Try Quests to earn cryptoTrend analysis (Sushi Bounty)
Analyze the trend of active users and number of swaps for sushiswap and draw a comparison with Uniswap. Describe the trends that you see
In this presentation, I have examined different trends in the sushiswap. To better understand these trends, I have compared them with uniswap. The number of active users and the number of their transactions are among the things I intend to explain in this article. Then I compared them to my sushiswap platform. The graphs and queries used in this article are related to October 2021 to the date. In fact, I have prepared a 180-day or 6-month report.
In this report, I have calculated several transactions related to one transaction as one number. Also, the data of some transactions was not clear, so I deleted them. From the dex_swap table, I found user transactions, then merged with udm_events to find the correct user-related transactions.
Finally, I filtered the date over the last 6 months
In the chart below we can see the number of daily and weekly transactions on swapsushi and uniswap platforms. This comparison is for the last 60 days.
What market share do you think each platform has? The answer to the question is shown in the diagram below. Uniswap 2 about 60%, Uniswap 3 about 28% and sushiswap about 12% compared to each other
Trades record many daily transactions per day. In fact, active users who do daily swaps can increase the share of each platform. To find out what is the status of these platforms in the number of unique users, we can see the chart below. In this chart, we looked at the number of unique users each day on these platforms. The period of this review is related to the last 90 days.
In the chart below, we have examined 50 active people. This comparison was performed between all three platforms. As we see, the top active users are related to the uniSwap 3 platform.
Return to the main question of this article, what is the behavior of active users of these platforms. In the chart and query below, I found active users and checked the number of their transactions. Active users are users who have made more than 45 transactions in the last 90 days.
The results of the study are quite obvious. UniSwap 2 is perhaps the most popular and perhaps the most widely used platform among these three options. Perhaps the acceptability of the new currency on this platform has caused more users to use UniSwap 2. But in the next category is UniSwap 3 and the last step of SushiSwap stands. In my opinion, active users have also chosen UniSwap 2.