flipside

    Try Quests to earn cryptoTry Quests to earn crypto
    Share

    PRICE STATUS OF SUSHI

    SushiSwap is a decentralised trading platform that operates automatically (AMM). It allows users to swap bitcoin tokens, but no central authority controls the transactions. SushiSwap, but from the other hand, calculates price using mathematical methods and manages transactions using smart contracts. For each transaction, SUSHI stakes earn 0.05 percent of all transaction fees. The price chart of sushi for the last 90 days is :

    db_img

    The Query was to check the sushi price and compare them with the prices of the other tokens!.

    Loading...

    This chart displays the trend shown by the sushi token in price along with other tokens over the month of January. As seen sushi prices tend to increase during mid-January and decrease and come to the normal line simultaneously. This Gaussian-shaped profile of sushi is also seen in tokens such as SPAY, TSLA, WBX, etc but most of the tokens in this chart do not follow this trend and they remain almost constant over this period of time.

    Loading...

    This plot shows the distribution of the Price of the 8 DEX tokens.

    Loading...

    This graph represents the trend followed by DEX tokens. While comparing this with the trend followed by the sushi,its seeen almost same though the amount of the trend differes with every tokens.This simply implies that most of the DEX tokens follow almost the same trend over time.This can also be due to the price impact.Price Impact is the effect a Buy or Sell Order has on the automated market maker (AMM).