Trend Analysis of SushiSwap

    Analyze the trend of active users and number of swaps for sushiswap and draw a comparison with Uniswap. Describe the trends that you see

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    Total Transaction

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    Quick Introduction

    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.

    Uniswap is a cryptocurrency exchange which uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol

    Method

    'to_address' should be user addresses only for the swaps table. And for cases where 2 swaps occur in the same transaction, like this 0x43cc7d67ed2016f881fadee1748664a82972c2522c09fb7a73b125b84fb13998. I counted them as 1 swap.

    However, I've founded some cases where 'to address' is not reported correctly. So to find correct addresses, I started from dex swaps instead, in dex_swaps, filter tx_id, platform. then join with udm events on tx_id = tx_id only

    then i counted the origin address, and number of transactions

    Users

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    This analysis focuses on analyzing the trend of active users and the number of swaps for Sushiswap and Uniswap. Uniswap has two protocols. V2 and V3. In this analysis, I compare them separately.

    All data is from August 1st, 2021, until the current date. Although some of them are in last 90 days.

    Users Vs Transactions

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    Avtive Users

    Who are Active Users ? In my opinion a user who has swaped at least in 45 days since last 95 days is active user.

    Conclusion :

    We can see that Uniswap has a huge share of the swaps market.

    When ETH is pumping, users tend not to swap much and hold their tokens as just holding is increasing value.

    We are in NFT season. Any related token cause a trend in charts.

    The below charts show the total number of swaps daily since 2021-08-01. Also, we can see the share of total swaps in sushiswap, Uniswap-v3, and Uniswap-v2. Uniswap-v3 with a 60% share is in first place. Second is Uniswap-v3 and the last is Sushiswap. Some Swaps has more than 1 transaction tx_id . I counted only one of them as swap.

    What does the above chart show? There aren't so many trends in Uniswap-V3 and Sushiswap. The only trend I can see in sushiswap and Uniswap-v3 is in December,25th 2021. We can't say a huge trend, but it is different in comparison to other days. But we can see trends in Uniswap-v2. From October 6th, 2021, we can see growth in Uniswap-V2. The top mountain is about October 30th,2021. After that a slight decline since Nov 14th.

    The below chart shows a huge trend in weekly swaps from October 11th until November 22th. Like the previous chart but in weekly we can see easily. More than 2 million swaps have occurred in the last week of October.

    In the below chart, users are not unique. I calculated users who have used swaps since April 2021. Again Uniswap-v2 is in the first place, and Sushiswap is the last in this comparison.

    Let's see what unique users have done in daily swaps since 2021-01-01. In the below chart we can see a number of daily unique users who use Sushiswap, Uniswap-v2, and Uniswap-v3 in the last 90 days. In the daily chart, there isn't any specific trend. It means trend when happen by a number of transactions of these platforms user.

    In the below chart, we can see Daily unique users Vs. Total transactions. We can barely see a huge trend. But we can name Jan, 10th, Feb 24th, and the last days of March as trends.