Sushiswap Swap Transactions

    This dashboard explores the swap transactions on Sushiswap in February 2023.

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    Introduction

    Sushiswap is a decentralized exchange that operates on the Ethereum blockchain, providing users with a platform to buy, sell, and trade various cryptocurrencies. This analysis focuses on swap transactions that took place on the platform in February 2023. The dashboard examines key metrics, such as the number of unique transactions, amount of tokens sold, most popular liquidity pools, and the most frequently exchanged tokens.

    Number of Transactions

    In February 2023, the platform recorded approximately 246,000 unique transactions. Although the majority of days showed a similar number of transactions, there were four dates with significantly more transactions: the 2nd day had the highest number, followed by the 3rd, 16th, and 22nd.

    Amount of Tokens Sold

    In February, the platform sold approximately $966 million worth of tokens, with February 22nd being the day with the largest amount sold. The 2nd and 3rd days also had a significantly high number of tokens sold, which may be attributed to the high volume of transactions that occurred during those days.

    Most Popular Liquidity Pools

    The most popular pools Fberuary 2023 were ranked by number of swaps made in the pool. USDC-WETH pool was found to have the largest number of swaps among the top 10 pools, making it the most popular liquidity pool on the platform during that period. Approximately 60 thousand wallets made swap transactions on the platform during this period, and out of those, approximately 35 thousand wallets swapped tokens in one of the top 10 liquidity pools.

    Most Popular Tokens Sold

    The most popular tokens were ranked based on their number of swaps, following the same methodology as the most popular pools. The results revealed that in February 2023, WETH was the most requested token among users, as it had the highest number of swaps. The majority of the top 10 pools were comprised of WETH pools, which explains why WETH emerged as the token with the most swaps.

    Conclusion

    The analysis of Sushiswap's activity in February 2023 revealed that over 246,000 transactions took place, resulting in the sale of tokens worth $966 million. The USDC-WETH pool was the most frequently used, and WETH was the most commonly traded token. The platform had a user base of around 60,000, with 58% of them conducting swaps in the top 10 pools.