Try Quests to earn SOLSushiswap VS. Jupiter
Before and after FTX
Swap to Stablecoin
Users breakdown based on swap volume
Before FTX
After FTX
:key: Key finding :key:: The number of users who had swapped between 10 to 100 USD on Jupiter before the FTX is the most, with 21.3k.
The number of users who had swapped between 100 to 1k on Sushiswap before the FTX was the most, with 11.63k.
:key: Key finding :key:: After the FTX users on Jupiter also had swapped between 10 to 100 USD, with ~25k being the most. The number of users who had swapped between 100 to 1k USD is the most, with 16.4k. (Same as before the FTX).
Top 5 tokens before and after FTX based on volume on Sushiswap( From Swap )
:key: Key finding :key:: The token with the most number of transactions and USD volume is WETH. This token takes the most part as a source token on Sushiswap, before and after the FTX.
The number of transactions and USD volume of WETH after the FTX is more than before the FTX.
Top 5 tokens before and after FTX based on volume on Sushiswap( To Swap )
:key: Key finding :key:: The token with the most number of transactions and USD volume is WETH. This token takes the most part as a destination token on Sushiswap, before and after the FTX.
The number of transactions and USD volume of WETH after the FTX is more than before the FTX.
Top 5 tokens before and after FTX based on volume on Jupiter( from Swap )
:key: Key finding :key:: The token with the most number of transactions and USD volume is USDC. This token takes the most part as a source token on Jupiter, before and after the FTX.
The number of transactions and USD volume of USDC after the FTX is more than before the FTX.
Top 5 tokens before and after FTX based on volume on Jupiter( To Swap )
:key: Key finding :key:: The token with the most number of transactions is Solana. This token takes the most part as a destination token on Jupiter, before and after the FTX.
The token with the most USD volume is Solana. This token takes the most part as a destination token on Jupiter, before and after the FTX.
Jupiter is open-source software that powers our public blockchain, making our blockchain fully accessible to everyone.
The Jupiter Project aims to make blockchain accessible and safe for everyone. Jupiter’s military-grade encryption helps ensure that user data is private and secure. Through our elite encryption capabilities, Jupiter can power secure dApps on public and private networks based on our client’s wishes.
SushiSwap is a decentralized exchange (DEX) in which users can exchange between different virtual currencies using a connected cryptocurrency wallet, such as MetaMask.
SushiSwap enables people to become liquidity providers in order for other people to exchange tokens within token pairs. For instance, if one were to exchange ETH for USDC, they would go to an ETH/USDC liquidity pool. This is a smart contract that locks coins people provided, either ETH or USDC. SushiSwap offers DeFi users access to the most popular features such as staking and farming. Many new users prefer staking over trading because it's less labor-intensive and provides more consistent ROIs.
Jupiter
from solana.core.fact_swaps
where SWAP_PROGRAM ilike '%jupiter%' and
day >= CURRENT_DATE - 45
Sushiswap
from ethereum.sushi.ez_swaps
where platform = 'sushiswap' and
day >= CURRENT_DATE - 45
FTX crash
case when day <= '2022-11-07' then 'Before FTX' else 'After FTX' end as type
Daily Overview
Number of transactions
Number of users
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The highest number of transactions on Jupiter was on November 12th. On this day, the number of transactions on Jupiter was 7.8 million. On the other hand, we have Sushiswap which on this day, had 10.8k transactions.
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The highest number of transactions on Sushiswap was on November 9th. On this day, 17.2k transactions had been made on Sushiswap. On this day, the number of transactions on Jupiter was 5 million which is ~ 290X more than the number of transactions on Sushiswap.
:key: Key finding :key:: The number of transactions on Jupiter is more than on Sushiswap
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:key: Key finding :key:: The number of users who had transactions on Jupiter is more than on Sushiswap.
- The highest number of users who used Jupiter and also Sushiswap was the on November 9th. This day, was the date after the FTX had been crashed and It might caused users to freak out and want to transfer their assets.
USD volume
:key: Key finding :key:: The USD volume of transactions on Jupiter is more than on Sushiswap. The average USD volume on Sushiswap is more than on Jupiter.
- The highest USD volume was on November 9th. On this day, the total USD volume of transactions that had been made on Jupiter was almost 248 million and this number of Sushiswap was almost 89 million.
- The average USD volume of transactions on Sushiswap is much more than on Jupiter. The average USD volume on Sushiswap was the most on October 20th, with 6852 and the average USD volume on Jupiter was the most on October 22nd, with only 52 transactions.
The average number of transactions on Jupiter after the FTX is more than before the FTX.
The average number of transactions on Suhiswap is also more after the FTX.
The average number of users on Jupiter after the FTX is a little more than before the FTX.
The average number of users on Suhiswap is also more after the FTX.
The average USD volume of transactions on Jupiter after the FTX is more than before the FTX.
The average USD volume of transactions on Suhiswap is also more after the FTX.
Number of transactions
Number of users
USD volume
:key: Key finding :key:: The average number of swaps to stablecoins on Jupiter is the most before and after the FTX crashed.
The average number of swaps was the most on November 12th. On this day, the average number of swaps to stablecoins on Jupiter was ~740k, to other coins was 7 million on Jupiter, to stablecoins on Sushiswap was 1939, and to other tokens on Sushiswap this number was 9.8k.
:key: Key finding :key:: The average number of users who swapped their tokens to stablecoins on Jupiter before and after the FTX is the most.
The average number of users who swapped to stablecoins on Sushiswap before and after the FTX is in second place.
:key: Key finding :key:: The average USD volume of all swaps to stablecoins on Jupiter before and after the FTX is the most.
The average USD volume of swaps to stablecoins on Jupiter after the FTX is almost 2x more than before the FTX.
FTX Exchange is a leading centralized cryptocurrency exchange specializing in by-products and leveraged products. Founded in 2018 by MIT graduate and former Jane Street Capital international exchange-traded funds trader Sam Bankman-Fried, FTX offers a range of trading products, including derivatives, options, volatility products, and leveraged tokens. It also provides spot markets in over 300 cryptocurrency trading pairs such as BTC/USDT, ETH/USDT, XRP/USDT, and it's native token FTT/USDT.
On November 8th, an article in CoinDesk, a crypto industry news service, started trouble. It claimed that the balance sheet of Alameda, a crypto hedge fund owned by FTX’s founder, Sam Bankman-Fried, held billions of dollars worth of FTX’s cryptocurrency, FTT, and had been using it as collateral in different loans. If this were the case, a fall in FTT’s value could damage both businesses, given their shared ownership. But FTT had no value beyond FTX’s longstanding promise to buy any tokens at $22, prompting fears that the whole institution was a castle built on sand.
