Introduction and methods

DEX activity has been in a downtrend for some time now, especially since Bitcoin and the global market started to fall from their highs in February last year. So much so, that if we look at the daily price charts of both currencies, the trends are very unfavourable in both cases.

To make matters worse, last February, i.e. just a year after Bitcoin reached its ATH, the war between Ukraine and Russia broke out. Although this was to be expected, it is not to the liking of anyone, let alone the market, as it brings with it uncertainty. But has this affected the pools of Sushiswap and Uniswap platforms?

To be sure about that, we will try to investigate about several metrics of the qualified DEX Liquidity Pools on Uniswap and Sushiswap on Ethereum mainnet. We will catalogued "Qualified Pools" as those pools with at least $100,000 USD worth of total value locked (TVL).

The main metrics evaluated through the analysis are:

• The percentage of qualified TVL does each DEX have
• The volume that each of these qualified pools have over the last 100,000 blocks
• The breakdown of major coin volume across these qualified pools

Results

Regarding the amount of qualified pools, we can see how between these two DEXes there are a total of more than 1300. More than 1k (77.2%) are from Uniswap while the rest 305 (22.8%) are from Sushiswap. Then, in Uniswap there is a higher number of qualified pools.

In this next two charts, it can be seen the volume of the qualified pools during the past 100k blocks. Here it can be seen some highlighted pools with a huge amount of volume. All of them comes from Uniswap platform. In the second chart, it can be seen the netflow volume swapped by each pool. The major of them have received a positive amount of volume.

Finally, the last 2 charts are about the volume of tokens involved on the pools. In this case, because the major of the pools are related to wETH token, it is the token with a major volume moved. Another important token has been ELON with a high amount of volume moved and with a positve netflow.

Conclusions

In this dashboard we have stuided the qualified pools on Sushiswap and Uniswap. We have concluded that more than 77% of the qualified pools are from Uniswap. The most important pools in terms of volume come as well from Uniswap. Finally, the most important token in terms of volume moved over the past 100k blocks have been ETH. It is logic because of the major of the pools are related to this token.