Overview

This dashboard focuses on Sushi LPers: users who are, to any extent, involved in liquidity pools on sushiswap platform.

First, we will investigate the composition of Sushi LPers' wallets in terms of tokens. We will provide some insights into what proportion of Sushi LPers' wallets is Sushi tokens and what proportion is LP tokens.

Then, we will look into their involvement as liquidity providers in other platforms than sushiswap.

Results

The composition of Sushi LPers' wallets

In total we found 12698 Sushi LPers with average 1246 SUSHI and 3.23 Million total value in USD. Obviously, the distribution of assets among wallets follows Power Law. However, still some wallets with very high amount of USD has a huge impact on the average.

Method and Data

The analysis is based on a snapshot of 2022-02-02.

Definitions

Sushi LPers are wallets that locked a part of or whole their liquidity at least in one of the pools provided by Sushiswap platform on 2022-02-02.

Total Sushi LPers are Sushi LPers that on 2022-02-02 had liquidity only in pools that are provided by Sushiswap platform.

Pluralist LPers are Sushi LPers that on 2022-02-02 had also liquidity in other pools on Ethereum blockchain such as Uniswap V2, V3, or curve.

Data

For the purpose of this analysis, the following tables have been used:

• ethereum.erc20_balances

• ethereum.dex_liquidity_pools

Measures

Sushi LPers are identified by finding wallets (user_address) in ethereum.erc20_balances that have at least a token (contract_address) which is listed in Ethereum.dex_liquidity_pools in where the platform is *sushiswap' on 2022-02-02.

The average percentage of SUSHI/Total value in USD is 0.15% which is too low percentage.

note: For lp token prices I tried to use ethereum.token_prices_hourly but the results were not satisfactory and it takes ages to run query. So far, the queries has got an OperationFailedError: timeout of 900 second(s), but I share the placeholder here, and set daily update hoping to have results one day in future.

Sushi LPers vs Pluralist Sushi LPers

The data shows that among 12,698 Wallets that had liquidity supplied in pools on Sushiswap on 2022-02-02, 2867 wallets had liquidity in pools in other protocols which is about 22.5% of total Sushi LPers.

Discussion

Table below summerize descriptives of Sushi LPers wallets (except LP tokens).

As can be seen SUSHI is a tiny percentage of the wallets.

Some 22% of Sushi LPers are pluralist LPers, meaning that supply liquidity in pools on other platforms rather than Sushiswap.