The Sushi ecosystem has a lot of applications running in a composable manner but at the core of everything is the decentralized exchange (DEX). For a DEX to be operational, there needs to be funds to facilitate the seamless exchange of crypto tokens in a permissionless manner. These funds are called liquidity pools or pools for short.
In this publication, we want to know the pools responsible for most of the activity that happens on Sushiswap. To execute this, we shall query the Ethereum blockchain over the past 90 days to look at two metrics; the top 10 Sushiswap pools by swap count, and the 10 top Sushiwap pools by volume.
The chart above displays the top 10 Sushiswap pools by swap count and as you can see, the USDC-WETH pool is the most popular by transaction count and is followed by WETH-USDT, OHM-WETH, and DAI-WETH.
Next up, let us take a look at the same pools but this time chart their breakdown by volume over the past 90 days.
USDC-WETH again leads in terms of volume, followed by, WETH-USDT, OHM-WETH, and DAI-WETH. We can see that 3 out of the top 5 pools are stablecoin pools. In recent times, due to the bear market stables have become the go-to strategy to hedge against volatility in the crypto capital markets.