Try Quests to earn cryptoSushi vs Uni on L2
Compare the market share of Sushiswap and Uniswap on the following L2 chains. Polygon, Arbitrum, Optimism. Use measures such as number of trade or number of swaps, etc. Date Created: 17/10/2022
INTRODUCTION
UNISWAP is a decentralized exchange that allows users to trade Ethereum tokens without the need for an account or fees. The protocol is powered by the Ethereum blockchain and enables anyone to create a market for any ERC20 token.
SUSHISWAP is a decentralized exchange built on the Ethereum network. It leverages smart contracts in order to provide liquidity pools that allow users to directly trade crypto assets. Users can also become liquidity pool providers in order to receive rewards whenever anyone utilizes that pool.
METHODOLOGY
In this dashboard we will compare Uniswap and Sushiswap on the L2: Arbitrum, Optimism and Polygon chains on the metrics:
Daily number of swaps / users
Total number of swaps / users
Avg number of swaps per user
Mean/Median/Max/Min daily number of swaps.
DATA SOURCES: Data were taken by ARBITRUM / OPTIMISM / POLYGON core.fact_event_logs tables.
ARBITRUM
OPTIMISM
POLYGON
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On Arbitrum Uniswap wins but it is close with Sushiswap.
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On Optimism Uniswap dominates Sushiswap on all metrics.
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On Polygon Sushiswap had a head start and is winning in total metrics but this year it lost its momentum with Uniswap gaining traction and closing in the difference.
On the left we see the daily number of swaps. Until the end of the summer volume was roughly stable at 3k-5.5k for Uniswap and 2k-5.5k for Sushiswap. After September volume more than doubled reaching total levels >20k swaps per day. Uniswap had a big increase up to 30k and is declining since to 10k daily. Sushiswap also briefly reached 30k but it later dropped to 6k-9k daily.
Daily number of Users follow a similar pattern with stable users until September and then doubling almost immediately. Uniswap on the summer had 1.5k-2.5k daily active Users and then reached levels of 10k+ for a few days and on October is settled around 5k Users. Sushiswap had 1k-2k users and then peaked at 10k+ on the start of September and on October it settled at 3k-4k daily.
On Arbitrum Uniswap has 317k Users with a total 1.5M trades, 7 trades per user on average and on a daily basis an average number of trades of 8.3k, a median of 5k, a max of 29k and a minimum of 2k. Sushiswap has 163k Users with a total of 1M trades, 6.2 trades per user on average and on a daily basis an average number 0f trades of 5.6k, a median of 3.7k, a max of 33k and a min of 1k.
Uniswap has won the fight on Arbitrum till now but it is close.
On the left we see the daily number of Swaps on Optimism. Unswap started on November 2021 while Sushiswap on May 2022. With this 6 month lead Uniswap has the majority of swaps here with levels of 2k-3k before September and after that increasing to 30k+ daily but being highly volatile and on October being at 10k+.
Sushiswap only surpassed 1k swapa for a few days on September and most of the time has lower than that.
Uniswap had pretty stable number of users until May -around 1k - later increased to 1k-2k and on October it has consistanly 3k-6k daily users.
Sushiswap has always less than 100 users with only a few exceptions.
On Optimism Uniswap has 204k Users with 1.6M number of swaps with an average 8.1 swaps per user and on a daily basis an average of 5k swaps, a median of 2.8k, a max of 31k and a min of 2.
Sushiswap has 4.5k Users with 73k swaps with an average 16 swaps per user and on a daily basis an average of 463 swaps, a median of 354, a max of 2.9k and a min of 1.
Uniswap DOMINATES on Optimsim!
Data on Polygon date back to September 2021. Sushiswap had the majority of the swaps at that time with the daily number of swaps at 10k-20k and Uniswap was basically non-existent until the end of 2021. After that Sushiswap volume started declining until today dropping to levels of 2k swaps daily. Meanwhile Uniswap had an increased volume until today reaching volume of 10k+.
Users follow a similar pattern with Sushiswap having 3k-10k users until the end of 2021. Then it started dropping to less than 1k these days. Uniswap started increasing this year reaching levels of 4k+ these days.
On Polygon Uniswap has 227k Users with 2.6M trades with an average of 11.6 trades per user and on a daily basis an average of 6.5k swaps, a median of 6.3k, a max of 24k and a min of 1.
Sushiswap has 453k Users with 3.7M trades with an average of 8.1 trades per user and on a daily basis an average of 8.7k swaps, a median of 7.5k, a max of 46k and a min of 543.