Impact of SUSHI Price Changes

    As the price of SUSHI has been trending downwards over the last weeks, how has that influenced trade volume and staking? This dashboard will examine the trends in daily swap volume on Sushiswap, the number of distinct stakers per day, and the amount of new SUSHI staked per day.

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    First of all the daily swap volume. Although not very strong, there does seem to be a slight down-trend in the daily swap volume.

    The temporary high of the SUSHI price at the start of November is nicely reflected in the number of distinct SUSHI stakers per day. These stakers can be new stakers or existing stakers staking more SUSHI. However, unlike the price of SUSHI, the daily distinct stakers seemed to have stabilized after November 10th, with about 50-100 distinct stakers per day.

    Finally, we will examine the amount of new SUSHI staked per day since the start of November. Again a nice reflection of the temporary high in the SUSHI price on November 5th can be seen. After that, the amount of new SUSHI being staked seemed to be relatively stable, with some notable spikes on December 4th and December 15th.