Volume

• The total volume of deposit is about 300M dollars and 57%.
• The total volume of withdraw is about 173.7M dollars and 43%.
• The highest transaction volume is on August 4, 2022.The deposit is about 10M dollars. and the withdrawal is 17.5M dollars.
• According to the cumulative chart
  • Cumulative deposit is above cumulative withdraw.
  • Since August 5th, the cumulative slope of withdraw has increased.

Number of transactions

• The total number of transactions of deposit is 63.4k transactions and about 85%.
• The total number of transactions of withdraw is 11.2k transactions and about 15%.
• The number of deposit transactions is more than 5 times that of withdraw transactions.
• Cumulative deposit is above cumulative withdraw.

Deposit Vs. Withdraw

TVL

The below chart shows total daily TVL.

• Total TVL => 55.5M dollars.
• From July 3 to August 1, 2022, TVL has been positive daily, from August 1 to August 15, 2022, TVL is negative.

Swap

Volume

• The total volume of swap is about 1.1B dollars.
• The highest swap volume is on July 29, 2022 with 94.1M dollars.
• On August 5, we will see a sharp decrease in the volume of swaps and transactions.
• Cumulative number of users is increasing.
• The cumulative number of users and swap transactions are similar.

Number of transactions

• The total number of transactions of swap is about 1M transactions.
• The highest swap volume is on July 29, 2022 with 94.1M dollars.
• On August 5, we will see a sharp decrease in the volume of swaps and transactions.
• Cumulative number of users is increasing.
• The cumulative number of users and swap transactions are similar.

Lock

Volume

• The total volume of lock is 1.6M dollars and 172M VELO.
• The highest volume of lock is on July 27 with about 1M dollars.
• The maximum volume of unlocking is about 65.2M VELO with 38% for more than 2 years.
  • Between 1 week to 1 month => 41M VELO with 24%.
  • Less than a week => 22M VELO with 13.1%.

Transactions

• The total number of transaction of lock is 8.63k transactions.
• The total unique users of lock are 3780 users.
• The highest number of transactions of lock is on July 27 with about 410 transactions.
• The maximum users of unlocking is about 2328 users with 52.5% for more than 2 years.
  • Between 1 week to 1 month => 879 users with 19.8%.
  • Between 1 year to 2 years => 525 users with 11.8%.
  • Less than a week => 354 users with about 8%

Conclusion

• Part I: deposit and withdraw

  • The number of deposit transactions is more than 5 times that of withdraw transactions.
  • The volume of the deposit is greater than the volume of withdraw.
  • Deposit transactions are much more than withdraw, but they are not much different in terms of volume. It can be concluded that there are many deposit transactions and the volume of each deposit transaction is small.
  • Total TVL is 55.5M dollars.
  • From July 3 to August 1, 2022, TVL has been positive daily, from August 1 to August 15, 2022, TVL is negative.

• Part II: Swap

  • The total volume of swap is about 1.1B dollars.
  • The highest swap volume is on July 29, 2022 with 94.1M dollars.
  • The total number of transactions of swap is about 1M transactions.
  • The highest swap volume is on July 29, 2022 with 94.1M dollars.

• Part III: lock

  • The total volume of lock is 1.6M dollars and 172M VELO.
  • The highest volume of lock is on July 27 with about 1M dollars.
  • The maximum volume of unlocking is about 65.2M VELO with 38% for more than 2 years.
  • The total number of transaction of lock is 8.63k transactions.
  • The total unique users of lock are 3780 users.
  • The highest number of transactions of lock is on July 27 with about 410 transactions.
  • The maximum users of unlocking is about 2328 users with 52.5% for more than 2 years.
  • It can be concluded that most users consider long-term investment.

• On August 5, we will see a sharp decrease in the volume of swaps and transactions.

• On August 5, we will see a sharp decrease in the volume of lock and transactions.

• On August 5, we will see a sharp decrease in the volume and number of transactios of deposit and withdraw.

Introduction

What is Velodrome?

Velodrome is an AMM designed as the trading and liquidity marketplace on Optimism network, launching on May 31st 2022.

Their mission is to be the liquidity base layer of Optimism, allowing users to trade digital assets in a secure way, with very low fees and low slippage.

What Will You Read?

In this analysis you will read about Velodrome in 3 parts:

• Part I: deposit and withdraw
  • Total daily volume and transactions
  • Cumulative volume and transactions
• Part II: Swap
  • Total volume, transactions and users
  • Total daily volume, transactions and users
  • Cumulative volume, transactions and users
• Part III: lock
  • Total volume, transactions and users
  • Total daily volume, transactions
  • Number of unlock days based on volume(VELO)
  • Number of unlock days based on unique users

Method

• Part I: deposit and withdraw

  I used the optimism.velodrome.ez_lp_actions table and analyzed the total daily volume, transactions and cumulative of deposit and withdraw based on lp_action.

• Part II: Swap

  I used the optimism.velodrome.ez_swaps table and got the total daily volume and swap transactions and the number of users and compared them cumulatively.

• Part III: lock

  used the optimism.velodrome.ez_velo_locks table and got the total daily volume and locked transactions and the number of users who locked their balance And I compared them cumulatively.

  I also categorized the number of unlock days based on the number of users and volumes.