Methodology

• For Velodrome and Sushiswap we look directly at optimism.velodrome.ez_swaps and optimism.sushiswap.ez_swapstables respectively and calculate the metrics from there.

• For Uniswap we look at all the even transactions with Swap Event directed to the Uniswap V3 Routers, then look at transactions with Transfer Event for each transaction.

  • '0xE592427A0AEce92De3Edee1F18E0157C05861564 -- Uniswap V3: Router
  • '0x68b3465833fb72A70ecDF485E0e4C7bD8665Fc45' -- Uniswap V3: Router 2

• For Prices and Token Name we refer to the optimism.core.fact_hourly_token_prices

  and optimism.core.dim_contracts tables respectively

  \

What are the most popular asset pairs to swap from and to

Velodrome

• The most popular pair in terms of number of swappers is WETH→USDC with 24K swappers.
• WETH→USDC is the top pair in terms of number of swaps with 96K swaps.
• OP→USDC is the top pair in terms of swapped amount with 27M $USD

Uniswap

• The most popular pair in terms of number of swappers is USDC→WETH with 200 swappers.
• USDC→WETH is the top pair in terms of number of swaps with 11K swaps.
• USDC→WETH is the top pair in terms of swapped amount with 33M $USD

Sushiswap

• The most popular pair in terms of number of swappers is USDC→WETH with 1K swappers.
• WETH →USDC is the top pair in terms of number of swaps with 1.4K swaps.
• USDC→WETH is the top pair in terms of swapped amount with 94.9M $USD

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far, and we mostly see people trading OP and USDC pairs on Velodrome vs WETH on Uniswap and Sushiswap.

Top 10 assets to Swapped From

Velodrome

• The most popular asset swapped from in terms of number of swappers is USDC with 82K swappers.
• USDC is the top asset swapped from in terms of number of swaps with 334K swaps.
• USDC is the top asset in terms of swapped amount with 85M $USD

Uniswap

• The most popular asset swapped from in terms of number of swappers is OP with 554 swappers.
• USDC is the top asset swapped from in terms of number of swaps with 15.6K swaps.
• USDC is the top asset in terms of swapped amount with 35.4M $USD

Sushiswap

• The most popular asset swapped from in terms of number of swappers is WETH with 1.9K swappers.
• WETH is the top asset swapped from in terms of number of swaps with 2.6K swaps.
• WETH is the top asset in terms of swapped amount with 115K $USD

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far, and we mostly see people trading OP and USDC pairs on Velodrome vs WETH on Uniswap and Sushiswap.

Total number of swaps by day over the last month

Velodrome

• Number of swaps see an stable trend, highest being 63K swaps on Oct 13, 2022.
• The current trend is 30-40K swaps daily as of last week.

Uniswap

• Number of swaps see a decreasing trend with a few spikes, highest being 2.9K swaps on Sep 26, 2022.
• The current trend is ~1K swaps daily as of last week.

Sushiswap

• Number of swaps see a increasing trend with a few spikes, highest being 464 swaps on Oct 23, 2022.
• The current trend is ~250 swaps daily as of last week.

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far.

Conclusion

• Overall Velodrome seems to be beating Uniswap and Sushiswap, the two most popular Dexes on Ethereum.
• Velodrome is definitely giving Uniswap and Sushiswap a run for its money on Optimism.

Top 10 assets Swapped To

Velodrome

• The most popular asset swapped to in terms of number of swappers is USDC with 86K swappers.
• USDC is the top asset swapped to in terms of number of swaps with 362K swaps.
• USDC is the top asset in terms of swapped amount with 74M $USD

Uniswap

• The most popular asset swapped to in terms of number of swappers is WETH with 703 swappers.
• WETH is the top asset swapped to in terms of number of swaps with 18K swaps.
• WETH is the top asset in terms of swapped amount with 45.6M $USD

Sushiswap

• The most popular asset swapped to in terms of number of swappers is WETH with 2.1K swappers.
• WETH is the top asset swapped to in terms of number of swaps with 2.6K swaps.
• WETH is the top asset in terms of swapped amount with 114K $USD

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far, and we mostly see people trading OP and USDC pairs on Velodrome vs WETH on Uniswap and Sushiswap.

Total number of wallets swapping by day

Velodrome

• Number of swappers see a stable trend, highest being 20K swappers on Oct 13, 2022.
• The current trend is ~5K swappers daily as of last week.

Uniswap

• Number of swappers see a stable trend with a few spikes, highest being 93 swappers on Oct 13, 2022.
• The current trend is ~20 swappers daily as of last week.

Sushiswap

• Number of swappers see a slightly increasing trend with a few spikes, highest being 367 swappers on Oct 15, 2022.
• The current trend is ~150 swappers daily as of last week.

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far.