What is the Velodrome platform?

The Velodrome platform is a decentralized exchange based on the Optimism blockchain that allows users and traders of the digital currency market to swap their own cryptocurrencies on this platform and exchange them with each other.

Also, this platform acts as an AMM or automatic market maker, which is written by Solidity programming and has standard features popularized by version two of the UniSwap exchange and some new items that are vital for the development of the Optimism ecosystem and should be used by the exchange. Have them. In other words, since the Velodrome exchange is based on the Optimism  blockchain, it offers all the features of this blockchain to its users and gives them a good trading experience.

Methodology

• ==Optimism.velodrome== database is used in this dashboard.

• The following items were checked→

1- Swap

2- Liquidity Provider

3- Claimed rewards

4- TPS

5- Votes

Swap section

• On July 29, more than $94 million swaps were done, and on November 8, there were about $41 million swaps

• On November 9, the most swaps were done, which is related to the FTX event, and also on this day, 4,836 traders participated and about 71K swaps, and we also see the growth of the number of pools.

• The most popular swap path has been USDC → OP with about 17% and about 41K traders

• The most popular in terms of volume, the swap path, USDC → OP, has been about 16% and about $556 million .

• On August 16, the most traders participated and the most trades were related to WETH→USDC

• The highest daily swap volume was on July 29 and related to OP→USDC, and on November 8 we also see a large swap volume.

• On November 9, the most swap was done, which is related to the FTX event, and after that, the most swap was on July 29.

• The highest average daily swap volume was also on June 9 and related to USDC→sUSD

Liquidity Provider Section

• The most provider for the USDC/DAI pool with about 48% and about 35K providers
• The VELO/USDC pool had the most liquidity transactions with around 30% and with around 80K transactions

• The USDC/sUSD pool had the highest net liquidity in terms of volume with around 34% and $12 million .

• In the analysis of the growth, the net liquidity volume of the pools, after August 3, we see a decrease in volume, and on November 7, we see the second wave of decrease.

• In the analysis of the net liquidity volume, the largest deposit volume was on June 2 and the largest withdrawal volume was on June 9

• October 13th was the most liquid transaction for the USDC/sUSD pool, followed by November 15th
• In terms of the number of providers, the largest participation was on October 13

• In terms of inflow and outflow We are witnessing the growth of and the trend of decreasing liquidity can be seen.

Claimed rewards section

• The highest bonus was for voting with about 87 percent and the highest reward claim was on August 1 and the LP reward is in the second place with about 6 percent.

TPS section

→ The purpose of TPS review is to find out how Velodrome has performed at important market times

• It seems that Velodrome has performed well in cases of base drops, for example, on November 9, we see 3 swaps per second.

Votes section

• In terms of the number of votes, about 54% are votes and about 46% are unvotes
• In terms of the number of voters, about 58% voted and about 42% unvoted
• About 52% of the voting power was for voting
• The highest vote was on October 26, when there were 986 votes of 1122 voters.

Findings and conclusion

Swap→

• On November 9, the most swaps were done, which is related to the FTX event, and also on this day, 4,836 traders participated and about 71K swaps, and we also see the growth of the number of pools.
• On July 29, more than $94 million swaps were done, and on November 8, there were about $41 million swaps
• The most popular swap path has been USDC → OP with about 17% and about 41K traders
• The most popular in terms of volume, the swap path, USDC → OP, has been about 16% and about $556 million .
• On November 9, the most swap was done, which is related to the FTX event, and after that, the most swap was on July 29.
• On August 16, the most traders participated and the most trades were related to WETH→USDC
• The highest daily swap volume was on July 29 and related to OP→USDC, and on November 8 we also see a large swap volume.
• The highest average daily swap volume was also on June 9 and related to USDC→sUSD

Liquidity Provider→

• The most provider for the USDC/DAI pool with about 48% and about 35K providers
• The VELO/USDC pool had the most liquidity transactions with around 30% and with around 80K transactions
• The USDC/sUSD pool had the highest net liquidity in terms of volume with around 34% and $12 million .
• October 13th was the most liquid transaction for the USDC/sUSD pool, followed by November 15th
• In terms of the number of providers, the largest participation was on October 13
• In the analysis of the net liquidity volume, the largest deposit volume was on June 2 and the largest withdrawal volume was on June 9
• In the analysis of the growth, the net liquidity volume of the pools, after August 3, we see a decrease in volume, and on November 7, we see the second wave of decrease.
• In terms of inflow and outflow We are witnessing the growth of and the trend of decreasing liquidity can be seen.

Claimed rewards→

• The highest bonus was for voting with about 87 percent and the highest reward claim was on August 1 and the LP reward is in the second place with about 6 percent

TPS→

• It seems that Velodrome has performed well in cases of base drops, for example, on November 9, we see 3 swaps per second.

Votes→

• In terms of the number of votes, about 54% are votes and about 46% are unvotes
• In terms of the number of voters, about 58% voted and about 42% unvoted
• About 52% of the voting power was for voting
• The highest vote was on October 26, when there were 986 votes of 1122 voters

Conclusion→

• According to the above, it can be said that Velodrome has performed well in important market situations that include the drop in the price of tokens, for example, in the FTX crisis, and it is acceptable in every way, and it has also seen an increase in users since July. We are and the trust of the users has not been lost after August 4th, Velodrome is still popular and I emphasize again that considering the events of the last week and the FTX crisis and the Alameda Collapse, the performance of Velodrome has been good and as a result it can be said that Velodrome is Health.

written by :writing_hand:

Discord ID: Sal☰h#1747

email : saleh.mz@gmail.com

The dashboard link has been tweeted