Celsius Swaps

    Q95. Find out about the swapping behaviour of Celsius network on both Sushi and Uniswap. Which tokens did they swap the most. From which one of their wallets did they conduct most of the swaps?

    db_img
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    1) Sushi swaps behavior on Celsius network

    2) Uniwsap swaps behavior on Celsius network

    Conclusion

    Based on the above diagrams, it can be concluded that the most tokens exchanged based on their number of swaps in the Celsius network in Sushi is a token with a LDO symbol that has been able to occupy a 35% share of the swap volume. In Uniswap, however, it is the WETH token that has a 21.5% share in swaps. Examining the Tokens-swap USD Volume weekly behavior charts, it can be seen that the highest volume of USD swaps in Sushi was in April and November 2021, while this figure was in Uniswap in April and May 2022. Finally, using the charts of the top 10 wallets, you can see the top wallets that conduct most of the swaps in Sushi and Uniswap on Celsius network.

    Introduction

    Celsius Network is a crypto currency earning and borrowing platform. Founded in 2017 they have grown to over $19 Billion in Assets and have 1.6 million users. Since it’s inception Celsius has paid out over $937 million in rewards to the Celsius Community and holds 106 thousand Bitcoin.

    Swaps allow you to exchange assets supported on the Celsius platform without icurring trading fees. You cannot directly swap one to one for every asset on th platform yet. So, you May need to do a couple swaps to move to the asset you want. However, no trading fees so it’s not a show stopper. Swaps are currently in Beta but rolling out fast. Using swaps in Celsius is much safer than transferring out to exchanges. Swaps are allowed wile in HODL mode. (Source)

    Results

    Methodology

    In this Bounty swapping behavior of Celsius network on both Sushi and Uniswap and top wallets which conduct most of the swaps should be examined.

    1) Swapping behavior of Celsius network on both Sushi and Uniswap

    In this part for Sushi examination, "ethereum.sushi.ez_swaps" table was used to achieve data such as "Token's Symbol", "Date", "Count" and "Volume USD". With the hint of the question, all achieved data were filtered for Celsius network.

    For Uniswap examination, "ethereum.core.ez_dex_swaps" table was used to achieve the same data as the last part. By selecting "Token's Symbol", "Date", "Count", "Volume USD" and filtering Celsius network data, all the data required by this Bounty are easily visible.

    2) Top wallets which conduct most of the swaps

    In this part of the Bounty, for Sushi, "ethereum.sushi.ez_swaps" table same as the swapping part was used, but different data such as "origin_from_address", "tx_hash" and "amount_in_usd" were selected and filtered for Celsius network.

    For Uniswap top wallets analyzing, "ethereum.core.ez_dex_swaps" table such swapping part was used and different data such as "origin_from_address", "tx_hash" and "amount_in_usd" were selected and filtered for Celsius network.