Average Optimism Portfolio (redux)

    What does the average Optimism user's portfolio look like and how has that changed over time? What % of a user's activity (in OP terms) is staked, unstaked, in liquidity pools/farms, in NFTs? How has this trend changed over time?

    Introduction:

    optimism is an L2 blockchain built on Ethereum to make it easier for developers to develop their apps. Among the advantages of optimism that can be mentioned are its speed, stability, and scalability. Optimism is a scalable solution for the Ethereum network that supports all Ethereum Daaps. The Optimism Network performs calculations and information outside of the Ethereum network. For this reason, it has increased the number of transactions and reduced transaction costs.

    A total of 4.294 billion native Optimism (op) tokens have been issued. This token gives its holders the right to participate in two voting systems, token house, and citizen house. Token House oversees technical decisions related to Optimism, such as software upgrades. The House of Citizens governs public goods financing decisions. In its early days, Optimism itself raised funds from Gitcoin, a large public goods financing platform.

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    Methodology

    In this dashboard, we will review Optimism portfolios in two sections.

    • In the first part, we calculate the volume of transactions of different protocols and identify the top ten protocols, then we compare the volume of transactions of these ten protocols.

    • In the second part, we compare the share of op token transactions in different tags.

      1. For this purpose, we obtain the percentage of users' stakes using two databases: optimism.velodrome.ez_staking_actions and optimism.core.fact_transactions. Using the two mentioned tables, we calculate the total number of transactions made in the network and then calculate the ratio of transactions related to staking and unstaking.
      2. The second tag we will look at is the tag related to liquidity pools.
      3. Finally, we examine the share of transactions related to NFTs.
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    staking ratio

    According to the share percentage chart, it can be said that the highest share percentage is related to August 25 and the lowest is related to June 27. In general, it can be said that about 0.87% of all transactions are related to Staking and similarly 0.53% of transactions are related to unstaking. What can be seen from the graphs is that both staking and unstaking trends have been declined overall, but the average unstaking has dropped noticeably in the second half of 2022.

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    NFT ratio

    In the analysis of the graph related to NFT transactions, it can be seen that in the second half of 2022, the share of NFT transactions has increased from the total transactions. These data have reconfirmed the results of the first part of the analysis. The share of transactions made for Mint NFT includes 4.7% of all transactions.

    liquid pools ratio

    In the liquid pools section, you can see the similarity between the two deposit and withdrawal charts. In general, it can be said that the amount of activity of users for depositing is almost twice as much as their activity for leaving the network. The activity percentage of users for depositing in the network was equal to 0.12% and for leaving the network was equal to 0.03%. It can also be said that the general trend of both graphs is decreasing and the percentage of users' activity for depositing and withdrawing in liquid pools has decreased compared to their total activity.

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    Top 10 protocols and share percentage

    • In the first chart, we have specified the ten most used protocols in the Optimism network, and at the foot of the chart, we have shown the total transaction amount related to each protocol. According to the graph of the time period, it can be said that the hop protocol and uniswap protocols have allocated more transactions in the second half of 2022 and the perpetual protocol has obtained a smaller share of the volume of transactions. In general, perpetual protocol ranks first in the number of transactions, and the second and third ranks belong to hop protocol and uniswap, respectively.

    • In the second part, the number of transactions of the top ten protocols that were identified first, are categorized by protocol type. Based on the data obtained, most of the transactions were related to defis, followed by dexes, layer 2s, and dapps.
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    Conclusion

    • The obtained data shows the growth and increase of transactions on the Optimsam network in 2022. Based on the data of the graphs of the number of protocol transactions based on their type, it can be concluded that most of the transactions are related to DEFI transactions. which shows that most of the network transactions are dedicated to decentralized financial transactions.
    • The general trend of the graphs related to liquidity pools and staking is similar and shows the decreasing share of these transactions from the total transactions of the network.
    • The graph of the transaction share of the number of network mints from the total network transactions shows the fact that NFT minting has been increasing in the Optimism network.
    • According to the increasing trend of the number of public transactions of Optimism network, it can be said that this network is growing and has been able to attract more attention of users.

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    date of analysis: 9th Nov 2022