April 16, 2021, 6:05AM EDT
• 8 min read
A close look at trading volumes on Uniswap and SushiSwap
- Upcoming DEX updates will lead to an increased userbase and capital efficiency.
- A small part of Uniswap’s volume was generated as a result of wash trading.
- Retail users still create most of the trading volumes on Uniswap.
- SushiSwap is very capital ineffective in its current implementation.
- Bots are already starting to play the leading role in SushiSwap’s trading volumes.