What most users do with their SUSHI token

The below chart shows the distribution of Top 5 events by users in terms of what they do upon receiving their SUSHI token. A large portion of them are sent to CEX, perhaps dumped for other assets, however a big portion of them are used to deposit in Liquidity Pools and Sushiswap treasuries.

The pie chart below shows that most users spent their initial SUSHI on DEXs rather than CEXs.

The Size

The below chart represents the volume of sushi Spent in the previous events. We can see that transfers to CEXs yields the largest volume of SUSHI.

Introduction

This analytics study the Top 5 events made by users upon receiving SUSHI for the first time.

We can see that from the pie chart below , volume spent on DEXs by these new SUSHI recipient are mostly towards CEXs.

Conclusion

Most new SUSHI recipient began to spend their SUSHI on DEXs, however those who sent it to CEXs uses larger amount of SUSHI.

Additional Insights

Since we know most SUSHI were sent to specific CEXs address like Huobi 10 and Binance 1, we may be able to determine the geographic location of these users, based on which country those CEXs address operate. That is , if those address are assigned by country.