Question 45: Conduct a seasonal analysis on sushi swap activity. Is there a particular month or day where there is more activity?

SushiSwap is a decentralized exchange, which was born as a fork of the well-known Uniswap, which so far remains one of the largest DEX of the entire DeFi ecosystem built on Ethereum (ETH).

However, SushiSwap has managed to stand out in its own light, due to the fact that its community has grown considerably. In fact, it has positioned itself very close to Uniswap in transaction volume and total value locked and has even been able to surpass it at some point.

After creating the above graphs and analyzing them we can draw the following conclusions.

Firstly, We can observe that the percentage of volume is higher in the third and fourth weeks of each month approximately. We can see that 2021-10-25 and 2021-09-20 have a percentage of 11.6% and 9.99% respectively. Therefore, we can see a higher percentage than in the other weeks.

The same happens when we analyze the percentage of users. During the third and fourth week of each month there are more active users than in the first and second week. As we can see, the days 2021- 07-26 and 2021-07-19 have a total percentage of active users of 10.2% and 10.1 respectively.

The opposite is happening when we analyze the number of user transactions. During the third and fourth week of each month there is a lower percentage of transactions. Finally, when we analyze the average size we can clearly observe that during the third and fourth week there is less average size.

To summarize that we can extract that during the 2nd half of the months, more users use the Sushiswap platform and more volume is moved. However, the type of users who enter are those who do less transactions using lower average size per each one.