Introduction

What is Optimism?

Optimism is a layer 2 chain, meaning it functions on top of Ethereum mainnet (layer 1). Transactions take place on Optimism, but the data about transactions get posted to mainnet where they are validated. It’s like driving in a less crowded side street while benefiting from the security of a highway.

Bear Market

A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.

Bear markets are often associated with declines in an overall market or index like the S&P 500, but individual securities or commodities can also be considered to be in a bear market if they experience a decline of 20% or more over a sustained period of time—typically two months or more. Bear markets also may accompany general economic downturns such as a recession. Bear markets may be contrasted with upward-trending bull markets.

Question

Analyze Optimism during the recent bear as markets were turbulent, showing whatever metrics you care to unearth.

\n You can choose any topic you’d like: How did the network perform? What about market performance? Were there significant inflows or outflows on bridges? Were there any notable patterns in user behavior?

Methodology

Opitism performance review in July 2022 Checking the performance according to many ups and downs

In this case, we have used the following tables:

optimism.core.fact_transactions

optimism.core.fact_event_logs

optimism.core.dim_labels

optimism.sushi.ez_swaps

optimism.velodrome.ez_swaps

optimism.core.ez_nft_sales

Optimism Chain Activity

Observations

• According to the results, we have seen an increase of more than 2.5 times the number of daily active users of Optimism from more than 7 thousand people to nearly 20 thousand people per day in July 2022.
• In July, we saw an increase in the transaction failure rate, and it may be due to the growth of about 5 times of daily transactions
• The increase in the amount of gas that we have witnessed for the gas fee is just optimism from approximately 0.2 to 0.4 in July this year.

Optimism Defi Activity

Observations

• Aave, Synthetix and Thales have been the most popular Defi programs in Optimism according to users
• Witness the interaction of users with Defi protocols in Optimism since the beginning of July 2022, a total of more than 21 thousand users
• Witness the interaction of users with Defi programs in Optimism since the beginning of July 2022, between 5 and 25 thousand users daily

Top Dex Swap Activity

Observations

• Velodrome was almost louder than SushiSwap

• We have seen a decrease in the number of active users on SushiSwap compared to Velodrome, which has increased almost more since the beginning of July 2022.

• The number of Voldrome users grew 20 times compared to SushiSwap in June this year

  \

Optimism NFT Activity

Observations

• Over 80% of all NFT sales on Optimism are sold for less than 0.1 ETH

• The total trading volume of NFT Optimism has ranged from approximately 0.4 to over 20 per day

• In July, we have seen a decrease in the number of NFT sales in Optimism. In this month, the number has decreased to about 100, while in the past months, the number of sales was about 200 per day.

• In Optimism, the top two NFT collections on the platform accounted for about 70% of the sales of the top collections

• NFT accounts for about 3% of the volume in Optimism

• least than 0.4% of NFTs sell for over 1 ETH on Optimism

  \

Conclusion

• According to the results, we have seen an increase of more than 2.5 times the number of daily active users of Optimism from more than 7 thousand people to nearly 20 thousand people per day in July 2022.

• In July, we saw an increase in the transaction failure rate, and it may be due to the growth of about 5 times of daily transactions

• The increase in the amount of gas that we have witnessed for the gas fee is just optimism from approximately 0.2 to 0.4 in July this year.

• Aave, Synthetix and Thales have been the most popular Defi programs in Optimism according to users

• Witness the interaction of users with Defi protocols in Optimism since the beginning of July 2022, a total of more than 21 thousand users

• Witness the interaction of users with Defi programs in Optimism since the beginning of July 2022, between 5 and 25 thousand users daily

• Velodrome was almost louder than SushiSwap

• We have seen a decrease in the number of active users on SushiSwap compared to Velodrome, which has increased almost more since the beginning of July 2022.

• The number of Voldrome users grew 20 times compared to SushiSwap in June this year

• Over 80% of all NFT sales on Optimism are sold for less than 0.1 ETH

• The total trading volume of NFT Optimism has ranged from approximately 0.4 to over 20 per day

• In July, we have seen a decrease in the number of NFT sales in Optimism. In this month, the number has decreased to about 100, while in the past months, the number of sales was about 200 per day.

• In Optimism, the top two NFT collections on the platform accounted for about 70% of the sales of the top collections

• NFT accounts for about 3% of the volume in Optimism

• least than 0.4% of NFTs sell for over 1 ETH on Optimism

THANK YOU FOR READING!

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