Try Quests to earn cryptoSushi-1. Active Weekly Users
Show the number of active users (wallets) per week on Uniswap and Sushiswap over the past year. How do these two charts compare? Why might this be?
What is Uniswap ?
Hayden Adams pioneered the automated market maker (AMM) paradigm through this DEX, Uniswap, which was founded in 2017. Smart contracts provide liquidity pools of ERC-20 tokens that are automatically exchanged as per a defined algorithm under this approach. Anyone may utilise the pools as a DEX to exchange cryptocurrency for a nominal charge. Users can also act as liquidity providers by depositing cryptocurrency into liquidity pools and earning swap fees as a reward.
What is Sushiswap?
SushiSwap is a fork of Uniswap, released in late August 2020 by an unknown "Chef Nomi." SushiSwap, like Uniswap, is an AMM-based DEX. SushiSwap's developers made a few adjustments to the source code, but the overall product remains unchanged. SushiSwap was originally accused of being a copycat attempting to "steal" value from Uniswap by Hayden Adams. Within a few hours of its launch, the site had taken over $1 billion in total locked value from Uniswap.
Weekly Users Uniswap v2 vs Uniswap v3 vs Sushiswap
Uniswap V2 has the most weekly users as compared to both Uniswap v3 and Sushiswap. With the launch of Uniswap V3, the Uniswap V2 numbers have been decreasing, but simultaneously the Uniswap V3 numbers have been increasing. the weekly Sushiswap numbers have been increasing as well.
Weekly %age change in number of users
Uniswap v2 has seen the most swings in the weekly number of users, with users increasing as much as 40% and decreasing as much as -57%. Sushiswap and UniswapV3 have been quite consistent in their numbers and the growth, with number mostly increasing for Uniswap V3