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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    Lending :

    I used ethereum.sushi.ez_lending table.

    (note :There seems to be a problem with the data on this table !).

    • 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:

    1. the number of swaps has increased from June 10 to June 20.
    2. The Volume in USD of swaps pumped sharply in June, from $ 68 M on June 12 to about $ 260 M on June 13.
    3. The cumulative volume in USD of swaps has reached $ 1.5 B in the past month.
    4. the volume in USD of withdrawals has increased since June 16 and has reached $ 95,000 in the past month.
    5. The volume in USD of deposits has also reached $ 24,000.
    6. 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.