELLING of the following tokenized ERC20 positions to support each market:

    HOME and AWAY tokens - for two-outcome positional markets (e.g. basketball)

    HOME, AWAY and DRAW tokens - for three-outcome positional markets (e.g. soccer)

    To answer the question, I use table “optimism.core.fact_event_logs” and data from DUNE for the list of contract and corresponding games and sports.

    FYI, the contract address of Synth sUSD (sUSD)   is “0x8c6f28f2F1A3C87F0f938b96d27520d9751ec8d9” 

    Please check the link for more details:  

    Firstly, please refer to the chart for the total volume on Overtime Markets over the past two weeks. 

    Loading...

    Next, please refer to the chart for the daily change in total volume on Overtime Markets over the past two weeks. 

    Loading...

    Looking at the chart, we can see that there was a decrease in the daily volume. The highest volume on Overtime Markets was 59.98K USD on 14-Aug-2022. From then on, the volume remained at low amount, which was alway lower than 20K USD. 

    Which games received the most activity, both in total users and total $ volume? 

    Loading...

    Overall, top 10 games come from 04 sports: Soccer, Baseball, Football and MMA. Boston Red Sox vs New York Yankees (Baseball) is the game having the highest total volume. Its volume over the past two weeks was 20337.8 USD. The game with second highest total volume is Leon Edwards vs Kamaru Usman (MMA) - 14219.9 USD. However, there is a big difference in the total volume of top 10 games. Kansas City Royals vs Los Angeles Dodgers had $4,346 in total volume, which is just 0.21 times the total volume of the top 1 game - Boston Red Sox vs New York Yankees.

    Loading...
    Loading...
    Loading...

    Overall, top 10 games with high total users only come from 02 sports: Soccer and Baseball. Although only two games come from basketball, the Baltimore Orioles vs Boston Red Sox (basketball) has the most number of users - 54 people. Although soccer does not have a game with a total of more than 30 users, it accounts for 8 games out of the top 10 games.

    Which sports are receiving the most bets in total dollar volume on a daily basis?

    Loading...

    Regarding the total dollar volume on a daily basis, although the position of top 1 sport changed continuously, baseball is the most noticeable sport. Along with regularly being top 1 with highest total daily dollar volume, its value is also significantly greater than that of the rest of the sports.