What is going on here?

Few names are more recognizable in the crypto Defi scene as Sushiswap and Uniswap. These both are present in the Ethereum’s Layer 2 solution known as Optimism.

Along these two well known dexes is one native to Optimism, Velodrome.

In the next report are general numbers to quickly get a glance at whats going on with these three Big ones.

Method

All the datasets came from Flipside’s database.

• Thanks to their curated tables for Velodrome and Sushiswap, the data gathering is straightforward in their respected tables.
• For Uniswap, the routers contracts for their swaps was used.
  • (‘0xe592427a0aece92de3edee1f18e0157c05861564','0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45')

Daily Swaps, Swappers and pools

Note

• Sushiswap holds little to no presence in Optimism.

• Velodrome facilitates more swaps than Sushiswap and Uniswap. Specifically 477k Swaps these last 30 days.

• Uniswap does see more users on their platform than Velodrome and Sushiswap. Specifically 72k users vs 41k in Velodrom.

• The amount of swappings was somewhat correlated across Dexs.

• The amount of daily users did see a difference. Uniswap tended to see more spikes in unique users than Velodrome, which kept a more balance number of users.

Note

• The biggest volume movers are USDC, WETH and OP, across all three dexes.
• Almost half the preferred tokens to give in are Stablecoins.
• In Velodrome the fourth more swapped token is Velo, its native token.
• WETH remains as a all-spread asset even inside the Ethereum’s layer 2.

Top 10 Tokens In during swaps

Top 10 Tokens Out during swaps

Note

• USD, WETH & OP are consistently the most swapped out tokens, meaning they are the preferred method to swap for other tokens.
• The amount of swaps inside Velodrome far surpasses those from Sushiswap and Uniswap, even together.
• Sushiswap doesn’t even get to 10 different tokens given in.
• Sushiswap could benefit from the volume in others dex offering LINK pairs and FRAX or MAI, which are highly present in Velodrome or Uniswap.
• Excepting WETH in Sushiswap, USDC is the most swapped in Token, the dominance from the Circle Stablecoin is quite stablished.