Sushiswap and Uniswap

Uniswap and Sushiswap are two popular DEXs that support many chains and tokens. Optimism, Polygon, and Aribitrum are Ethereum Layer-2 Chains and help the Scalability in Mainnet, also users can enjoy Low Fee Transactions and Swaps.

this dashboard will compare Sushiswap and Uniswap on these three L2 Chains.

Scopes

1. Swaps and Swappers Count Weekly and Cumulative
2. New Pools over time
3. Market share in terms of Users and Swaps

Method

• there are specific tables for Sushiswap for chains

• for uniswap I found the data using the contact addresses:

  0x68b3465833fb72a70ecdf485e0e4c7bd8665fc45, 0xe592427a0aece92de3edee1f18e0157c05861564

🟠 Observations

• Sushiswap/Polygon with 585K unique users has the highest number of users, but most of them are inactive
• the Sushi/Optimism with only 4.4K users has the lowest user base
• the other four Chain/DEXs user bases are so close and have between 200K - 226K users
• weekly new users on Sushi/Polygon is about 5.7 percent, but Uniswap/Arbitrum, Uniswap/Optimism, Sushiswap/Arbitrum, and Uniswap/Polygon have a close market share of new users with about 23 percent on average
• Uniswap with about 70% of new users’ market share is higher than Sushiswap

🟠 Observations

• Until November 2021, only Suhsiswap/Polygon existed and had above 50K unique users each week
• Uniswap by supporting Polygon in Jan could gain 35 percent of the market share and Sushiswap/Polygon declined to 57 percent
• as of today, the Sushiswap/Polygon has the lowest market share after Sushiswap/Optimism
• Uniswap has a higher market share of active wallets

🟠 Observations

• Sushiswap on Polygon is the oldest DEX/Chain among these chains, and the next one is Uniswap on Optimism launched in November 2021, Sushiswap and Uniswap added the Arbitrum on April 18th
• The highest rate of market share in terms of swap count belonged to Polygon/Sushiswap, but after each new chain’s support, the market share decreased, and Uniswap by adding Polygon, could gain a big share of the market in Jan 2022.
• the lowest market share belongs to Optimism/Sushiswap with under 0.2 percent, the next one is Polygon/Sushiswap at 5.5 percent
• Uniswap with about 70 percent of Swaps market share is higher than Sushiswap

💡 Conclusion

• The highest rate of market share in terms of swap count belonged to Polygon/Sushiswap, but after each new chain’s support, the market share decreased, and Uniswap by adding Polygon, could gain a big share of the market in Jan 2022.

• currently, the lowest market share belongs to Optimism/Sushiswap with under 0.2 percent, the next one is Polygon/Sushiswap at 5.5 percent

• Uniswap with about 70 percent of Swaps market share is higher than Sushiswap

• as of today, the Sushiswap/Polygon has the lowest market share after Sushiswap/Optimism

• Uniswap has a higher market share of active wallets

• Sushiswap/Polygon with 585K unique users has the highest number of users, but most of them are inactive, Sushi/Optimism with 4.4K has the lowest user base

• Uniswap/Arbitrum, Uniswap/Optimism, Sushiswap/Arbitrum, and Uniswap/Polygon user base are so close and have between 200K - 226K users

• Uniswap with about 70% of new users’ market share is higher than Sushiswap

• Unisawp/Polygon with 3221 Pools has the highest number of pools with a big difference

🟠 Observations

• Unisawp/Polygon with 3221 Pools has the highest number of pools with a big difference
• the second one is Sushiswap/Polygon with 858 pools
• Uniswap/Polygon on average has 60 new pools
• recently Uniswap/Arbitrum could gain a good number of new pools with about 18 pools per week on average