SushiSwap: Are merchants enjoying SUSHI this fiscal quarter? This data indicates…

sushi swab, One of the leading crypto DEXs, it has been a victim of the bear market like many others. but one new track report suggest it Sushi Swap It may show some growth in terms of transactions and revenue.

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Here AMBCryptos SushiSwap Price Prediction for the year 2022-2023.

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Leading cryptocurrency analysis companychirp about this development on October 22. According to Messari data, SushiSwap has seen growth on several fronts over the past seven days. In addition, Sushiwap عائدات proceeds 61.52% increase since last week. Growth was also observed in Liquidity transactions and trading volume.

Moving on to some not-so-nice questions

Despite the growth that Sushi Swap It is noted that it is still lagging in some areas. As shown in the image below, SushiSwap fails to compete with Uniswap when it comes to aggregation values. In recent months, Uniswap has been able to show significant dominance over SushiSwap in this regard.

Source: Dune Analytics

Although the positive and negative factors contradict each other when it comes to it Sushi SwapIts TVL has remained relatively stable. Despite a slight decrease in the value of TVL over the past few months, the overall movement of TVL from SushiSwap has not changed since the past few weeks. At the time of publication, the total value secured by SushiSwap is $491.47 million.

Source: DeFiLlama

One of the things that could hinder SushiSwap’s growth could be the decrease in the number of new users being added to the network. As can be seen from the image below, the average number of new users per day on the SushiSwap network has continued to decline since September.

To improve its chances of success in the future, SushiSwap may wish to demonstrate improvements in this area.

Source: Dune Analytics

Besides, there were other bearish signals against SushiSwap as well.

Some carry invitations on the way

In recent days, the number of daily active users on the SushiSwap network has seen a decrease. In addition, there was a sharp decline in net growth. The decrease in network growth indicates that the number of new addresses sending SUSHI for the first time has decreased. This may lead to the conclusion that new titles may lose interest in SUSHI.

Source: feeling

At the time of writing, the SUSHI token is trading at $1.33 and has gained 2.22% in the past 24 hours according to CoinMarketCap. Its market value also experienced similar growth, but its volume declined by 20.40% during the same time period.

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