Sushiswap: Qualified Pools
Methodology
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First, we’ll get the token balances for each pool in Uniswap V2, Uniswap V3, and Sushiswap to calculate their total value locked (TVL).
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We’ll use the liquidity pools included in
ethereum.core.dim_dex_liquidity_pools
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For Uniswap V2 and Sushiswap, we can extract pool balances from Sync events in
ethereum.core.fact_event_logs
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For Uniswap V3, we’ll total the token inflow and outflow for each pool contract using
ethereum.core.ez_token_transfers
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We’ll compute the TVL for each pool using the token balances from #1 and latest price data from
ethereum.core.fact_hourly_token_prices
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We’ll filter out the pools with TVL below $100,000 to retain a list of just the qualified pools.
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We’ll take the total TVL across DEXs and compare their relative sizes.
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We’ll also check the total swap volume for each qualified pool over the last 100,000 blocks.
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Finally, we’ll check the total volume for the 5 major tokens (WBTC, ETH, USDT, USDC, and DAI) across all qualified pools.
>
> 1. The DAI-USDC pool on Uniswap V3 has the largest TVL across all pools.
> 2. This is followed by the DAI-USDC pool on Uniswap V2.
> 3. Note that this list includes only the pools listed in ethereum.core.dim_dex_liquidity_pools
. This may not be a 100% comprehensive list.
> > 1. Qualified pools across Uniswap and Sushiswap has a combined TVL of at least $2.5B. > 2. Uniswap V2 has the largest share of qualified TVL at 44.7%.
- For the past 100,000 blocks, the total swap volume across qualified pools is approximately $1.79B.
- The USDC-WETH pool on Uniswap V2 has the largest volume at $334M.
- The USDC-WETH pool on Sushiswap has the 2nd largest volume at $144.6M.
> ETH is the most swapped token across qualified pools at $1.54B.
Conclusion
In summary, we have observed the following:
- There are approximately 1,088 qualified pools across Uniswap and Sushiswap on Ethereum.
- Qualified pools has a combined TVL of approximately $2.5B.
- Qualified pools account for approximately $1.79B of swapping volume in the past 100,000 blocks.
- Uniswap V3’s DAI-USDC pool has the largest TVL across all pools.
- Uniswap V2’s USDC-WETH pool has the highest swapping volume across all qualified pools in the past 100,000 blocks.
- ETH or WETH is the most swapped token on Uniswap and Sushiswap with a combined volume of $1.54B.