Try Quests to earn cryptoWhale Swaps - Sushiswap
Let's take a look at the number of Whale swaps on Sushiswap, how many swaps are whale swaps and what is the total amount in USD of Whale swaps on the popular dex. With a whale swap being a swap over $150,000.
Sushiswap is a popular decentralised exchange on the Ethereum and Polygon network, the platform allows for investors to swap tokens, provide liquidity, as well as having a number of invotative opportunities for investors to gain passive income.
A great introductory video to a number of the popular passive income opportunities on Sushiswap(Bentobox, Kashi and Miso) are explained on the youtube channel Finematics - SUSHI - Most Underrated Protocol in DeFi?.
A number of DEFI protocols have chosen Sushiswap as their main liquidity provider with the well known rebase protocol OHM having the majority of its liquidity on the Sushi Dex & Klima Dao a Carbon credits protocol on polygon choosing to do the same.
• Analyse the number of Swaps being undertaken by whales daily & the sum of their value daily.
• Visualise the total value of these swaps daily & in total.
• Examine the number of whale swaps daily and the price of SushiSwap from August to November 2021.
The total value of all whale swaps on Sushiswap is £48.3 billion a huge number for a project that was launched on 28th August 2020 a little under 2 years ago.
During the month of Sushi's peak price of 15.27$ we see the highest amount of swap activity with 2393 swaps on Sep 7th. The value of Sushiwap while it has some correlation to the peaks in the number of swaps in September. In November the value dips below the value in July 2021 where the number of whale swaps were lower than in November 2021.
In the chart above we can see the number of whales swaps and the total value of those whale swaps, over time the number of whale swaps and the value of those whaleswaps has been in decline. However, we do spikes in value on January 8th 2022 of 2.44billion and April 20th of 6.5bnb. Whale swaps in April were never higher than 100 swaps, a stark difference from the number of swaps in 2021 which were never below 100. In 2021 the number of swaps exceeded 1000 on 17 occasions, while we only saw this twice in January this year.
Overall we see the number of swaps and total value of swaps are declining over time, while we have had some peaks this year on January 8th 2022 and April 20th they are outliers, with the number of swaps in the recent month of April being particularly low. We see that there has been a large amount of value swapped on the platform over the last 2 years 48 billion, showing the popularity of the DEX. When we look at the number of swaps to price of Sushi in 2021 we don't see a strong correlation between them both.