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

contracts and summary on how I collected the data:

summary

• I used optimism.velodrome.ez_swaps table for my analysis in swap section.
• for TVL I Used optimism.core.fact_token_transfers and optimism.core.fact_hourly_token_prices tables to calculate the IN/out flows to the pools of Velodrome
• for Velo locking stats I used optimism.velodrome.ez_velo_locks table
• for voting section I used optimism.velodrome.ez_votes table and for staking I used optimism.velodrome.ez_staking_actions

our approach for answering the bounty questions:

we will have 5 sections:

1. swap stats Swapping is the key activity within the velodrome platform, so I think that's reason enough to check it out
2. Total value that locked in the platform: The growth of TVL is a key indicator of the increasing interest and adoption of DeFi protocols, so it is important, so to look at
3. $Velo locked: $VELO is used for rewarding liquidity providers through emissions. users can lock their $Velo and receive $veVelo base on their locked duration. $veVELO is used for governance.
4. Voting: $veVELO holders decide which liquidity pools receive emissions in a given epoch by voting on their preferred liquidity pool gauges. so voting is another key parameter in velodrome
5. Staking: users can stake their LP tokens for higher yield

All the Volume and price numbers are in USD

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

• In the swap sector, we saw very low volumes in the months of September and October, and this sector could not record good volume and numbers at that time, but we can see a relatively good recovery at the beginning of November. But if we want to judge based on the last three months, we can say that the current situation of the swap sector is still far from what can be said to be good.
• TVL has neither increased nor decreased in the recent period, which means success in saving value and failure in attracting more
• with growing in the locked amount over Time, we can conclude that velodrome platform show healthy stats in this section
• Recently, we see more users than before who are interested in voting, and this means success in attracting users
• The number of new stakers that we see a jump in their daily statistics since the end of September is proof that Velodrome is experiencing a good situation in this sector.

Overview

what we will cover in this dashboard:

1. swap stats

   a. daily and Total Volume

   b. cumulative volume over Time

   c. daily and Total Volume breakdown by pools

   d. cumulative Volume over Time breakdown by pools

   e. daily and Total swap number

   f. swap size distribution

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2. Total value that locked in the platform

   a. daily TVL Change

   b. TVL over Time

   c. TVL breakdown by pools

   d. TVL over Time breakdown by pools

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3. $Velo locked

   a. velo locked amount over Time

   b. daily Velo amount breakdown by Action

   c. daily users number breakdown by Action

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4. Voting

   a. Votes number in Total and daily breakdown by action

   b. Voters number in Total and daily breakdown by Action

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5. Staking \n a. Staking events number In daily and Total breakdown by Action

   b. users number In daily and Total breakdown by Action

   c. Staking events number In daily and Total breakdown by Gauge address

   d. users number In daily and Total breakdown by Gauge address

   f. daily news takers | cumulative stakers number over Time

Thanks For your time

Discord and Twitter: Abbas_ra21

date: 2022-11-16

Swap

TVL

Deposit = Lock , Withdraw = unlock

Numbers that are noticeable:

• the highest $VELO lock amount was on Jun 15th with 24.7M 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

insight:

In recent months, although we can see an increase in the number of users and the number of events, this increase has not been accompanied by an increase in the daily amount of Velo Locks.

We can conclude that in this section, velodrome has succeeded in attracting users, but it is unable to attract volume

Velo Locks

Numbers that are noticeable:

• the Volume of Velodrome swap section is almost 2.5B USD with 16.5B swaps number

• the peak Volume of swap was on Jul 29th with 94.15M USD

• the 7-day MA reach the ATH on Aug 3rd with 61.18M USD

• the peak of swap numbers was on Jul 29th with 496.35K

• 41.9% of the Volume with 1.05B USD belongs to vAMM-OP/USDC

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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. in overall is Velodrome swap section doing fine?what bout last month?

   
   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.

   After seeing a downward trend in the daily volumes started from August, we have witnessed efforts to change this downward trend in the last month, in such a way that higher numbers compared to the previous months have been recorded in this last month.

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Numbers that are noticeable:

• The current TVL is 60.5M USD
• highest TVL was on Aug 1st with 134.17M USD
• On Jun 2, we saw the largest influx of money into the platform with 31.4M USD
• On Jun 9, we saw the largest outflow of money to the platform with 12.9M USD
• 0xffd74ef185989bff8752c818a53a47fc45388f08 is the top liquidity provider with share equal to 16.2% and, 24.18M USD
• sAMM-USDC/sUSD pool has the highest TVL with 12.9M USD

insight:

We have seen a rise in TVL in July so that in this month we have seen more than 500% increase in TVL, but at the beginning of August, the trend started to decrease.

In recent months, the TVL of the platform has not seen many changes and it is around 60M USD

Numbers that are noticeable:

• the total $velo amount that are locked in the platform is 348M $Velo and USD Value of it is 9.65M 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

voting

Swap size distribution

Staking

Numbers that are noticeable:

• 49.5% and 8.49M swaps are having size between 10 and 100 USD
• there are only 2 swaps with size greater than 1M USD

insight

Since the beginning of August, the daily share of swaps between 10 and 100 USD has been in a downward trend. On the other hand, the daily share of swaps under 10 USD has increased

Numbers that are noticeable:

• 54.7% of the activity belongs to vote action and 45.3% for unvote

• 6.07K user vote at least one time and 4.2K of them unvote at least one time

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insight:

Recently, the number of transactions and users related to Vote and Unvote has increased, and as you can see, this activity is related to velo locking, and therefore every week we see an increase in the number of transactions and users.

Deposit = stake , Withdraw = Unstake

Numbers that are noticeable:

• 73.6% of the staking events belongs to the stake action and 26.4% for unstake
• highers number of staking events was on Oct 13 with more than 8K TX which 7.1K of them belongs to stake action
• 22.1% of the staking events belongs to a 0x6b8edc43de878fd5cd5113c42747d32500db3873 (GAUGE Address)
• until now 54.8K users staked their lp tokens at least one Time and 48.8K of them unstake at least one time

insight:

In recent years, we have seen growth in all aspects of the stake section, since the end of September, we have witnessed an increase in the daily number of users and transactions related to staking, on the other hand, we can see a jump in the daily number of new stakers.