1.0 Introduction

This analytics is done to study the activity on Sushiswap.

Scope

This study will concern on the activities beginning May 5th, since the market begin to show higher volatility than usual. BTC price is used to visualize as the overall crypto market sentiment.

2.0 Swaps on Sushiswap

The table below visualizes the Top 10 pools on Sushiswap that receives the most swap transactions. USDC - WETH receives the highest swap transaction since May 5th, at 100.606 K total transactions.

The top 3 pools are the stablecoin-WETH pairs .

Based on the total transactions, 72.4% of swap activity on Sushiswap occurs in stablecoin related pools. This suggest, during high market volatility, users on Ethereum mostly interact with stablecoin -type asset or WETH more than other assets.

Below lists the Top 5 assets ith highest average transaction on Sushiswap. Higher average transactions means an assets has much more transaction made per user, hence the txn/user.

WETH are the most traded assets by user, followed by USDC, USDT, LUNA and wUST.

2.1 Swap Trend

The chart below shows the average transaction over time of the top 5 assets. On May 12th and 13th, wUST are traded more than both USDT and USDC , and on May 14th, LUNA also traded higher than USDT and USDC. This spike in UST and LUNA activity may due to users getting out pof Terra asset position during Terra crash.

Overall, WETH is the most traded asset on Sushiswap, and USDC is the most traded stablecoin.

2.2 Lending on Sushiswap

The chart below visualizes the pools that has the most interaction from unique address. This give us the idea o the most popular lending pools among Sushiswap user. SUSHI USDC are the most popular with 322 Unique address, followed by USDT-WETH at 198 address and WETH USDC, 192.

Most Lending depositors uses USDC to put in Lending pools. This suggests, USDC is the most popular lending asset, on top o stablecoins being the most popular asset type in Sushiswap lending pools.

Based on the withdraw Deposit trend, There are much larger withdrawal volume than deposit volume since May 5th.

The largest withdrawal made is on June 27th, valuing at 1.2 M USD.

The table above shows the address that withdraws on June 27th. Based on the table above, there is one address that made the large withdrawal, valuing at 1.207 M USD. It is a strategy contract.

3.0 Conclusion

Stablecoin pair pools on Sushiswap are the pools that receives the most swap transactions. WETH is the most traded asset , and USDC is the most traded stablecoin among Sushiswap users. SUSHI/USDC is the most popular lending pools and USDC is the most popular asset to deposit in lending pools.

The largest withdrawal made in recent market volatility is done by a strategy contract address.