Introduction

To help with scalability and speed, blockchains such as Ethereum utilize secondary blockchains built on top of them, which are called layer 2s. [Source]

In this dashboard we’re going to compare the market share of Sushiswap and Uniswap on the following L2 chains.

Polygon, Arbitrum & Optimism.

Approach

to analyze swaps on Sushiswap i used Flipside’s sushi.ez_swaps tables for each chain, these tables simplified the data of transactions related to SushiSwapRouter contracts, additional info on sushi contracts can be found in their Deployment Docs.

to analyze swaps on Uniswap i extracted uniswap’s swap_contract addresses from flipside’s core.dim_labels tables for each chain by this query:

select * FROM optimism.core.dim_labels where PROJECT_NAME like '%uniswap%'

and filtered the transactions sent to these addresses.

Additional info: Uniswap Contract Deployments

Arbitrum

Optimism

Polygon

Verdicts

• On Arbitrum both platforms have equal market share in terms of Number of Swaps and Unique Daily users.
• On Optimism Uniswap completely dominated SushiSwap with accounting for nearly 99% of the market share.
• On Polygon although Sushiswap has the overall edge but looking at recent trend on this chain Uniswap slowly taking the market share to itself with over 3x the number of daily swaps and 2x of daily unique users since middle of the August.
• another interesting finding is that despite the recent depression in market, DEX activity on L2s considerably increased on Optimism and Arbitrum but almost remained stable on Polygon with some fluctuations.