What's going on with Optimism?

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    Introduction

    1. Optimism, like Polygon, Arbitrum, and ZkSync, is an Ethereum Layer 2 network.
    2. In this dashboard, we will look at the number of swaps and swappers per day on Ethereum vs Optimism.
    3. Following that, we will examine the USDC swap volume on Uniswap (in USDC) on Ethereum vs Optimism.
    4. Finally, we will look at the average swap size (in USDC) of Ethereum and Optimism wallets and its distribution.
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    1. The number of swaps on Optimism has increased in recent days, and the swap count gap are closing with Ethereum's.
    2. In terms of swappers, the number of swappers per day on Optimism has been flat, whereas the number of unique swappers per day on Ethereum has increased since July 18th, 2022.
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    1. In recent days, the swap volume and number of USDC swappers on Optimism and Ethereum have increased.
    2. The number of USDC swappers per day on Optimism is approximately 10% to 20% of that of Ethereum. On a daily basis, however, USDC swap volume on Optimism is less than 5% of Ethereum.
    3. This implies that the average swap volume per swapper on Optimism is significantly lower than on Ethereum.
    1. The bar charts above show the the distribution of average USDC swap size of Ethereum and Optimism wallets.
    2. The majority of Ethereum wallets fall into the Shrimp category, with an average swap size of 100 to 1k USDC, whereas the majority of Optimism wallets fall into the Fish category, with an average swap size of 0 to 100 USDC.
    3. This demonstrates that, due to the lower gas fee on Optimism, Optimism wallets tend to swap with small USDC sizes. This does not happen frequently on Ethereum because wallets must perform swaps worthy of covering gas fees.
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    Conclusion

    1. The number of swaps on Optimism has increased in recent days, and the swap count gap are closing with Ethereum's.
    2. In terms of swappers, the number of swappers per day on Optimism has been flat, whereas the number of unique swappers per day on Ethereum has increased since July 18th, 2022.
    3. In recent days, the swap volume and number of USDC swappers on Optimism and Ethereum have increased.
    4. The number of USDC swappers per day on Optimism is approximately 10% to 20% of that of Ethereum. On a daily basis, however, USDC swap volume on Optimism is less than 5% of Ethereum.
    5. The majority of Ethereum wallets fall into the Shrimp category, with an average swap size of 100 to 1k USDC, whereas the majority of Optimism wallets fall into the Fish category, with an average swap size of 0 to 100 USDC.