Question

Find out about the swapping behaviour of Celsius network on both Sushi and Uniswap. Which tokens did they swap the most. From which one of their wallets did they conduct most of the swaps?

Celsius Network

Celsius Network LLC is a cryptocurrency loan company. Users are able to deposit a range of cryptocurrency digital assets, including BTC and ETH, into a Celsius wallet to earn a percentage yield or take out loans by placing their cryptocurrencies as security. As of May 2022, the company had lent out $8 billion to clients and almost $12 billion in assets under management.

>> https://en.wikipedia.org/wiki/Celsius_Network

Methodology

• In this dashboard, we review and analyze the activity of Celsius Network wallets in the field of swapping different currencies in Sushiswap and Uniswap DEXs.
• We found all addresses belonging to Celsius network by querying this table: >> flipside_prod_db.crosschain.address_labels
• Using the above addresses and using the ethereum.core.ez_dex_swaps table, we extract the swap volume of the wallets belonging to Celsius Network and then analyze it.

Data Analysis

According to the chart below, from April 2021 onwards, the volume of swaps performed by Celsius Network wallets gradually decreased. On the other hand, from February 2022 onwards, these wallets only sold various assets, so that in April, they recorded the highest sales volume (5.4 M $ USD).

The charts below also confirm that the volume of purchases of different currencies by wallets belonging to Celsius Network from Sushiswap is more than Uniswap. In contrast, the sales volume of various assets by these wallets in Uniswap is more than Sushiswap.

A comparison of the chart below with the previous chart shows that in recent months the most purchases have been made by Celsius Network wallets on Sushiswap, but the most sales have been made by these wallets on Uniswap.

The chart below shows the volume of monthly purchases by wallets owned by Celsius Network. According to the chart below, in the first months, these wallets bought all their currencies from Uniswap. But in recent months, these wallets have made all their purchases from the Sushiswap platform.

• Maximum buying volume from Uniswap: Oct 2020, 2.54M $USD

• Maximum buying volume from Sushiswap: Apr 2021, 2.64M $USD

According to the chart below, about 90% of assets sales of Celsius Network is related to WETH(22.4M $USD). In second place is the CRV with 2.1M $USD.

Celsius Network's wallets bought more WBTC, USDC and CRV currencies than other currencies.

The next section shows 5 Top Celsius Network's Wallet With Most Swaps Activity. Address "0xdb5aa12ad695ef2a28c6cdb69f2bb04bed20a48e" with about $ 5.6M USD has the largest swap volume among Celsius Network wallets.