Try Quests to earn cryptoIn this article we will measure the liquidity and swap volumes on Sushiswap during the last 30 days.
The above pools lost the most liquidity during the entire 30-day period of observation. These pools contributed significantly to the overall decrease in liquidity observed on Sushiswap.
The total value locked on Sushiswap-Ethereum has decreased in the last 30 days. It was at its highest on December 22 with $2.3B in liquidity. Liquidity decreased to $1.91B on January 18. This represents approximately $400M in lost liquidity from the highest point in December.
These five pools had the largest total swap volumes during the entire 30-day period.
The above pools had the largest amount of liquidity on Sushiswap-Ethereum. Liquidity was measured on January 18, 2022.
Limitations: Only Ethereum data is included in this analysis.
Daily swap volumes remained stable throughout the period, except for January 8 when a total of over $2.8B was swapped in single day.
During the last 30 days, the total value locked on Sushiswap-Ethereum has decreased by 12%. On the other hand, daily swap volumes remained consistent. Before doing this analysis, I would have thought that swap volumes and liquidity would move in tandem. This was not the case here.
Pools with high liquidity also have high swap volumes. Three pools appear in both the top five pools by liquidity and the top five pools by total swap volume.
As the bear market extends into Q1-2022, the Flipside community will continue to measure its impact on various crypto protocols.
Please note that while Polygon is integrated into Sushiswap, this analysis is limited to Ethereum data.