A space to discuss the fundamentals of ‘Velodrome’.
Link to the dashboard: Velodrome (VELO) - Key metrics | Dashboard | Token Terminal
Token Terminal <> Velodrome | Monthly data update (April 2023)
Chains tracked: Optimism
Methodology:
- Trading volume: Total trading volume on Velodrome
- Fees: Total trading fees paid by traders
- Supply-side fees: Trading fees claimed by non-staking liquidity providers
- Revenue: Trading fees claimed by gauges
- Token incentives: USD value of tokens that have been distributed to incentivise users
- Earnings: Revenue minus token incentives
- Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
- Daily active users: Monthly average number of daily distinct Traders
- Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
- Code commits: Number of commits to the project’s public GitHub repositories
Metrics (April 2023):
- Trading volume: $442.86m
- Fees: $216.33k
- Supply-side fees: $20.68
- Revenue: $222.05k
- Token incentives: $6.26m
- Earnings: $-6.04m
- Treasury (monthly average): Missing
- Daily active users (monthly average): 2.35k
- Core developers (monthly average): 2
- Code commits: 18
Hey,
this is Stas from the Velodrome team.
Thank you guys, we have reviewed the monthly data update, and the values are in line with our benchmarks!
Token Terminal <> Velodrome | Monthly data update (May 2023)
Chains tracked: Optimism
Methodology:
- Net deposits: Average value of funds locked in Velodrome’s liquidity pools.
- Trading volume: Total trading volume on Velodrome
- Fees: Total trading fees paid by traders
- Supply-side fees: Trading fees claimed by non-staking liquidity providers
- Revenue: Share of trading fees that goes to the protocol (VELO holders)
- Token incentives: USD value of tokens that have been distributed to incentivise users
- Earnings: Revenue minus token incentives
- Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
- Daily active users: Monthly average number of daily distinct Traders
- Weekly active users: Monthly average number of weekly distinct Traders
- Monthly active users: Monthly average number of monthly distinct Traders
- Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
- Code commits: Number of commits to the project’s public GitHub repositories
Metrics (May 2023):
- Net deposits $244.37mm
- Trading volume: $285.63m
- Fees: $141.60k
- Supply-side fees: $5.05
- Revenue: $134.00k
- Token incentives: $3.93m
- Earnings: $-3.80m
- Treasury (monthly average): Missing
- Daily active users (monthly average): 1.31k
- Weekly active users (monthly average): 6.01k
- Monthly active users (monthly average): 22.82k
- Core developers (monthly average): 2
-
Code commits: 4
Hi Dan from the Velodrome team. This data is in line with our internal benchmarks for fees and volume.