SushiSwap is a decentralized exchange (DEX) using the ethereum blockchain. It provides an alternative to liquidity provider (LP) tokens exchange. 

Using the Automated Market Maker (AMM) protocol,  SushiSwap is enabled by “smart contracts,” allowing users to buy and sell through Sushi DeFi and decentralized exchanges. 

Its native token, SUSHI, can be considered a governance token, enabling users interested in influencing future SUSHI token price and roadmap. 

Methodology

In this dashboard, SushiSwap and UniSwap version 3 are reviewed from the perspective of swap in 2022.

This analysis is about unique users and number of swaps, top 10 swap pairs of both platforms in terms of volume and number of swaps and daily chart of some swap pairs on both platforms.

So to get data of Sushiswap I used ==ethereum.sushi.ez_swaps== table and to get data of Uniswap I used ==ethereum.uniswapv3.ez_swaps== table

total volume and number of swaps in both platforms

• The total number of unique users of uniswap is 693 k and sushiswap is 469 k, which uniswap is 1.47 times more than sushiswap.
• On pie charts above we clearly see that uniswap with 59.6% of unique users and 77.4% of swaps has dominance over sushiswap in both number of swaps and unique users.

• The daily number of unique uniswap users is equal to 10k and users Sushiswap is equal to 8k, we see a decrease in the daily number of unique users on both platforms, on June uniswap users reduced to around 6K and sushiswap users reduced to around 2.5K, and since June number of unique users has been increasing for both platforms with more slope for uniswap.

• As shown above day #19 has most swaps among all days of the month with 498,096 swaps and day #11 has most users among all days of the month with 102,635users
• As it is clear in the chart, most days have the same share in terms of the number of exchanges and users, except for a few days that are special, such as 31.30. and 29, which have the lowest value

• Total swaps of top 10 pairs on sushiswap is 851,000and 3 most swapped pair on sushiswap is 1-wETH/USDC with amount 174.589 k 2-USDC/wETH with amount 159.183k 3-wETH/USDT with amount 96.389k
• Total swaps of top 10 pairs on uniswap is 5,165,958 and 3 most swapped pair on uniswap is 1-USDC/wETH with amount 2,269,081 2-wETH/USDT with amount 921,893 3-wETH/DAI with amount 359,496
• As can be seen, the top 10 pairs of the uniswaps platform are 6 times more than the top 10 pairs of Sushiswap

• Total volume of top 10 pairs on sushiswap is $10.59T and 3 most volume pair on sushiswap is 1-wETH/USDC with amount 2.505359B 2-USDC/wETH with amount 2.551569B 3-wETH/USDT with amount 919.564M
• Total volume of top 10 pairs on uniswap is $925M and 3 most volume pair on uniswap is 1-wETH/ETH with amount 580M 2-sILV/wETH with amount146M 3-USDC/wETH with amount103M
• As we see sushiswap top 10 pairs had volume 11 times more than top 10 pairs on uniswap

Some common pairs between top 10 swap pairs of both platforms are:

DAI/wETH

USDC/wETH

USDT/wETH

wBTC/wETH

below u can see daily volume and number of swaps of mentioned common pairs.

• In this part of dashboard we see that all charts on the left side which are number of swaps over time chart they indicate that all 4 observed swap pairs’ number of swaps has been increasing and all charts on the right side which are volume of swaps over time chart they indicate that all 4 observed swap pairs’ volume of swaps has been decreasing that we can assume bear market and decreasing of ETH price over time is one the reasons for that.
• Also on volume charts of the pairs we see two spikes occurred on May 12th and June 13th that coordinates with market crash days.

General conclusions from the above charts

According to the charts above, Uniswap has more exchanges and transactions than Sushiswap

The trend of major users and exchanges of both platforms is decreasing, but since the beginning of July, we have seen an improvement in the situation of both platforms

on last three days of the months(29,30,31) users tend to swap less than other days.

Stable coin pairs are most popular pairs in both platforms(USDC, DAI, USDT)

Although the number of observed pair swaps has been increasing, their volume has decreased, which is the impact of the bear market on WETH and on the volume of its stable coin pairs..