Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Project : Optimism

    Bounty Name : Optimism DEXs

    Question: Let’s take a closer look at DEXs on Optimism, specifically Velodrome. Make a dashboard that compares Velodrome to any other Optimism DEX

    Date of analysis : 2022-08-03

    db_img

    What Is Optimism?

    Optimism is a Layer 2 scaling solution for Ethereum**. It helps reduce the transaction fee and transaction time on the Ethereum blockchain.**

    Broadly speaking, Optimism helps solve Ethereum’s scalability dilemma. Scalability refers to the rate of transactions per second (TPS) on a blockchain network.source

    What are decentralized exchanges?

    Decentralized exchanges rely on smart contracts to allow traders to execute orders without an intermediary. On the other hand, centralized exchanges are managed by a centralized organization such as a bank that is otherwise involved in financial services looking to make a profit.

    Centralized exchanges account for the vast majority of the trading volume in the cryptocurrency market because they are regulated entities that custody users’ funds and offer easy-to-use platforms for newcomers. Some centralized exchanges even provide insurance on deposited assets.

    The services offered by a centralized exchange can be compared to those offered by a bank. The bank keeps its clients’ funds safe and provides security and surveillance services that individuals cannot deliver independently, making it easier to move funds around.

    In contrast, decentralized exchanges allow users to trade directly from their wallets by interacting with the smart contracts behind the trading platform. Traders guard their funds and are responsible for losing them if they make mistakes such as losing their private keys or sending funds to the wrong addresses.

    The customers' deposited funds or assets are issued an “I owe you” (IOU) via decentralized exchange portals, which can be freely traded on the network. An IOU is essentially a blockchain-based token that has the same value as the underlying asset. 

    Popular decentralized exchanges have been built on top of leading blockchains that support smart contracts. They are built on top of layer-one protocols, meaning that they are built directly on the blockchain. source

    About Velodrome

    Velodrome Finance is designed to solve one of the main problems for any DEX; incentivizing liquidity reduces the value of the DEX’s token. They address this problem by aligning protocol growth with fee generation, not just liquidity. In other words, take Curve Finance‘s sophisticated AMM and Solidly’s incentive structure, combine, shake well, and serve. Enjoy Velodrome!

    About ZipSwap

    Zipswap is a more gas efficient, optimistic rollup native swap. Based on a modified UniswapV2 codebase, the goal of ZipSwap is to provide users with lowest fees possible on optimistic rollups.

    About UniSwap

    Uniswap is a leading decentralized crypto exchange that runs on the Ethereum blockchain.

    Uniswap is the most popular DEX on optimism because it is higher than its competitors in every respect. Every day it has most swap and swapper count.

    Conclusion

    UniSwap is ahead of its competitors in almost most of the data, which shows that it is very popular among the optimism community.

    Recently, Velodrome is a new competitor of UniSwap, and statistics show that this DEX has made good progress and has been able to attract new users.

    Thanks for reading

    \n All data used are from Flipside Crypto

    My Twitter :Sepehrmhz8

    db_img

    Methods

    Table I used:

    optimism.core.fact_event_logs

    Addresses :

    ZipSwap: 0xE6Df0BB08e5A97b40B21950a0A51b94c4DbA0Ff6

    UniSwap :0xe592427a0aece92de3edee1f18e0157c05861564, 0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45

    Velodrome: 0xa132DAB612dB5cB9fC9Ac426A0Cc215A3423F9c9

    Metrics

    Swap Count Per DEX

    Swapper Count Per DEX

    Total Swap Count Per DEX

    Total Unique Swappers Per DEX

    Popular Pairs Per DEX

    Top 10 assets swapping to Per DEX

    Top 10 asset swapped from Per DEX

    Swap distribution Per DEX

    Average Swap Count Per Wallet Per DEX

    Average Swap Volume Per Wallet Per DEX

    Average Swap Count Per Day Per DEX

    Average Swap Volume Per Day Per DEX

    Average Users Per Day Per DEX