Methodology

• I ordered the transactions by date and looked at the first 2 transactions. Then, I looked at two types of events for this analysis - 'Swap' and 'Transfer'. If the first two transactions involved using Sushiswap, then this wallet was considered as created for using Sushiswap on Polygon.
• NOTE: The query times out frequently so I had to limit the time-frame to the last 6 months.

Observations

1. Overall, the number of new users coming to Sushiswap on Polygon has decreased by a significant amount.
2. In December '21, we were seeing 1000+ wallets starting their journey on Sushiswap but since then we've seen a marked decrease.
3. These days, we're seeing less than 200 new users join the platform daily.
4. There was a slight bump in April to 200+ daily new users but this was short-lived and has reduced again in May.