68. Uniswap and Sushiswap volumes and the Ukraine war

    In this dashboard we examine the daily volumes of the Uniswap and Sushiswap volumes in 2022 and see if the Ukraine war had an effect on the overall volume or any particular token.

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    At Sushiswap USDT, USDC and DAI stablecoin volumes were have been increasing after February19 and peaked on February 24. WBTC and WETH also peaked. This makes sense, as people were pulling out of speculative vehicles into liquid and available cash when the war started and uncertainty was at its highest point.

    Besides stablecoins the other token that saw increased volumes on February 24 (and more recently on March 25 and April 10 was OHM. OHM is Olympus DAO's token that aims to serve as a store of value and be liquid on multiple blockhains.)

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    I calculated the volumes of the top10 tokens on Sushiswap and Uniswap daily for each day 2022. The tokens that couldn't make top10 were aggregated as 'Other'.

    Although the bottom of the chart is more messy, trends of the individual tokens are easier to follow on a linechart.

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    A slight increase in stablecoin volume could also be observed on Uniswap. Strangely enough the other tokens that spiked during the war were:

    Volt Inu: A hyper-deflationary token whose aim is to invest in multiple asset classes

    Para: An NFT investment token that donates 2% of sales to charities supporting veterans around the world.

    $Weapon: Megaweapon, a gaming NFT token

    BurnX: Must have burnt quick, by now even the website is reachable.