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    Sushiswap Active Weekly Users

    Sushiswap is one of the popular decentralized exchange (DEX)that available on Ethereum and other L2 such as Polygon, Fantom, Avalanche, Arbitrum, Binance Smart Chain, Moonriver and etc. Main activities on Sushiswap are swap, provide/remove liquidity, borrow, lend, farm LP and stake governance. Number of active users is a good metric to define whether a protocol is good or not. So in this dashboard, we will compare the number of active users of Sushiswap and the ultimate blue chip DEX, Uniswap. The data are limited to Sushiswap and Uniswap on Ethereum main network.

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    Based on number of active users, Uniswap is much higher compared to Sushiswap however as we can see the number for Uniswap active users dropped from 300K+ to 150K+ after May onwards while number for Sushiswap did not drop as much. In fact, the number for Sushiswap active users has broke the past ATH while not the case yet for Uniswap.

    However seeing the percentage of total can provide better perspective. It seems that the percentage of active users on Sushiswap has increased gradually while Uniswap percentage declines.