Try Quests to earn cryptoUniswap - DEX Usage Patterns
In this dashboard I will be providing insight into any correlation in activity between Uniswap & Sushiswap. Unishwap is the leading DEX and Sushiswap is its main competitor, with both being known for offering swap functionality of tokens among other features.
• Analyse the volume of Uniswap & Sushiswap on the Etheruem Blockhain
• Have a look at how the volume of Uniswapv3 & Sushiswap compare.
• Compare the number of transactions on Uniswap & Sushiswap.
• Data selected will be over the last 90 days using: where block_timestamp > CURRENT_DATE - 90
Here we can see the volume of transactions on Uniswap and Sushiswap as there is such as high level of volume when I included all of the versions of Uniswap I've chosen to include Uniswapv3 in my comparison with Sushiswap as well.
The number of transactions on Uniswap far outnumber those on Sushiwap, on December 25, January 22th, February 24th and March 19th we can see correlations in increases in the number of transactions on both DEXs. Generally, the number of transactions have a stronger correlation than with volume, with 1 outlier on Jan 17th where Sushiswap transactions increase to 40k and a similar increase isn't seen with Uniswap. When exploring decreases in volume, sushiswap maintains it's number of transactions better with transactions increasing on a number of days where Uniswap transactions decrease,this is seen on January 30th, February 26th as well as January 17th.
The data collected from Uniswap shows a far higher level of volume than on Sushiswap, with the total market cap of crypto being 2.00 trillion, a volume of 29 trillion on December 31st is surprising. However, it's theoretically possible as bots can create lots of volume over the course of a day I still believe this to be an outlier as it's 5,800 times bigger than volume a week later.
Over the course of the last few months, Uniswap V3 has continued to maintain higher volume than Sushiswap. We can see some correlation in increases in volume on Jan 21st and December 28th. On January 4th, Uniswap volume peaks at 61 billion, where Sushiswap volume dips from 1.3 billion the previous day, to 500 million showing that an increase in Uniswap volume doesn't always lead to an increase in Sushiswap volume. Sushiswaps volume has been declining over the last month with Uniswap maintaining a similar level of volume to the start of the year.
Uniswap and sushiswap are both dexes on the Ethereum blockchain that have millions of dollars of volume everyday, Uniswap maintains both a higher level of volume in USD and number of transactions. Peaks in volume on Uniswap can have a colleration with peaks in volume on Sushiswap but there are outliers. Trasactions have a stronger coreallation with increase in the number of transactions than decreases with Sushiswap seeing increases in transactions when uniswap sees declines.
Overall Uniswap is far ahead in both volume and number of transactions on it's dex, with Sushiswap seeing recently declines in the volume in USD when compared to Uniswap which has maintained a similar level of volume to the start of the year.