the fourth NovemberAnnounced that the first ever stable change Sushi Swap Posted by Polygon. With big swings around sushiThis new cement can update Sushi SwapThe long-term.
– Overnight.fi (USD +) – Forefront DeFi (overnight_fi) 4 November 2022
Here AMBCryptos SushiSwap Price Prediction [SUSHI] For 2022-2023
Stableswap has a USD+/USDC measurement pool and at the time of publication Annual Percentage Rate (APY) was 209.22%. Its current liquidity was $127,000 and it has weakened by 5.19% in the last 24 hours. But its size showed growth during the same time period.
DrAlthough launching this stable change, sushi“Total Closed Value (TVL) remained the same throughout the month of October according to Devilama. Moreover, at the time of writing, TVL price of SushiSwap is $591.01 Million.
Fees and revenue
Fees generated by DEX have continued to grow in recent weeks. As shown in the picture below, the fees charged by Sushi Swap has increased significantly. In the last 24 hours, the total fees collected by SushiSwap was $263,000 and the total revenue generated was $43,000.
Although the fee and revenue generated continues to grow, the average number of new users added Sushi Swap keep going down. From the image below, it can be seen that the number of new users added daily has decreased in the past two months.
In addition, along with the new titles, the daily activity of sushi It also decreased in the last month. Furthermore, his speed had decreased in the past few days as well. This indicates that the transfer rate of tokens from one address to another has decreased.
Even with the launch of the new protocols, SushiSwap still has a long way to go before it can compete with other DEXs.
UNI vs. SUSHI
The number of transactions on SushiSwap pales in comparison to the frequency of transactions on Uniswap. As shown in the image below, the number of transactions made on Uniswap has outnumbered the number of transactions made on SushiSwap by a large margin.
It remains to be seen if the recent developments in SushiSwap will improve its chances of competing with other DEXs. At the time of writing, SUSHI is trading at $1.92 and is up 10.04% in the last 24 hours. According to CoinMarketCap. During the same time period, its volume also increased by 53.50%.