Velodrome

Sushiswap

Uniswap

Methodology

• For Velodrome we look directly at optimism.velodrome.ez_swaps table and calculate the metrics from there.

• For Sushiswap we look at the transactions where

  origin_to_address = lower('0xbE811A0D44E2553d25d11CB8DC0d3F0D0E6430E6')

  • This contract belongs to the sushi Contract Trident Router https://dev.sushi.com/docs/Developers/Deployment Addresses

• For Uniswap we look at all the even transactions with Swap Event directed to the Uniswap V3 Routers, then look at transactions with Transfer Event for each transaction.

  • '0xE592427A0AEce92De3Edee1F18E0157C05861564 -- Uniswap V3: Router
  • '0x68b3465833fb72A70ecDF485E0e4C7bD8665Fc45' -- Uniswap V3: Router 2

• For Prices and Token Name we refer to the optimism.core.fact_hourly_token_prices

  and optimism.core.dim_contracts tables respectively.

Note: The Swap Volume in $USD seems incorrect of Sushiswap, we have the charts for them, but we will be ignoring those metrics for now in this analysis, however it is still accurate for Velodrome and Uniswap.

Total number of swaps by day over the last month

Velodrome

• Number of swaps see an increasing trend, highest being 180K swaps on July 29, 2022.
• The current trend is ~100K swaps daily as of last week.

Uniswap

• Number of swaps see a stable trend with a few spikes, highest being 9.5K swaps on July 29, 2022.
• The current trend is ~4K swaps daily as of last week.

Sushiswap

• Number of swaps see a stable trend with a few spikes, highest being 165 swaps on July 29, 2022.
• The current trend is ~50 swaps daily as of last week.

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far.

Total number of wallets swapping by day

Velodrome

• Number of swappers see an increasing trend, highest being 8.3K swappers on July 28, 2022.
• The current trend is ~4K swappers daily as of last week.

Uniswap

• Number of swappers see a stable trend with a few spikes, highest being 2.4K swappers on Aug 02, 2022.
• The current trend is ~150 swappers daily as of last week.

Sushiswap

• Number of swappers see a slightly increasing trend with a few spikes, highest being 118 swappers on July 30, 2022.
• The current trend is ~50 swappers daily as of last week.

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far.

What are the most popular asset pairs to swap from and to

Velodrome

• The most popular pair in terms of number of swappers is OP→USDC with 9.1K swappers.
• USDC→OP is the top pair in terms of number of swaps with 212K swaps.
• USDC→OP is the top pair in terms of swapped amount with 170M $USD

Uniswap

• The most popular pair in terms of number of swappers is OP→WETH with 7.2K swappers.
• USDC→WETH is the top pair in terms of number of swaps with 34K swaps.
• USDC→WETH is the top pair in terms of swapped amount with 72M $USD

Sushiswap

• The most popular pair in terms of number of swappers is USDC→WETH with 251 swappers.
• WETH →USDC is the top pair in terms of number of swaps with 327 swaps.

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far, and we mostly see people trading OP and USDC pairs on Velodrome vs WETH on Uniswap and Sushiswap.

Top 10 assets Swapped To

Velodrome

• The most popular asset swapped to in terms of number of swappers is USDC with 36K swappers.
• USDC is the top asset swapped to in terms of number of swaps with 528K swaps.
• USDC is the top asset in terms of swapped amount with 290M $USD

Uniswap

• The most popular asset swapped to in terms of number of swappers is WETH with 8.1K swappers.
• WETH is the top asset swapped to in terms of number of swaps with 58K swaps.
• WETH is the top asset in terms of swapped amount with 96M $USD

Sushiswap

• The most popular asset swapped to in terms of number of swappers is WETH with 503 swappers.
• WETH is the top asset swapped to in terms of number of swaps with 713 swaps.

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far, and we mostly see people trading OP and USDC pairs on Velodrome vs WETH on Uniswap and Sushiswap.

Top 10 assets to Swapped From

Velodrome

• The most popular asset swapped from in terms of number of swappers is USDC with 32K swappers.
• USDC is the top asset swapped from in terms of number of swaps with 494K swaps.
• USDC is the top asset in terms of swapped amount with 296M $USD

Uniswap

• The most popular asset swapped from in terms of number of swappers is OP with 7.3K swappers.
• USDC is the top asset swapped from in terms of number of swaps with 51K swaps.
• USDC is the top asset in terms of swapped amount with 79M $USD

Sushiswap

• The most popular asset swapped from in terms of number of swappers is WETH with 541 swappers.
• WETH is the top asset swapped from in terms of number of swaps with 665 swaps.

Conclusion

• Velodrome absolutely crushes Uniswap and Sushiswap by far, and we mostly see people trading OP and USDC pairs on Velodrome vs WETH on Uniswap and Sushiswap.
• What is surprising is the quite variation of Top Asset Swapped From on Uniswap.

Conclusion

• Overall Velodrome seems to be beating Uniswap and Sushiswap, the two most popular Dexes on Ethereum.
• Velodrome is definitely giving Uniswap a run for its money on Optimism.

Popular Pairs

Popular Asset Swapped To

Popular Asset Swapped From

Number of Swaps/Swapers/Swap Volume