Optimistic Bears
Overview
Analyze Optimism during the month of July as markets were get turbulent, showing whatever metrics you care to unearth.
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?
Metrics
$OP price
Optimism total transactions / total users / total ETH Value / total fees
transaction per user / ETH value per user
TPS / TPM / TPH
$OP transactions
$OP transfer volume
Amount of weekly $OP transfer Volume and change in percentage
Amount of weekly $ETH transfer Volume and change in percentage
daily swaps on Optimism network
Number of swaps / Number of swappers / Avg swaps per user - Uniswap on Optimism
Amount of weekly UNISWAP ETH Volume in optimism network
daily Bridged ETH to Optimism using Hop protocol and users count
Number of sales / Buyers / Sellers / ETH volume - NFT trades on Optimism
Daily NFT sale condition
Sale count on Different NFT collections on Optimism
Charts and Analysis
In the contents below, First , we can see the $OP price and how it fluctuated during past months , from 1.73 on May 24th to 0.5 on June 17th and 1.98 on late July. looking at the Optimism total transactions / total users / total ETH Value, a decrease can be found in the chart from early July to July 20th, and then , an upward trend is visible in all metrics. the situation for fees was like that, dropping from 0.5 on late June, to 0.18 on early July.
Tx-per-user metric has experienced an increase on early July ,reaching to 12.33 from 2.7 on early days, But, ETH per tx didnt see much changes in its trend.
Looking at the TPS/TPM/TPH chart, the 3 metrics have experienced a decrease on July as well. TPH reached 2K from 6K on early July , and TPM and TPS had a decrease on that scale as well.
OP token transfer volume and the number of transactions also had that decrease on July , till mid July and started to increase from that date,showing more than 100% increase on 3rd week compared to 2nd.
ETH amount on Optimism network also had a downturn from 195 and 122k on July’s latest weeks to 75 and107K on June first week and continue the positive trend to 183K and more on July last weeks.
Swaps
As well as most of the other metrics, the number of swaps also has its decrease on the first half of July,and then started to increase from July 18th.
I terms of ETH volume on Uniswap, we can see a 50% decrease in weekly volume on last week of June compared to the previous week and also another 50% decrease on the First week of July.
Bridge in - from ETH
The barchart, shows the daily amount of ETH which is being bridged to Optimism from ETH network using hop protocol.
the decrease in the number of users is crystal clear , its a 10x decrease on the late June .Amount of ETH also experienced a decreae and reached 13.82 om July 8th from 517 on June 18th! on the late July, the number of bridger users and ETHbridged , has shown an increase to 219 ETH on July 27th by 143 users
NFT trading
Its completely visible from the chart that NFT trading on Optimism has got a decreasing trend on the previous months.looking at the chart, neglecting the spike on July 4th which was related to Genesiskami collection, the general nft trading situation is decreasing as mentioned.on the July, it became more decreasing due to market situation and public panic.