SushiSwap: Are traders enjoying SUSHI this financial quarter? These data suggest… – Media Patrollers

SushiSwap, one of the leading DEXs in the crypto space, fell victim to the bear market like many others. However, a new Messari report suggests that SushiSwap may show some growth in terms of transactions and revenue.

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Here is the report from AMBCrypto. Price prediction for SushiSwap for 2022-2023.

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The Leading Cryptocurrency Analytics Companytweeted on this subject October 22. According to data provided by Messari, SushiSwap has seen growth on multiple fronts over the past seven days. Additionally, Sushiwap’s revenue increased by 61.52%. since last week. Growth was also observed in Liquidity pool transactions and trading volume.

Now let’s move on to less pleasant matters.

Despite the growth that SushiSwap observed, it still lags behind in some areas. As can be seen in the image below, SushiSwap failed to compete with Uniswap when it comes to pool values. Over the past few months, Uniswap has managed to show significant dominance over SushiSwap in this regard.

Although the positive and negative factors are at odds with each other when it comes to SushiSwaphis TVL remained relatively stable. Despite the slight depreciation in terms of TVL over the past two months, SushiSwap’s overall TVL movement has remained stable for the past few weeks. At press time, the total value locked by SushiSwap was $491.47 million.

One of the obstacles to SushiSwap’s growth could be the decline in the number of new users on the network. As can be seen in 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 might want to show improvements in this area.

On top of that, there were other bearish signs against SushiSwap.

Drop invitations on the way

In recent days, the number of daily active users on the SushiSwap network has decreased. In addition, network growth has also seen a sharp decline. A decline in network growth would indicate that the number of new addresses that transferred SUSHI for the first time has decreased. One could deduce from this that the new addresses are losing interest in SUSHI.

At the time of writing, the SUSHI token was trading at $1.33 and had appreciated by 2.22% in the past 24 hours, according to the company’s website. CoinMarketCap. Its market capitalization also saw similar growth, but its volume depreciated by 20.40% over the same period.



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SushiSwap: Are traders enjoying SUSHI this financial quarter? These data suggest… – Media Patrollers


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