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    Introduction

    Understanding the process of user adoption and channels through which users adopt a platform/token is crucial for the growth of blockchain projects.

    This dashboard explains through which channels users has adopted $SUSHI token.

    High level overview

    The graph below shows how the daily number of SUSHI adopters has changed over time.

    We can see a clear downward trend in 2022.

    The channels through which SUSHI adopters were recruited can be seen below. More than half of SUSHI adopters received the token through dexes (by swapping). CEXes are the second source for SUSHI adoption.

    The graph below shows how the dominance of channels has been changed over time. Dexes became less prominent over time, though still wallets use them to acquire their first SUSHI.

    Elaborated explanation

    In this section the type of channels will be explained individually.

    CEXes

    The graph below shows CEXes through which users acquire $SUSHI for the first time.

    We can see Binance, Houbi and FTX are top CEXes.

    DEXes

    We can see that SushiSwap is the most prominent source of acquiring SUSHI.

    The data shows that overtime Sushiswap has become more important channel.

    Some users received SUSHI through dAPPs for instance augur limit order.

    The graph below shows important decentralized finance that users has been received through $SUSHI for the first time.

    Users also can be adopted SUSHI through layer 2. Harmony, THORChain, and Solana are the most popular source of SUSHIs.

    Recently ZKSync has been popular for acquiring SUSHI.

    Summary

    Throughout this dashboard we investigated through which channels users receive SUSHI for the first time.

    DEXes and CEXes are the most important sources. Users most frequently acquire SUSHI for the first time through these channels.

    Among DEXes SUSHISWAP is the most popular channel.

    Binance, Houbi, FTX, and Gemini are top CEXes for acquiring SUSHI.

    Some dAPPs are also sources of SUSHI.

    Bridging and acquiring through Layer 2 is also one way for noobs to acquire SUSHI; for instance zkSync, THIRChain and Solana.