Sushiswap and Uniswap are two premier DEXes on the Ethereum mainnet. A DEX's efficiency in swapping, i.e slippage is usually a function on the TVL locked in the DEX pools. In this dashboard, we will look into the TVL of Sushiswap and Uniswap over the past three months.

We will be using ethereum.erc20_balances table, finding addresses that belong to these respective ecosystems and aggregating their balances USD values.

Since the market has been on a downturn since late November, we can see the down trend in Total value locked. Not only is the value of assets locked is going down, but LPs could be withdrawing assets inorder to save themselves from Impermanent Loss.

The trend of both Sushiswap and Uniswap has been similar mostly.

This could suggest that LP withdrawals are less of an factor, the market conditions are the main factor. Its also to be seen that Uniswap has around 2 to 4 Billion USD more than Sushiswap, a first mover advantage from almost 3 years ago.