Sushiswap & Uniswap

The usage of AMM, or Automated Market Makers, is the first commonality between the two decentralized exchanges. Instead of utilizing the standard order book approach to facilitate transactions, these exchanges employ the AMM model to do so. As a consequence, consumers are no longer need to wait for a third party to complete deals or swap their crypto assets.

Liquidity pools containing tokens of two different cryptocurrencies are built into both decentralized exchanges. Users have the option to exchange one token for another in the liquidity pool for a charge. Users can, on the other hand, become liquidity providers on SushiSwap or a rival to receive rewards for donations to liquidity pools.

The graph here displays the distribution of the total value that is locked in the sushiswap platform for the past 90days. It has faced its largest hike on Jan 8,2022.

This graph points out that the total value locked in sushiswap must be more as the number of transactions that occurred in this is way less than the latter.

Hereby displayed the clear cut chart that indicates how the TVL distribution occurred over time in both the platforms of Ethereum.