Sushi Activity on Ethereum
Q96. How did the recent spike in market volatility affect the overall activity of sushi on Ethereum? Analyze both swaps and lendings?
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- As we can see, the number of swaps has increased from June 10 to June 20.
- The cumulative chart of the number of swaps has also has an upward slope from June 10 to June 24.
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- The Volume in USD of swaps pumped sharply in June, from $ 68 M on June 12 to about $ 260 M on June 13.
- The cumulative volume in USD of swaps has reached $ 1.5 B in the past month.
- As we can see, after June 13, the Volume in USD of swaps has been decreasing until today.
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- The number of swappers has been increasing since June 10 and reached its peak on June 13, after which the number of swappers has been decreasing with a slight slope until today.
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- The number of withdrawals increased on June 16.
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- As we can see, the volume in USD of withdrawals has increased since June 16 and has reached $ 95,000 in the past month. The volume in USD of deposits has also reached $ 24,000.
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As we can see, the price of Bitcoin has been declining on June 9, and on June 13, along with a sharp drop in the price, the volume in USD of swaps and the number of swaps in sushiswap have increased.
Concolusion :
From the above analysis, we obtained the following results:
- the number of swaps has increased from June 10 to June 20.
- The Volume in USD of swaps pumped sharply in June, from $ 68 M on June 12 to about $ 260 M on June 13.
- The cumulative volume in USD of swaps has reached $ 1.5 B in the past month.
- the volume in USD of withdrawals has increased since June 16 and has reached $ 95,000 in the past month.
- The volume in USD of deposits has also reached $ 24,000.
- the price of Bitcoin has been declining on June 9, and on June 13, along with a sharp drop in the price, the volume in USD of swaps and the number of swaps in sushiswap have increased.