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    Sushibar vs. Secondary Market

    What percentage of xSushi holders have bought some xSushi from the secondary market (exchange) rather than turning to the sushi bar. Do you see a pattern? Can we tell anything about the profile of these addresses?

    What is SushiSwap?

    Sushiswap a decentralized cryptocurrency exchange and automated market maker built on Ethereum. Holders of SUSHI can participate in community governance and stake their tokens to receive a portion of SushiSwap's transaction fees.

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    What is the Sushiswap Sushibar ?

    sushiswapclassic.org/staking allows you to stake your Sushi and receive xSushi in return and then you stake it in the xSushi pool. When users make trades on the SushiSwap Exchange a 0.3% fee is charged. 0.05% of this fee is added to the SushiBar pool in the form of LP tokens for the relative pool.

    XSUSHI Swap Metrics

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    The two graphs above show the Weekly xSUSHI Dex swap volume a Total xSUSHI users. These graphs show that less than a total of 200 addresses have used a Dex swap to buy xSUSHI, and most weeks there is over $10 Million in xSUSHI swap volume.

    SushiBar Metrics

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    The two graphs above show the total number of SushiBar Depositors and the SushiBar Deposit volume. The two graphs above show that the deposit volume on SushiBar is 5x-10x the swap volume of XSUSHI on Dexs. Also the total number of Sushibar users is 34,000, over 100x more users than xSUSHI pools.