Swap Volume and Ukraine War (Sushiswap Bounties)

    Q68. How has the Ukraine war affected the swap volume on Sushi and Uniswap? Has there been a surge in demand for a particular token?

    Introduction

    We've been welcomed with some less than pleasant developments in 2022, one of which being the continuing conflict between Russia and Ukraine. In this dashboard, we'll examine the the effect of this unpleasant event on Sushi's metrics and compare it with others.

    Method

    In related to the question, current dashboard aims to determine the effects of the Ukraine conflict on popular DEXs such as Sushiswap and Uniswap's swap behavior.

    To do so, we must first determine the start date of the conflict. According to online reports, the first strike on war occurred on February 24, 2022.

    The amount of swaps input and outflow (in USD) for DEXs is approximated.

    The most popular DEX tokens are those with the highest volume of swaps.

    The following figures show the detailed findings.

    Analysis

    • This graph shows the most popular tokens that were traded for the most sought tokens on Uniswapv2 & v3 and Sushiswap over time. The USDC$ & WETH$ tokens were popular practically every day of the conflict, as illustrated in this graph.
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    • Sushiswap & Uniswapv2 & v3 are most often utilized cryptocurrency exchanges. This graph depicts the number of tx & amount of volume on this three platforms based on the USD volume of swaps. The peak of # tx in suahiswqap & Uniswapv3, as seen in the first graph, occurred on Feb 24 Just in attacks day.

    • The USD volume of swaps on Sushiswap and two others since the commencement of the Ukraine conflict is depicted in the second graph. as same can observe of this graph, the highest volume from early of Feb 2022 in Sushiswap & uniswapv3 take placed in Feb 24, attacks day.