Sushi Activity on Ethereum

    How did the recent spike in market volatility affect the overall activity of sushi on Ethereum? Analyze both swaps and lendings?

    Hello! In recent months crypto market is not in its best days and many defi projects have damaged a lot, in this dashboard we are reviewing SushiSwap activities n last 3 month and compare it with 3 month earlier, when crypto markets has many green days on it, so at first let's start with the swaps on the SushiSwaps platform:

    Loading...
    Loading...
    Loading...

    As we see, swaps number in first 3 month is more than beginning month of the year, but how much? let's compare them:

    As we see, almost 55 percent of sushiswap's swap, has happened in the first 90 days of it!

    Also if we look to the daily swaps chart, we see both the highest swaps in one single day record is in second period but anyway in total counts, first period is the leader:

    But how about the wallts? let's see

    Loading...

    So both in swaps number and unique wallets number first 3 month of 2022 have the lead.

    Lets dive into the sushi's pools now!

    at first lets find top pools by swaps number:

    Loading...

    And for last 3 month:

    We see OHM-wETH pools decreasing Swaps rate and also 2 changes on top 5.

    If to look to the swaps counts of the top 2, u see both wETH-USDC and also wETH-USDT pools swaps number has increased comparing than first 3 month. both time frames.

    After knowing about the pool let's find the top swapped token in both time frames:

    Loading...
    Loading...

    The top 3 rankings is the same in both time frames, although we have decreasing swaps numbers for weth and usdc and increasing for usdt, dai and gohm also switched their places.

    After reviewing swaps, let's find info about the lending platform, and at first take look on the transactions counts:

    Loading...
    Loading...
    Loading...

    First 3 month of 2022 has higher total lending transactions number too, in fact in first 3 month, pool were nosier than recent 3 month!

    but we know lending pool transactions has 2 types: depositing and withdrawal, so it's time to find out each type of it:

    Loading...

    As we see users prefer to Withdraw from the lending pool, but what about recent 3 month?

    Loading...

    As we see, withdrawal rate is hugely increased here, maybe people prefer to use defi less than normal days in bear markets!

    SO final results now:

    • The transaction counts in both swaps and lending pools at first 3 months of year 2022 have higher share than the next 3 month of it and the reason might be because of bear market conditions, an maybe people prefer not using defi features in unsafe conditions.
    • Stable coin LP has very high popularity on defi dexs like SushiSwap and it's on top always, regarding from crypto markets conditions

    Well. that's it, thanks for reading :)

    Loading...
    Loading...
    Loading...
    Loading...