4 [SUSHI] User Journey and Outflows
Swaps on Sushiswap
Sushiswap is first and foremost a Decentralized Exchange (DEX). The most basic utility it provides and what makes it similar to Uniswap. Therefore, it's important to see how the users are interacting with the swap interface.
Analysis
Users are regularly dropping off the Swap product
Plotting the last swap transaction done by a user on the x-axis, we can start to notice a pattern that everyday 3-10 users have stopped using Sushiswap's Swap product.
For some reason the peak in the number of users doing their last swaps happens in the first week of August. This seems out of the ordinary as there was no major market drop at that time.
Removal of liquidity from Pools
Looking at the daily count of addresses who have completely removed liquidity from the pools, we notice a much bigger number than the swaps metric above. The amount of users who removed liqudity appears to hover between 50-100 daily.
There has been an uptick in this number since the beginning of 2021 and this number has started to creep up slowly since August. In October, the number of users leaving Sushiswap pools broke through the 100 barrier and reached an new high of 186 on October 12th, 2021.