Methodology

• We examine the swapping behavior of the Celsius network on Sushi and Uniswap by counting the number of swaps.
• We investigate the top 10 tokens that Celsius network wallets are swapping to and from.
• We then calculate the top 10 Celsius network wallets according to the number of swaps.
• We've identified the top 10 tokens owned by the Celsius network wallet with the most swaps.

The chart above displays the number of monthly swaps for Celsius network wallets on Sushiswap and Uniswap. The number of swaps seems to fluctuate over time, reaching a maximum in April 2021. We observed that in 2020, the Celsius network's wallets used Uniswap rather than Sushiswap for swaps. From 2021 onwards, however, we discovered that the Celsius network's wallets were using Sushiswap rather than Uniswap for swapping.

The pie chart illustrates the fraction of the total number of swaps (swapping from) held by each token. 33.5 percent of token swaps are from LDO to other tokens, which is the highest percentage. WETH has the second-highest proportion of swaps at 25.2 percent, followed by VSP token at 12.6 percent.

The pie graphic represents the proportion of total swaps (swapping to) held by each token. 74.8 percent of token swaps include the swap of other tokens for WETH, the highest proportion. WBTC has the second-highest share of swaps, with 10.5 percent, followed by USDC token, with 6.74 percent.

As seen in the chart above, we can see that the celsuis's wallet of 0xdb5aa12ad695ef2a28c6cdb69f2bb04bed20a48e has the most number of swaps among all celsuis's wallets.

The above pie chart depicts the tokens held by 0xdb5aa12ad695ef2a28c6cdb69f2bb04bed20a48e. We discovered that 30.7% of cETH is held by the wallet of 0xdb5aa12ad695ef2a28c6cdb69f2bb04bed20a48e. cWBTC ranked second with 24,7 percent, followed by aWETH with 23,2 percent.