Sushi during Volatile Times II

    Q86. During the recent spike in market volatility, which chain saw the most activity in swaps for sushi? Polygon, Ethereum or Harmony?

    Introduction:

    The digital currency market has witnessed unfortunate events in recent days. Due to these events, the price of cryptocurrencies has undergone severe fluctuations.

    Currency price fluctuations cause users to escape from variable price currencies and move to cryptocurrencies with stable or fixed prices.

    In this bounty, the activity of Sushiswap on various blockchains is investigated.

    Methodology:

    The index that used to evaluate the activity of Sushiswap on Blockchains are:

    • Number of swaps
    • Number of unique swappers

    The tables that used to obtain the mentioned index are:

    1. Ethereum: flipside_prod_db.ethereum_core.ez_dex_swaps where PLATFORM='sushiswap'
    2. Polygon: flipside_prod_db.polygon.udm_events
    3. Harmony: flipside_prod_db.crosschain.ez_swaps where BLOCKCHAIN ='Harmony' and PLATFORM='Sushiswap'

    Outcomes:

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    The daily number of swaps and unique swappers on Sushiswap for various blockchains are shown in the two chart.

    Based on these charts, it can be seen that:

    • The Harmony has the highest number of transactions specially on market hard time.
    • The maximum number of swaps for all blockchains happened on May 11, 2022.
    • The Polygon has the largest number of unique swappers for Sushiswap among other blockchains.
    • From both of the chars it can be said, the Hormony has the most active users from application of Sushiswap and its because small number of users handle much more swaps as shown.

    The investigation is done since May 7, 2022.

    The real comparison of blockchains in term of Sushi activity is shown in this bar chart. The Harmony has more than 450k swaps on Sushiswap since May 7th and takes the first place.

    Polygon and Ethereum are in the next ranks with 400k and 266k swaps, respectively.