Failed Transactions

    What is Sushiswap ?

    SushiSwap is an Ethereum-blockchain DEX founded by pseudonymous open-source developers Chef Nomi and 0xMaki and initially launched as a copy of Uniswap.As a clone of Uniswap, SushiSwap was a platform to swap tokens without the need for a middleman or intermediary. To make SushiSwap unique, the founders added new features including liquidity mining and governance through SushiSwap’s SUSHI token.

    SUSHI, the native token of the SushiSwap ecosystem, gives users voting power to determine the future of the platform as well as a percentage of trading fees and staking rewards. Though holding SUSHI is not required to use SushiSwap, the token does offer some additional functionality – like staking – on the SushiSwap platform that you can’t access without it.

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    What is failed transaction?

    Transaction failures may occur due to a number of different errors, including if transactions are signed by the wrong sender, or if someone attempts to send negative funds. They may also be due to insufficient funds being provided by the sender to pay for transaction fees.

    What is the goal?

    Finding which user action results in the highest rate of failed transactions, Comparing swapping, borrowing, lending, and adding or removing liquidity on Sushiswap-Ethereum. 

    Methodology

    Using ethereum.core.fact_transactions for identifying transaction, ethereum.sushi.ez_swaps for swaps, for lending and borrow transactions ==origin_function_signature== was extracted from ethereum.sushi.ez_lending ,ethereum.sushi.ez_borrowing and combing them with ETH transaction table, these tables was provided by Flipsidecrypto, made it possible to gather most of the needed raw data, to make them more comprehensible needed charts and graphs were used.

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    • A total of 66.5M transactions accumulated (10M of them failed) highest transactions was on Jun26 2022 and May13 most of them 1.32M and 1M of them was swapping.
    • Most of (97%) of transactions are swapping followed by lending, borrowing and liquidity adding/removing.
    • On average removing collateral with an AVG of 17.6 is the most faulty action followed by swapping (16), adding liquidity(15.7), removing liquidity(10) are the more likely to cause an error while transacting the most safe is repaying loans(1.1).
    • 76 out of 100 failed transactions was highest recorded which was on May2020 mostly by liquidity adding actions, since then there is a lot less transaction fails after May 2021.
    • With 3.1 transaction fails on AVG Sushiswap is a relatively stable platform.

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    • Out of 66M transactions 16% or 10.6M failed and 55M had successfully transacted.
    • Out of this 10.5M failed transactions most of them(10.1M) was swapping followed by, depositing and withdrawing liquidity.
    • Most of the transaction failed was on Aug20 2022, 51K of them belonging to swapping.
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    Summary

    • Total of 66.5M transactions accumulated on Sushiswap highest transactions was on Jun26 2022 (1.32M), out of these 66M transactions 55M was done correctly and 10.6M failed.
    • Overall Swapping borrowing and lending are the most transactions done least is liquidity related transactions.
    • Most failed transactions was on Aug20 2022 which 51K was swapping.
    • Swapping is the most failed transaction with 10.1M failed transactions followed by, borrowing and lending.
    • Removing collateral have the highest average of fails (17.6) and is the least stable followed by swapping, adding liquidity, removing liquidity most and the most reliable is repaying loans with the least average transaction fails(1.1).

    Seem like Sushiswap with total average of 3.1 failed transactions and a overall notable decrease to total transaction errors since 2021, is one of the most stable and reliable platforms for enthusiast.

    Thanks for your time!