What Is a Swap?

A swap is a derivative contract through which two parties exchange the cash flows or liabilities from two different financial instruments. Most swaps involve cash flows based on a notional principal amount such as a loan or bond, although the instrument can be almost anything. Usually, the principal does not change hands. Each cash flow comprises one leg of the swap. One cash flow is generally fixed, while the other is variable and based on a benchmark interest rate, floating currency exchange rate, or index price.

In the 2 below charts see:

1. The first chart shows Top 10 Swap Pairs of Sushiswap ( based on Number of Swaps ) :

In this chart, the highest amount of swap is related to WETH-->USDC, is 175.13k, and among these Top 10, the lowest amount of swap is related to DAI-->WETH, with amount of 36.006k.

2.Next chart is Top 10 Swap Pairs of Uniswap ( based on Number of Swaps ) :

In this chart, as in the previous chart, the highest amount is related to the swap between USDC and WETH, although for the swap, it is the opposite of the previous chart. that's mean USDC-->WETH with a value of 2.281336M. In this chart, the lowest swap amount is DAI, but in this chart, it is DAI-->USDC and its amount is 124.565k.

1. In the daily number of unique users, it can be seen that the highest amount for uniswap is on Jan 20, then the amount decreases, but we see the highest amount of sushiswap on Jan 1.
2. But what can be seen in the daily number of swaps chart It has fluctuated a lot and finally May 11 uniswap and sushiswap have reached their maximum amount.

In the Total number of swaps and unique users chart, it can be seen that the amount of swap in uniswap is much higher than other transactions and its amount is 10.85108 M.

Unique user

According to the IFABC Global Web Standards, a unique user (UU) is "an IP address plus a further identifier."[1] The term 'unique user' may be used interchangeably with 'unique visitor' (see below). In systems where users are allocated IP addresses dynamically (for example by dial-up Internet service providers), this metric may overstate or understate the real number of individual users who have accessed a given website.[citation needed]

Unique user counts for websites are typically counted by using cookies. When a browser visits a website, the website checks for its particular cookie. If the cookie is present, it is recorded, and the number of unique users increases by one. If the cookie is not present, the website will create a cookie, and the number of unique users will be updated.

What is Uniswap?

A beginner's guide to the popular decentralized exchange (or DEX) on the Ethereum blockchain. It allows users anywhere in the world to trade crypto without an intermediary.

Definition

Uniswap is the largest decentralized exchange (or DEX) operating on the Ethereum blockchain. It allows users anywhere in the world to trade crypto without an intermediary. UNI, the governance token that allows users to vote on key protocol changes, is the fourth largest cryptocurrency by market cap on Coinbase as of April 2021 — with a total value of more than $18 billion.

What is SushiSwap?

SushiSwap is an Ethereum-blockchain DEX founded by pseudonymous open-source developers Chef Nomi and 0xMaki and initially launched as a copy of Uniswap.

As a clone of Uniswap, SushiSwap was a platform to swap tokens without the need for a middleman or intermediary. To make SushiSwap unique, the founders added new features including liquidity mining and governance through SushiSwap’s SUSHI token.

In the above two charts, we can see that the percentage of uniswap is higher than that of sushiswap in the percentage of unique users and swap charts.