DEX Usage Patterns

    DEXs (decentralized crypto exchanges) are blockchain-based apps that facilitate large-scale crypto asset trading among multiple users. Uniswap DEX is unquestionably one of the best options for crypto trading, especially when it comes to Defi. Learn more about the DEX, or decentralized exchange, which is the world's largest.

    Methodology

    The bounty here tries to analyze the correlations between Uniswap and any other Dex platform(Ethereum chosen here).To address them the params such as Volume,transactions and the users in both of the DEX platforms are considered.

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    The chart here displays the volume of the transactions that happened in Uniswap as well as the chosen DEX:-Ethereum where it almost follows the same trend for the chosen period of time.

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    With the increase in the number of transactions in the Uniswap the DEX chosen also follows the same trend where the sudden hike in the Uniswap is also followed by the DEX platform.

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    This graph shows the users that are using these two platforms, it is seen that the Uniswap platform holds the most number of users where the trend is increasing and decreasing. On the otherr hand, if seen the users of Sushiswap it maintains almost a constant number of users with their transactions done.This may be due to the instability of the sushi token in the DEX platforms.

    Conclusion

    To conclude with the accounted data from uni swap and Sushiswap it's clear that the Uniswap platform is more relevant to the users than the other. Ethereum Mainnet data is used to see this results.