Introduction

• What did the volume look like in decentralized exchanges on ethereum during that period?

• Which assets were being sold/bought the most?

Method

• In this dashboard, I use flipside_prod_db.ethereum_core.ez_dex_swaps table to calculate volume inflow to the Dexs as sold tokens and volume outflow as bought tokens.

• The results are shown in the following.

Analysis

Observation

• Volume inflow and outflow to the Dexs are shown in the above chart. As can see in the volatile period of time, volume inflow to the Dexs is significantly more than outflow from the Dexs, which indicates volume for sale is greater than volume to buy. Especially on May 13th, when the volume was 8 times more than the outflow. 

Sold tokens

• As of the above chart, the PN token, with more than 55.3% shares of volume, is a token that was being sold during the huge volatility that was followed by WETH and USDC.

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Bought tokens

• As of the above chart, the WETH token, with more than 48% shares of volume, is a token that was being bought during the huge volatility that was followed by USDC and USDT.