Volume

• The total volume of deposit is about 427M dollars and 53%.
• The total volume of withdraw is about 380.6M dollars and 47%.
• The highest transaction volume after lunch ( Jun 2, 2022) is on August 4, 2022.The deposit is about 10M dollars. and the withdrawal is 22M 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 276.5k transactions and about 74%.
• The total number of transactions of withdraw is 95k transactions and about 26%.
• The number of deposit transactions is more than 3 times that of withdraw transactions.
• Cumulative deposit is above cumulative withdraw.

Deposit Vs. Withdraw

TVL

The below chart shows total daily TVL.

• Total TVL => 44.2M 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 3.4M transactions.
• The total number of users of swap is about 50.5k users.
• The highest number of swaps are on July 29, 2022 and November 9, 2022 with about 71k swaps.
• 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 11.6M dollars and 397M VELO.
• The highest volume of lock is on July 27 with about 1M dollars.
• The maximum volume of unlocking is about 255M VELO with 64.4% for more than 2 years.
  • Between 1 week to 1 month => 62M VELO with 15%.
  • Less than a week => 30M VELO with 7.3%.

Transactions

• The total number of transaction of lock is 21.4k transactions.
• The total unique users of lock is 6470 users.
• The highest number of transactions of lock is on July 27 with about 652transactions.
• The maximum users of unlocking is about 4159 users with 52.2% for more than 2 years.
  • Between 1 week to 1 month => 1533users with 19.2%.
  • Between 1 year to 2 years => 936 users with 11.8%.
  • Less than a week => 712 users with about 9%

Conclusion

• Part I: deposit and withdraw

  • The number of deposit transactions is more than 3 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 44.2Mdollars.
  • 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 2.7B dollars.
  • The highest swap volume is on July 29, 2022 with 94.3M dollars.
  • The total number of transactions of swap is about 3.4M transactions.
  • The total number of users of swap is about 50.5k users.
  • The highest number of swaps are on July 29, 2022 and November 9, 2022 with about 71k swaps.

• Part III: lock

  • The total volume of lock is 11.6M dollars and 397M VELO.
  • The highest volume of lock is on July 27 with about 1M dollars.
  • The maximum volume of unlocking is about 255M VELO with 64.4% for more than 2 years.
  • Between 1 week to 1 month => 62M VELO with 15%.
  • Less than a week => 30M VELO with 7.3%.
  • The total number of transaction of lock is 21.4k transactions.
  • The total unique users of lock is6470 users.
  • The highest number of transactions of lock is on July 27 with about 652transactions.
  • The maximum users of unlocking is about 4159 users with 52.2% for more than 2 years.
  • It can be concluded that most users consider long-term investment.
  • Between 1 week to 1 month => 1533users with 19.2%.
  • Between 1 year to 2 years => 936 users with 11.8%.
  • Less than a week => 712 users with about 9%

• Part IIII: Voting

  • The total number of voters is 6k voters.
  • The total number of votes 45k votes.
  • The highest number of voters is on October 26 with about 579 voters.
  • The highest number of votes is on October 26 with about 992 votes.
  • 54.7% voted and 43% unvoted.

• Part V: Staking

  • The total staking users count is 56.7k users.
  • The total number of staking transactions is 336k transactions.
  • The highest number of staking transactions is on October 13 with about 8.5k transactions.
  • The highest number of staking users is on October 13 with about 5.2k users.
  • Deposit staking transactions are about 72% and withdraw staking transactions are 28.2%.

  \

• Compared to the last 2 months, we have seen a decrease in TVL.

• Compared to the last 2 months, the percentage of the volume withdrawn from the deposit has increased

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 5 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
• Part IIII: Voting
  • Total Velodrome voters
  • Total Velodrome votes
  • Total daily Velodrome votes
  • Total daily Velodrome voters
• Part V: Staking
  • Total staking transactions
  • Total staking users count
  • Total daily staking transactions by action type
  • Total daily staking users count by action type

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.

• Part IV: Voting

  I used the optimism.velodrome.ez_votes table and got the total daily number of votes and total daily number of voters.

• Part V: Staking

• I used the optimism.velodrome.ez_staking_actions table and got the total daily number of staking transactions and total daily number of staking users count.

Voting

:writing_hand: Observations

• The total number of voters is 6k voters.
• The total number of votes 45k votes.
• The highest number of voters is on October 26 with about 579 voters.
• The highest number of votes is on October 26 with about 992 votes.
• 54.7% voted and 43% unvoted.

Staking

:writing_hand: Observations

• The total staking users count is 56.7k users.
• The total number of staking transactions is 336k transactions.
• The highest number of staking transactions is on October 13 with about 8.5k transactions.
• The highest number of staking users is on October 13 with about 5.2k users.
• Deposit staking transactions are about 72% and withdraw staking transactions are 28.2%.