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    Web 3 Analytics 201 - Week 1 Challenge

    Introduction In this article we will analyze and compare the activity of Uniswap and Sushiswap, probably the best known and most used exchanges in the world of cryptocurrencies. But before we start the analysis, let's go into a little more detail with them to be clear about what we are going to compare. On the one hand, Uniswap is a decentralised exchange (DEX) that allows you to exchange one cryptocurrency for another, using smart contracts on the Ethereum network, and now it is also possible to do so on the Polygon network. SushiSwap, on the other hand, is a platform that incorporates different DeFi tools. It was originally launched as a decentralised exchange powered by an automated market maker (AMM), instead of using the classic order book. Sushiswap was born as a fork of Uniswap.

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    From the chart, It can be seen that Uniswap has more activity on chain than Sushiswap in terms Number of Daily Transactions.

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    From the chart, It can be seen that the daily total unique users on the ETH chain is more on Sushiswap compared to that of Uniswap that record a peak of 290 users on on 2023-01-24. The peak of users in January was 156, recorded on 2023-01-22.

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    From the chart, It can be seen that the daily Transaction Volume in ETH is higher on Uniswap compared to Sushiswap that showed a linear movement.

    It can be seen that Uniswap recorded it's highest transaction volume of 8.55M USD on 2023-01-26, while Sushiwap recorded its highest transaction volume of 84.9k USD on 2023-01-26.