Blockchain Analytics Course - 1 . Comparing DEXes

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    Overview

    Uniswap is the most popular decentralized exchange. Its first version was launched in November 2018 and the second and third were introduced in May 2020 and May 2021 respectively. Uniswap V3 now has the highest volume of daily transactions among DEXes. Sushiswap which was inspired by Uniswap is also amongst the top 20 DEXes according to CoinMarketCap data. Uniswap and Sushiswap in many aspects are comparable and always people encounter the question of which one is better.

    This dashboard compares swap activities on UniSwap and SushiSwap.

    First, descriptives will be presented. Number of swaps and swappers, and amount of swaps on both UniSwap and SushiSwap over time and cross sectional (in past 24 hours) can be found in descriptives. Then, the correlation between UniSwap and SushiSwaps will be examined.

    Finally, SushiSwap’s swaps activities on Polygon will be compared with on Ethereum.

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    Past 24 Hours

    Swaps over time

    Graphs below show how the number of swaps, number of swappers and amount involved swaps has changed over time.

    SushiSwap vs UniSwap

    We can see that the only correlation can be found is between Swap value on SushiSwap and Swap Value on UniSwap.

    SushiSwap on Polygon vs Ethereum (past 24 hours)

    SushiSwap’s swaps: Polygon vs Ethereum over time

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