Methodology

The purpose of this dashboard is for us to examine the two platforms SushiSwap and UniSwap from different dimensions on the L2 chains of Arbitrum, Optimism and Polygon. The criteria we consider in this dashboard are related to swaps. Because we want to compare the networks in more detail, I divided the dashboard into 2 parts: SushiSwap and UniSwap. I put the following charts for both parts:

1. Number of daily swaps based on L2 chains
2. The number of unique users who swap daily.
3. Cumulative charts of the above criteria + distribution charts of the share of each chain.

Another part that I also considered for Sushiswap is the swap volume (in USD) on a daily basis as well as the average swap volume.

🍣 Sushiswap

• Polygon has the majority in terms of swapper and swap count from July to August 2022.

• However, after August 2022, Arbitrum surpassed Polygon as the leader in terms of swapper and swap count on Sushiswap.

• The Arbitrum has the highest daily swap count, daily swappers, and daily swap volume (in USD) on Sushiswap, followed by Polygon and Optimism.

• The Arbitrum set the highest record on Aug 10 in terms of Daily swap volume which was 36M USD then decreased and set the highest record of Daily average swap volume on Aug 10 which is 3.6k USD then decreased.

• In general, we can see a correlation between these two charts, before August 10, each had an upward trend, on August 10 they recorded their biggest record, and after that, they started a downward trend.

• The total number of Sushiswap swaps on Arbitrum was 1.1M since July 1 which is 63.2% and followed by Polygon with 680.2k which is 36.3% and Optimism with 8,392 which is 0.4%.

• On September 4, Arbitrum overtakes Polygon and has grown faster.

• In general, it can be concluded that Optimism users do not work much with Sushiswaps.

• In first place is Arbitrum with 397.7k which is 62% in terms of cumulative swappers count on Sushiswap.

• Polygon has second place with 239.3k which is 37.3% and the last one is Optimism with 4,469 which is 0.6% swappers on Sushiswaps.

• The Arbitrum overtakes Polygon on Aug 31.

🦄 Uniswap

• Unlike Sushiswap, on Uniswaps, the number of daily swaps and swappers that use Polygon is more than Arbitrum.
• The total number of Uniswap swaps on polygon was 1.3M which is 38.4% since July 1 and followed by Arbiturm with 1.1M which is 32.9% and Optimism with 1M which is 28.7%.
• After September 8, Arbitrum overtakes Optimism in terms of cumulative swap count.
• In first place is Polygon with 423.7k which is 37.9% in terms of total swappers count on Uniswap.
• Arbitrum has second place with 43.2k which is 36.1% and the last one is optimism with 291.3 which is 26% swappers on Uniswaps.
• Arbitrum overtakes Optimism on Aug 28 in terms of cumulative swapper count.

Conclusion

• Sushiswap
  • The Arbitrum has the highest daily swap count, daily swappers, and daily swap volume (in USD) on Sushiswap, followed by Polygon and Optimism.
  • In SushiSwap, the rank of the chains is Arbitrum, Polygon, and Optimism respectively.
  • In general, it can be concluded that Optimism users do not work much with Sushiswap.
  • The Arbitrum overtakes Polygon in terms of swap metrics.
• Uniswap
  • The number of daily swaps and swappers that use Polygon is more than Arbitrum. In another word, the rank of the chains is Polygon, Arbitrum, and Optimism.
  • Arbitrum overtakes Optimism in terms of cumulative swapper count and cumulative swaps count.

What are DEXs?

When it comes to Decentralized Exchanges (DEXs) built on the Ethereum (ETH) blockchain, Uniswap (UNI) and SushiSwap (SUSHI) are two major contenders. They are the two main DEXs within the Decentralized Finance (DeFi) space.

DEXs enables users to exchange their assets without substituting the detention of their assets to other parties, thereby preventing the security problems of centralized trades. In addition, DEXs empower better privacy due to the scarcity of Know Your Customer (KYC) confirmation.

Recently, with the emergence of new chains (L2s) that have higher speed and lower cost, these DEXs had to prepare themselves to use them, which has been successfully done for both exchanges and both DEXs support Arbitrum, Optimism, and Polygan chains.

Source: