flipside

    Try Quests to earn cryptoTry Quests to earn crypto
    Share

    Curve Comparative Analysis of Ethereum, Optimism, and Arbitrum Networks

    Explore the inner workings of Curve Finance to analyze trading volume patterns and behaviors on this decentralized exchange tailored for stablecoin trading and yield farming. Your task is to uncover valuable insights that can inform investment decisions, predictions, and the adoption of decentralized finance infrastructure. Participants will delve into the Curve Ecosystem, examining pools, AMMs, CRV, veCRV, and utilizing open data for their analysis.

    db_img
    Methodology
    Summary

    The analysis delves into three major networks—Ethereum, Optimism, and Arbitrum—unveiling their vibrant ecosystems and user engagements. Ethereum boasts a colossal user base of 207,000 swappers, generating a transactional flurry exceeding 1.9 million transactions, totaling over 319 billion USD. Ethereum's peak transactions and users varied across weeks, hitting 60,000 transactions in May 2022 and 11,500 users in March 2023, correlating with a 17 billion USD volume spike.

    Optimism's distinctive trend showcases 185,000 swappers conducting 774,000 transactions, worth 850 million USD. Notably, March 2023 saw the highest transactional activity with 32,500 transactions, coinciding with a peak volume of 91.26 million USD. June 2023 attracted 9,500 users, revealing another spike in user engagement.

    Arbitrum thrives with 194,000 swappers executing 1.8 million transactions, exchanging 6.3 billion USD. Its pinnacle weeks include November 2022 for transactions (80,500) and December 2022 for users (12,700), while March 2023 witnessed a remarkable 225 million USD in weekly volume.

    These observations paint a vivid picture of each network's growth, indicating dynamic fluctuations in user participation and transactional volumes across various periods.

    The methodology employed involves an in-depth analysis of Curve Finance's performance across three prominent networks: Ethereum, Optimism, and Arbitrum. The goal is to provide a comprehensive illustration of how this platform operates and performs within these distinct network environments.

    To gather insights, the Flipside database serves as a primary resource. It aids in uncovering and presenting detailed information regarding the Swap sector within each network. Key criteria such as the Number of Swap transactions, Number of Swappers, and Swap Volume are meticulously examined to offer a comprehensive view of the platform's activity.

    Furthermore, the approach involves the visualization of data trends over time for these specific criteria. By presenting this longitudinal data, it becomes possible to capture and highlight the evolving nature of Curve Finance's performance on Ethereum, Optimism, and Arbitrum. This comprehensive methodology aims to provide a nuanced understanding of the platform's dynamics and effectiveness within diverse network landscapes.