Introduction to Ethereum Analytics

    Ethereum_Core Table Walkthough

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    In our new review, we compare two pools related to WETH-USDC and WBTC-WETH.

    The different parts of our review are as follows:

    • USDC Volume in Sushi WETH-USDC Pool
    • USDC Volume in Sushi WBTC-WETH Pool
    • WETH-USDC Pool vs. WBTC-WETH Pool
    • Conclusion
    • USDC Volume in Sushi WBTC-WETH Pool

    Now let's look at the USDC Volume in Sushi WBTC-WETH Pool. The new review is between April 1 and April 15, 2022. On April 6 and 11, we see the growth of USDC volume, which is the highest level in the above period.

    • WETH-USDC Pool vs. WBTC-WETH Pool

    Finally, we compare WETH-USDC Pool and WBTC-WETH Pool between April 1 and April 15. On all examined days, the volume of USDC related to WBTC-WETH is much lower than the volume of USDC related to WETH-USDC. As can be seen in the chart, the volume of USDC related to WBTC-WETH is almost negligible compared to the other.

    • Conclusion

    It seems that the tendency of users in Sushi is more towards WETH-USDC Pool. Of course, the conditions of the crypto market have become such that for some time investors are more inclined towards stable coins like USDC. The bear market has caused investors to be more cautious than in the past and experiment more with swaps on WETH and USDC. The strength of WETH-USDC Pool is much higher than WBTC-WETH Pool on all the examined days. Therefore, it can be said that market conditions will have a direct decision on different pools.

    Of course, investors at that time may have been thinking about short-term investments, and for this reason, the number of swaps has turned to WETH and USDC, which is a popular stable coin.

    • USDC Volume in Sushi WETH-USDC Pool

    First, we will review the USDC Volume in Sushi WETH-USDC Pool over the past seven days. Apparently, when the market conditions are good, the number of swaps increases and naturally the volume also increases.

    On July 18, it reached its maximum in the last seven days and we see $13.8M.

    The number of swaps reached 1,663 on the same day and the Sushi has seen an increase in the past seven days.

    Author: Amir (Twitter: )

    Thanks ==flipsidecrypto== and ==layer3.xyz== teams