Introduction

The goal of this analysis is to identify the 10 most recent coins introduced in the Sushiswap exchange. Established in 2021, Sushiswap is among the leading DEX in the market.

Ethereum

We first look at sushiswap on ethereum

Methodology.

1. Use the ethereum dex swaps table.
2. Filter out all swaps done on the DEX Sushiswap.
3. Group them by token address and identify the first transaction.
4. Order the result based on the first transaction
5. Select the 10 most recent coins.

The above table gives us a list of the 10 most recent coins added to sushiswap on ethereum. It can be seen that a majority of them have taken place in the last two days indicating that the sushiswap is a very healthy DEX, with new coins coming in oftern

Polygon

Using the same method, let us look at the 10 most recent coins on polygons sushiswap. Here, instead of using DEX swaps table, we use polygon udm_events table. However, the other steps remain the same.

The above table gives us the 10 most recent coins listed on polygons sushiswap. It can be noticed here that the date ranges for almost a month,ie. from 3rd March to 7th April 2022. This indicates that the sushiswap on polygon is not as popular as it is on ethereum. We also notice that there are no common coins.

New coins and price

Out of curiosity, let us look at how many new coins were listed every month on ethereum sushiswap. and we can also compare it with the price of sushiswap. Here we consider a timeline of 7 months.

Interestingly, we see that both the new number of coins and the price of sushi swap follow the same trend. ( Well almost). To get a better understanding of the relationship, let us look at the correlation factor.

We get a correlation factor of 0.816 indicating that there might be a very strong relation between the two. Is higher sushiswap price leading to more coins on sushiswap or is it the opposite ? This is one question that needs to be studied further.