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    #3.TVL Sushi vs. Uni

    Question 39: Show the daily Total Value Locked (TVL) on Sushiswap over the past 3 months. How does this compare to the daily TVL on Uniswap over the same time period?

    What is SushiSwap?

    SushiSwap is an AMM or Automated Market Maker that was built after a hard-fork from Uniswap to ensure that it can improve upon all the aspects, like community governance and DeFi features, that were missing on the Uniswap DEX

    What About Uniswap?

    Uniswap is a cryptocurrency exchange which uses a decentralized network protocol(wikipedia). Uniswap is also the name of the company that initially built the Uniswap protocol.

    The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. As of October 2020, Uniswap was estimated to be the largest decentralized exchange and the fourth-largest cryptocurrency exchange overall by daily trading volume.

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    TVL Sushi vs. Uni

    To compare the amount of money that is invested daily in the liquidity pools of these two protocols, we used Atrium's main tables in this regard, namely dex_liquidity_pools and erc20_balances.

    The final chart is as follows:

    What We Get ?

    Examining the above chart, what can be seen at first glance are three issues :

    • First, the amount of liquidity in Uniswap pools (versions two and three) is much, much greater than the corresponding amount in the Sushswap protocol.
    • The second point is that in November, both of these protocols had a higher volume than their average trend in the following months.
    • In the current year, the amount of liquidity of both has decreased very, very much.