Sushi Activity on Ethereum

    Question:

    Q96. How did the recent spike in market volatility affect the overall activity of sushi on Ethereum? Analyze both swaps and lendings?

    Approach:

    The market downturn is considered since May 9 to 12 according to the various resources. This essay represents the application of Sushiswap on Ethereum from various aspects like swaps, lending and borrowing.

    The methodology of this essay contains:

    • Swap analysis

       from ethereum.sushi.ez_swaps
      
    • Lending

       from ethereum.sushi.ez_lending
      
    • Borrowing

       from ethereum.sushi.ez_borrowing
      
    • The metrics

       count(distinct tx_hash) as count_txn -- number of transactions
       sum(AMOUNT_IN_USD) as volume -- Volume of usage (in USD)
       count(distinct SENDER) as wallets -- Participants
      
    • Time period

       where BLOCK_TIMESTAMP>='2022-05-01' -- start of May, 2022
      

    Results:

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    The Key findings of the Sushiswap activity on Ethereum during market downturn have been listed as below:

    1. The number of transactions on Sushiswap decreased since May 11th as shown in the first graph.
    2. The trend of Sushiswap application on Ethereum has decreasing movement until June 5th and after that date started growing after consistency of Market.
    3. The count of unique participants on Sushiswap activities decreased after market downturn, too.
    4. The volume of swaps decreased very sharp from 385 million USD on May 12th to 139 million USD next day.
    5. The USD volume of Lending and borrowing application on Sushiswap decreased as shown in the last graph.