The graph shows daily transactions in the last year. It’s clear that Uniswap has a higher number of transactions throughout the entire period, peaking at around 140k in November 2021.

Sushiswap on the other hand has a lower number of daily transactions, peaking at 30k in December 2021.

Since then, number of transactions have declined significantly for both protocols, with uniswap most recently responsible for around 40k transactions and Sushiswap coming in at 6.5k.

Methodology

This dashboard compares the usage of Uniswap and Sushiswap over the last year based on unique transactions and unique users (wallets).

Looking at share of transactions over time, we see that Uniswap’s market share when compared to Sushiswap is relatively stable over time, despite the high fluctuations in absolute transactions observed in the graph above.

Uniswap consistently claims between 75 and 90% of the swap market when comparing these two protocols.

It is noticeable that Uniswap has been increasing its dominance since around July 2022, with Sushiswap now only having a market share slightly above 10%.

Executive summary

Uniswap claims a bigger market share in both users and transactions per day. Most recently, Uniswap has been able to increase its dominance further and is now responsible for almost 9 in 10 swap transactions. Meanwhile, volume and user numbers have declined significantly for both protocols since their peak in Q4 2021.

When comparing unique users of the protocol, the developments are in line with the transactions over time. Unique daily users peaked for Uniswap in November 2021, at around 80k. Sushiswap had its highest number of daily unique users in December, at about 20k.

Since then the numbers of both protocols have declined significantly, now coming in at around 20k for Uniswap and only about 4k for Sushiswap.