Sushiswap Trend Analysis

    This dashboard aims to provide insight into the trends of daily active users and the daily number of swaps. These trends will also be compared to Uniswap.

    Loading...
    Loading...
    Loading...
    Loading...

    Comparison against Uniswap

    Introduction

    This dashboard will analyse the current health of the Sushiswap dex using two metrics: Daily active users and the daily number of swaps. These metrics will be compared to the largest dex on Ethereum: Uniswap. Sushiswap and Uniswap on Polygon is not accounted for in this dashboard, only Ethereum.

    Methodology

    In order to find the daily active users and daily number of swaps for both Sushiswap and Uniswap, the ethereum.udm_events table was used in combination with the respective DEX contract address. For Sushiswap, this is 0x6b3595068778dd592e39a122f4f5a5cf09c90fe2 and for Uniswap this is 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984. An active user is defined as an address that made at least one transaction of the given day. Therefore, to find the daily active users for both platforms, we count the district number of addresses that made transactions where the contract address is one of the two above: count(distinct(origin_address)). For the number of swaps, the same method was used. But instead of counting the distinct number of users, the distinct number of transactions were counted: count(distinct(tx_id)).

    Results

    Since 2022, the daily number of active users of Sushiswap has been quite stable at around 600 daily active users.

    We can see, that the daily number of swaps on Sushiswap has also been quite stable since 2022 at around 1000 daily swaps.

    Key findings

    • The amount of daily active users for Sushiswap has been quite stable at around 600 daily users
    • The amount of daily swaps on Sushiswap has also been stable at around 1000 daily swaps
    • Compared to Uniswap, Sushiswaps metrics are really similar as the metrics for Uniswap have also been stable since 2022

    When comparing the metrics to Uniswap, we can see that both are really similar. We can conclude that the daily number of active and daily number of swaps has been quite stable for Sushiswaps and Uniswap since 2022.