Celsius and Sushi

    Method

    Through the utilization of the table flipside prod db.crosschain.address labels I attempted to locate the Celsius addresses by using the name of the Celsius wallet address. and with the usage of this address, compute user activity on the Cross-chain EZ swap table, which includes swaps, lending, LPing, and farming.

    Analysis

    Vis 1 to 3: overall view

    Vis 4 to 7: Metrics on daily

    • I uncovered The Celsius wallets will only allow one stablecoin exchange in 2022. On April 29th, 2022, around 52k coins were swapped, for a total of 342k.

    • In 2020, there were 11 swaps conducted by 6 users, while the remainder of them took place in 2021.

    • on Aug 2th, the $USDT swapped more than 100k per day

    Conclusion

    As I searched through the tables, I discovered that there were insufficient data to perform a thorough analysis of the Celsius wallets. From the results of this investigation, we are able to draw the conclusion that they do not trade their stablecoins via Sushi. The USDC, USDT, and DAI stablecoins were used in Celsius wallets more frequently than any other stablecoins.

    About:

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    Q104. Find out what Celsius platform has done on sushi (swaps, lending, LP'ing, farming).

    Make sure to use cross-chain tables as much as possible to capture data on all chains. currently, we have swaps, lending, and borrowing data cross-chain.

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    Vis 8 & 9:

    • The total count of transactions and total amount of swapped volume per token are shown,
    • $USDT, $USDC & $DAI have has most in total as excepted.