Try Quests to earn cryptoSushiswap - Monthly Swap Volume Analysis
This dashboard provides insights on the total monthly swap volume on Sushiswap over the past year and how has the swap volume changed over time. Also, we will compare the same with Uniswap and see how does this changes in swap volume over time on the two DEX’s.
How Sushiswap differs from Uniswap?
Uniswap and SushiSwap are competing decentralized exchanges (DEXs) built on the Ethereum blockchain, as Uniswap is also a decentralized exchange where anyone in the world can deposit money into liquidity pools or use them to swap between currencies for a small fee. Each pool represents a token pair between 2 Ethereum-based currencies.
Also, While UNI handles more volume and has been around for more time, SUSHI does has some unique benefits such as a yield farming platform and bonuses for token holders. Which means, Uniswap pays their liquidity providers more and has a better interface. Sushiswap is better for yield farming, although that may not last forever.
But, As an automated market maker (AMM), SushiSwap differentiates itself from traditional decentralized exchanges by getting rid of order books while still avoiding liquidity issues.
What is Sushiswap?
SushiSwap is a popular Ethereum-based decentralized exchange (DEX) that allows users to swap tokens, earn rewards via yield farming, and more. It was forked from leading DEX Uniswap, which it initially drained liquidity from via a process called “vampire mining.”
In Other words, SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets.
Similar to platforms like Uniswap, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.
Here is the visual that shows the monthly Total swap volume on Sushiswap over the past one year and could see that highest swap volume has been recorded sometime in the month of May 2021.
The below line graph clearly shows the monthly total swap volume on Uniswap over the past one year and could notice that maximum volume has been recorded in July 2021.
The below bar chart shows the total swap volume across different platforms like Sushiswap, Uniswap V2, Uniswap V3 on a monthly basis over the past few months and we could sense that Uniswap V2 records the highest swap volume in the month of July 2021 when compared with others.
Below is the animated series which will help us interpret the month wise trend of Total swap volume across different platforms like Sushiswap, Uniswap etc.. Clicking Play button at the right side corner will display the monthly swap volume across different platforms.
Now, Let us analyze the Total monthly swap volume on Sushiswap over the past year and how has the swap volume changed over time when compared with Uniswap, which has been there from quite long time.
Conclusion:
On seeing all the above visuals and graphs, we could see that the Total swap volume for Sushiswap has recorded the highest in May 2021, while Uniswap has its maximum Swap volume recorded in July 2021 over the past one year. When compared both, Uniswap grabs the maximum as it exists from long time. But, when compared Sushiswap being latest when compared to Uniswap, follows an increasing trend which indicates positive sign.
Total Swap Volume - Monthly - Uniswap Vs. SushiSwap :
Here is the visual that helps us compare the Total Swap Volume between Sushiswap and Uniswap in the last one year, where we could see that Total swap Volume for Sushiswap has recorded a highest of 50,822.85 M in May 2021, where as for Uniswap it has reached a maximum of 922,33,72,036.85 B in July 2021.
Clicking Monthly Swap Volume - Uniswap Vs Sushiswap link will take you to this interactive graph and choose Checkbox against Sushiswap / Uniswap on right-side top corner legend to verify the Swap Volume statistics.