Comparing DEXes

    Introduction

    • In this Analysis, You will read about Uniswap and Sushiswap Swaps. I compared Uniswap with Sushiswap based on these parameters:
    • Daily Swaps
    • Share of Swaps
    • Daily Users
    • Share of Users
    • Daily Volume
    • Share of Volume

    Analyzed by Hess - Reading Time Almost 4 min

    Method

    • The method was simple. I used the Dex Swap table on the Ethereum chain and analyzed the Parameters.

    What is Sushiswap?

    SushiSwap is software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets.

    ** \n What is Uniswap?**

    Uniswap is a cryptocurrency exchange that uses a decentralized network protocol. 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. 

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    Conclusion

    • Overall, Uniswap has higher Users, Volume, and transactions than Sushiswap.

    • Users: Uniswap has 84% of the total users, and Sushiswap has 16%.

    • Swaps: Again, The number of swaps in Uniswap is 84%.

    • Volume: More volume went through Uniswap with 68 of Volume.

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    Daily Swaps ( Users, Volume and transactions ) In the last 180 Days

    THANK YOU FOR READING!

    Analyzed by Hess

    Discord: hess#0890 - Twitter: hessaminanloo