Introduction

What is the Velodrome platform?

The Velodrome platform is a decentralized exchange based on the Optimism blockchain that allows users and traders to swap their own cryptocurrencies on this platform and exchange them with each other.

Also, this platform acts as an AMM or automatic market maker written by Solidity programming and has standard features popularized by uniswapV2 exchange and some new items. In other words, since the Velodrome exchange is based on the Optimism blockchain, it offers all the features of this blockchain to its users and gives them a good trading experience.

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Method

• for swap section:

  First, I used optimism.velodrome.ez_swaps table for my analyze in this section, and I provided the below metrics to show the health stats of the platform in this section:

  1. Total Volume and number of swaps in 4 different durations
  2. daily swaps Volume and number and I also included the cumulative Volume over Time
  3. Swaps Volume per pools in Total and over Time and I also show the Total Volume in donut figure to compare the pools Volume

• for TVL section

  First, I Used optimism.core.fact_token_transfers and optimism.core.fact_hourly_token_prices tables and provided the below metrics :

  1. Daily TVL and daily Changes in TVL
  2. Top liquidity Provider
  3. Daily TVL and Total TVL for each pool

• for $Velo locking section

  First, I used optimism.velodrome.ez_velo_locks table and proved this metrics:

  1. cumulative locked $Velo amount over time in $Velo & USD
  2. daily $Velo amount for each action (lock and unlock or deposit and withdraw)
  3. daily unique user and events number for each action

the start date of all analyzes in this dashboard is Jun 15, 2022 and all the number and metrics is base on that \n

Conclusion

• the Volume of Velodrome swap section is almost 1B USD with 5.8M swap number and all the other stats that we analyze in the swap section shows us the healthy stats of the platform

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• from the start of July, TVL of the platform increased very fast and the current TVL is equal to 72M USD, this number and other numbers that we state on TVL section shows us the success of the platform to attract Value

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• total $velo amount that are locked in the platform is 127.96M and USD Value of it is 4.19M USD, and we can see growing in this amount over Time, with this we can conclude that Velodrome is healthy from this View

Overview

what we will cover in this dashboard:

1. swap stats of the platform with all details

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2. Total value that locked in the platform

3. $Velo lockd stats and how it changed over time \n

Thanks For your time

Discord: Abbas_ra21

Numbers that are noticeable:

• sAMM USDC/sUSDC pool has the highest TVL with current amount equal to 16.38M USD and share of TVL that reach 22.5%
• in the second place comes sAMM USDC/DAI with 9.98M USD and share equal to 13.6%
• the top 4 of pools base on TVL have a total share of more than 50% which are : sAMM USDC/sUSDC, sAMM USDC/DAI, vAMM WETH/USDC and sAMM OP/USDC

insight:

If we see the change and growth of the pools TVL over time, we see the same pattern for most of them, Most of them began to grow from July and reached their peak at the end of this month. The next thing that can be observed is the high TVL of pools related to stablecoins like sAMM USDC/sUSDC, the reason for this can be considered the market conditions and the interest of users to be low risk. Anyway, all the growth that we have seen in the Total daily TVL can be sawed in this figure also.

Velodrome Finance Swap

Velodrome Finance TVL

Deposit = Lock , Withdraw

Numbers that are noticeable:

• the highest $VELO lock amount was on Jun 15th with 23.6M and highest amount base on USD value was on Jul 27th with 1.01M USD
• the highest $VELO unlock amount was on Jul 29th with 6.83M and highest amount base on USD value was on the same day with 547K USD
• In the three days of July 28, August 4, and August 11, we saw the largest number of active users in this section, so that their number exceeded 500 people and at these days also we sawed the most number of events

insight:

Like the previous section where we checked the amount of locked tokens over time, from this section we can also conclude that the amount of token locking has grown dramatically in July, many more users wanted to lock their tokens, and We have seen a lot of locking acts. Although the amount of unlocking has increased recently, this increase and this amount of unlocking has been insignificant compared to what the platform has managed to do.

Velo Locks

Numbers that are noticeable:

• the Volume of Velodrome swap section is almost 1B USD with 5.8M swap number

• the peak Volume of swap was on Jul 29th with 93.7M USD

• the 7-day MA reach the ATH on Aug 3rd with 59.48M USD

• the lowest Volume and swap number was in Aug 5th

• the peak of swap numbers was on Jul 29th with 494K

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insight:

let’s ask some question and then answer it for better understanding:

1. What happened on Jul 29th to reach Volume ATH?

   
   I think the price action of $OP token was the main reason for this Volume because from the 27 to 29 Jul the price increased almost 146%

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2. What happened on Aug 4th?

   
   This is because the hack and the tram announced it on Twitter and this is why the Volume crashed so hard

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3. is Velodrome swap section doing fine?

   
   The healthy state of the swap section can be seen in the upward movement of 7 day moving average in July which is shows is that With the development of the Optimism ecosystem and Velodrome platform, many users were attracted to swap on this platform.

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Numbers that are noticeable:

• vAMM OP/USDC pool Volume is the highest with 465.25M USD and 46.8% of the swap platform Volume
• in second and third place, we can see WETH/USDC and Velo/USDC with 164.97M and 68.3M USD, and they have a share equal to 16.6% and 6.88%

insight:

Everything that was said in the previous section can be seen here separately by pools. We can see how the swap volume of the pools has grown significantly in recent times and has been able to record very high numbers. We can also see the effect of hacking and the rise of the OP token price for different pools

Numbers that are noticeable:

• The current TVL is 72M USD
• highest TVL was on Aug 1st with 117M USD
• On July 30, we saw the largest influx of money into the platform with 12.47M USD
• On August 11, we saw the largest outflow of money to the platform with 11.43M USD
• 0xffd74ef185989bff8752c818a53a47fc45388f08 is the top liquidity provider with share equal to 22.2% and, 155.08 USD

insight:

One of the main metrics that we can show the healthy stats of one platform is the value that locked in their pools or etc.

As we can see in the TVL amount over time, velodrome was very successful to drive value into their platform from the start of July and the TVL It showed a strong upward movement. Velodrome, recently created very attractive incentives to attract users money and Tokens into the platform by offering high APR etc.

Also, we see that some users provided liquidity more than 10M USD and that shows us the trust that users have and the success of the platform with their incentives

Numbers that are noticeable:

• the total $velo amount that are locked in the platform is 127.96M and USD Value of it is 4.19M USD

insight:

The amount of the locked token has always been on an upward slope, with locking $VELO, base on locked duration time you will receive veVELO Token which the holders of this token receive protocol fees, bribes, rebases, and governance power. So with growing in the locked amount over Time, we can conclude that velodrome platform show healthy stats in this section also