Active Weekly Users

    For Uniswap & Sushiswap

    1. Objective

    The goal is to visualize and compare weekly active users of Sushiswap and Uniswap. The period under assessment is one year. Also, uniswap v2 and v3 are combined together as one.

    2. Weekly Active Users

    The graphs below show the weekly active users for Uniswap and Sushiswap respectively. Weekly active users is a metric that is a strong indicator of adoption, so we can infer from the graphs the velocity at which both ecosystems are being adopted. We shall be looking at the lower threshold in our analysis.

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    We can see that for Uniswap, the lower threshold does not go below 270 as the active users hover around 300 - 350 weekly. For Sushiswap, weekly active users slowly rose from about 100 in February 2021 to hovering around 200 in October. Although weekly active users for Sushishap have never fallen below 150 since June 2021, the numbers are still lower than that of Uniswap's lower threshold.

    3. Conclusion

    We can conclude that Uniswap has more weekly active users than Sushiswap, however, Sushiswap is steadily gaining market traction.