Daily Average of Swap Sizes of Top Ten Liquidity Pools in Terms Of Locked Value

Swapping is the process of directly exchanging one crypto asset for another without having to conduct a crypto-to-fiat exchange. You can exchange any cryptocurrency for another even if the pair is not live on the spot market. This eliminates paying transaction fees more than once. SushiSwap is one of the decentralized exchanges (DEX) that provides coin swapping facility. SushiSwap is also non-custodial, which means that unlike centralized exchanges - SushiSwap does not need to possess your tokens in order for you to be able to trade them. Instead, SushiSwap allows users to trade trustlessly, peer-to-peer, with liquidity that is supplied by other users. This means that new projects can easily connect to their desired markets as long as some entity is willing to provide the liquidity. To be a liquidity provider, holders of any token need to supply equal parts liquidity for that token (sometimes called the quote token), and a second token (usually ETH, or a stable coin). In return, these holders receive SushiSwap liquidity provider (SLP) tokens that represent their share of the pooled liquidity for that token pair. The existence of this pooled liquidity gives other traders access to the underlying tokens in exchange for a small fee, which is distributed proportionately to all of the liquidity providers.