Introduction:

Optimism (OP) is an Ethereum Layer 2 (L2) solution focused on providing low-cost, easy-to-use scalability for Ethereum-based decentralised applications (DApps). Co-founded in 2019 by chief scientist Benjamin Jones, chief executive officer Jinlan Wang and protocol product manager Kevin Ho, the US-based Optimism released its native OP governance token on 31 May 2022.

Optimism’s backend technology stack is dubbed the Optimistic Virtual Machine (OVM), in reference to Ethereum Virtual Machine (EVM). Since Optimism’s technology closely matches Ethereum’s, all Ethereum-based smart contracts can be deployed on Optimism to take advantage of the platform's higher transaction speeds and cheaper gas fees.

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Methodology:

In this dashboard, we are looking to investigate the behavior of Optisium users according to various economic events in July. For this purpose, we have considered criteria for this work, which include:

• Daily number of transactions

• Daily number of swaps

• Daily Total volume

• Most user traded fo assets

• Gas fee

• Most popular user actions

• Total user spent on Optimism

• Active wallets on Optimism

  For deeper exploration, a comparison betweenOptimism and Etherume and Polygon and Arbitrum has been made wherever necessary.

  we use Etherume,polygon, arbitrum and optimism core tables to get the transactions,gas fee and ….

  also we use the tables from Optimism events and labels to get the dex and find out the most popular one on Optimism using them.

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In this section, in order to gain a deeper understanding of the problem, we have compared Optimism with the Ethereume protocol, which is layer 1, and Arbitrum and Polygon, which are layer 2 protocols of Ethereume. As can be seen, the highest number of daily transactions is related to Polygon.

Conclusion:

In this dashboard, to analyze the behavior of users on the Optimism network, various criteria were measured in July 2022 and it was seen that despite the market fluctuations in this month, Optsum had a growing trend and reached its maximum especially in the last week of the month. Note that Optimism has new and high-speed technology, and on the other hand, the low fee of this network can attract a large number of users.

Considering that the largest number of transactions, swaps, wallets, etc. are active at the end of July, it can be understood that these movements will increase the price of Optimism crypto currency.

In the following, some criteria are calculated. At first, the amount of volume has been shown on a daily basis in the period of one month of July, which has generally had an upward trend from the beginning of the month to the end of the month. The most traded asset is USDC, which has a share of 53 percent, followed by SNX and WETH with 28 and 7 percent.

In the final part of the dashboard, attention has been paid to two other criteria, one is the number of active wallets, which, like other parameters, have increased as they move toward the end of July. In terms of user actions, layer 2 has a 70% share and is more than the others

Optimism has way lesser fees than even Polygon ,Arbitrum and Etherume showing it's readiness for being adopted by it's users.

Due to the newness of Optimism network and lower fee, it is likely that the use of this network will increase in the future.

Velodrome Finance has the most swaps made followed by uniswap and rubicon. (About 87% of swaps have been done in Velodrome Finance).

As can be seen in the figure, the number of swaps has grown significantly in the last week of July 2022.

Considering that July 2022 was a very volatile month for digital currencies, Optimism had almost a constant routine until the last week of July and Sharply increased in the last week.

The highest number of transactions is on July 29 with about 234,000 transactions per day.