Optimism and DEXs

Optimism is an innovative scaling solution designed to enhance the scalability and efficiency of decentralized applications (dApps) on the Ethereum network.

In the realm of decentralized finance (DeFi), Decentralized Exchanges (DEXs) play a pivotal role in facilitating the seamless exchange of digital assets.

Decentralized Exchanges are fundamental components within the DeFi ecosystem, providing users with the ability to trade digital assets in a non-custodial and permissionless manner. However, the surging demand and congested Ethereum network have led to exorbitant gas fees and slower transaction times on these DEXs. This bottleneck has hindered the accessibility and usability of DeFi for many users.

The integration of Optimism L2 with DEXs brings a ray of hope by tackling these inherent challenges. By migrating to Optimism L2, DEX platforms can unlock a myriad of benefits. Firstly, the improved scalability allows for faster and cheaper transactions, creating a more seamless trading experience. Users can engage in trades without being deterred by exorbitant gas fees, thereby democratizing access to DeFi.

Approach

In the past month, Optimism's Decentralized Exchanges (DEXs) have seen over 1 million swaps, totaling a staggering $1 billion. To help users navigate this bustling landscape, I've crafted a dashboard. The Analysis tab provides an overview of the top DEXs, while the Compare tab allows users to delve deeper, comparing fees, volumes, and transaction patterns between two DEXs. It's not just data; it's an empowered journey through the dynamic world of Optimism's DEXs. The following numbers display the overall statistics of DEXs over the past month, and these figures will update daily.

How to use this dashboard

Using the dashboard is quite straightforward. Here are a few notes to help you make the most of it:

• The statistics on Intro and Analysis tabs will update daily so visualized data shows the stats of the past 30 days.
• The parameters 'dex1' and 'dex2' represent the top DEXs list on Optimism. You can select any of them to compare against each other.
• To modify the parameters, please log in to Flipside. After selecting the desired DEX, press 'Apply all parameters'.

Follow me on Twitter (X) @wolffAtTheDoor for more intriguing dashboards like this one, diving into data landscapes and uncovering trends! Let's explore the world of analytics together! 📊✨

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