The Ethereum blockchain is used by both Uniswap and SushiSwap, which are decentralized exchanges. While UNI has a higher volume and has been operational for a longer period of time, SUSHI offers several unique characteristics, such as yield farming and token-holder incentives.
Introduction
This dashboard tries to answer a few analytics by comparing Sushiswap and Uniswap usages in the Ethereum Blockchain.Each one is an Ethereum blockchain-based automated market maker (AMM). Both services allow users to trade currencies by utilizing liquidity pools created by other DeFi users. Although there have been some alterations, the basic goods have not changed. SushiSwap started as a fork of Uniswap.
Methodology
The bounty here addresses the query in such a way that the users and their swaps are determined and they are counted to see the activeness and they are charted against time as a constant parameter for both the analysis.
Active users in the considered platform of the Ethereum main net are hereby shown.From the chart, it is evident that Uniswap has more active users than the sushiswap. In addition to this, the clear proof that sushiswap was evolved from the uni swap is also seen that there is no users in the sushiswap during the initial stages and eventually it increased once the sushiswap is derived from the Uniswap.
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The accounts of the activeness are also dependent on the transactions happening in the platform.To address this problem, the transactions that happened on the platforms over the same period of time are accounted for and they are analyzed.It is also seen that the transaction volumes are higher for the uniswap than the sushiswap platform throughout the chosen period of time.
Conclusion
The transactions in the platforms of both uniswap and sushiswap are analyzed to see the trend in them and they are concluded that uniswap is more active than the sushiswap by analyzing the onchain dataset.
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