Introduction

In centralized exchanges users can place orders. Placing order means that when the condition met (for sell order, when there is a buyer at the defined price and for buy order when there is a seller at the defined price), the order will be executed automatically. This is aligned with the traditional finance approach that order placer should trust the third party.

However, this product so far has missed in decentralized exchanges with the new approach of decentralization and trustless transactions. Sushiswap together with Bentobox has recently provided the opportunity of placing order on swaps.

This dashboard investigates how this new feature has become popular among Sushiswap users.

Results

The data shows that the number of unique wallets that has been so far used the product is limited.

The graph below shows the daily number of unique users of the limit swap order on Sushiswap.

As can be seen the data does not show a growing trend in terms of number of unique users.

The graph below includes amount and number of transactions as well.

Marker Colour represents the amount that has been placed.

Marker size represents number of transactions.

As can be seen while the number of unique wallets and transactions is not growing over time, the amount that is placed order is growing.

Conclusion

Limit swap order is an innovative and important product that has been added to a DEX. So far, the data shows that it has not become popular among users. However, the amount of transactions is growing.