Flipside CryptoOur Commitment to the Angel Alliance
At Flipside we believe in using the power of blockchain for good and we deeply value Terra’s commitment to do the same. With that, we are excited to announce that we are joining forces with our community of analysts to support the amazing work that Angel protocol is doing to donate more to charities. Many Flipside analysts have been delegating to Flipside Crypto -- to support the creation of more on-chain analytics, and help the ecosystem grow.Delegations to Flipside CryptoToday we are commit...
Flipside CryptoIs UNISWAP V3 sacrificing retail for capital efficiency?
By @ndhung1104 and @RochelleSophie_ There’s been a lot of talk around how efficient Uniswap v3 is:Source: https://twitter.com/haydenzadams/status/1406095253342494721 However, according to Bancor’s Head of research, v3 comes at a price.Source: https://twitter.com/MBRichardson87/status/1380886271644475394?s=20In this article we work to evaluate whether Uniswap V3 is sacrificing retail LPs for a better capital efficiency.V2 has a higher TVL and more active users.Source: https://uniswap.leslug.co...
Flipside CryptoThe Money Making Machine Behind the Polygon Spam Attacks
By @ndhung1104 and @RochelleSophie_Since May, there’s been a lot of talk about Polygon “flipping” Ethereum -- at first in terms of transaction count (at its peak, there were 8M transactions per day happening on Polygon, compared to 1.2M TPD on Ethereum) and just last week in terms of active user count -- rising to a record high of 566,516 active addresses on Saturday, surpassing Ethereum for the first time. However, it’s also been reported in a Polygon forum that the network has been under a ...
Flipside CryptoOur Commitment to the Angel Alliance
At Flipside we believe in using the power of blockchain for good and we deeply value Terra’s commitment to do the same. With that, we are excited to announce that we are joining forces with our community of analysts to support the amazing work that Angel protocol is doing to donate more to charities. Many Flipside analysts have been delegating to Flipside Crypto -- to support the creation of more on-chain analytics, and help the ecosystem grow.Delegations to Flipside CryptoToday we are commit...
Flipside CryptoIs UNISWAP V3 sacrificing retail for capital efficiency?
By @ndhung1104 and @RochelleSophie_ There’s been a lot of talk around how efficient Uniswap v3 is:Source: https://twitter.com/haydenzadams/status/1406095253342494721 However, according to Bancor’s Head of research, v3 comes at a price.Source: https://twitter.com/MBRichardson87/status/1380886271644475394?s=20In this article we work to evaluate whether Uniswap V3 is sacrificing retail LPs for a better capital efficiency.V2 has a higher TVL and more active users.Source: https://uniswap.leslug.co...
Flipside CryptoThe Money Making Machine Behind the Polygon Spam Attacks
By @ndhung1104 and @RochelleSophie_Since May, there’s been a lot of talk about Polygon “flipping” Ethereum -- at first in terms of transaction count (at its peak, there were 8M transactions per day happening on Polygon, compared to 1.2M TPD on Ethereum) and just last week in terms of active user count -- rising to a record high of 566,516 active addresses on Saturday, surpassing Ethereum for the first time. However, it’s also been reported in a Polygon forum that the network has been under a ...
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By @jackste73371898 and @RochelleSophie_
Sushiswap is a decentralized exchange (DEX) -- which means it relies on self-executing smart contracts to facilitate trading. Rather than using order books to facilitate trades, DEXs use liquidity pools to determine pricing, and allow peer-to-peer instantaneous asset swaps.
The $SUSHI token is distributed throughout the community as liquidity incentives. It gives holders the ability to participate in governance and earn a part of the fees paid to the protocol as reward.
The $SUSHI token currently has a price of $12.29, a fully diluted market cap of $2,677,584,963 and a 24-hour trading volume of $178,863,340.
And since launch -- the DEX and its token have been gaining immense popularity. Here are some facts to highlight it:
1- Sushiswap is available on the most amount of blockchain networks.
SushiSwap is made up of a collection of liquidity pools across 14 different blockchains, which is more than any other DEX and includes top networks such as Ethereum, Fantom, BSC, and Avalanche. Second in line is Curve finance with half that amount.
2- The DEX has been gaining 2,000 new users per day and is currently seeing nearly half a million users.
3- $300 million is being traded daily since late August, and $1 million is collected daily in fees.
4- In just the past month, the total value locked (TVL) on SushiSwap has gone from $4.2 billion to $5.5 billion.
Compare that to the other major DEXs, and it’s clear that Sushiswap is winning the race.
(daily swap volume) / (fully diluted market cap) Using this metric, SushiSwap has a similar value to Balancer while having 60x the swap volume. And it is valued at 10% of Uniswap while having 20% of the swap volume.
(daily fees collected by the protocol) / (fully diluted market cap)
Because the holders of the SUSHI tokens are entitled to a percentage of the fees collected by SushiSwap, having a high ratio of fees to market cap means that SUSHI token holders are getting a higher percentage cashflow than holders of the other DEX tokens listed above. In addition to stacking up well against other top DEXs using the above metrics, SushiSwap has had high user growth and a fast increase in TVL which are both indicators of a healthy protocol with a flourishing user base.
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By @jackste73371898 and @RochelleSophie_
Sushiswap is a decentralized exchange (DEX) -- which means it relies on self-executing smart contracts to facilitate trading. Rather than using order books to facilitate trades, DEXs use liquidity pools to determine pricing, and allow peer-to-peer instantaneous asset swaps.
The $SUSHI token is distributed throughout the community as liquidity incentives. It gives holders the ability to participate in governance and earn a part of the fees paid to the protocol as reward.
The $SUSHI token currently has a price of $12.29, a fully diluted market cap of $2,677,584,963 and a 24-hour trading volume of $178,863,340.
And since launch -- the DEX and its token have been gaining immense popularity. Here are some facts to highlight it:
1- Sushiswap is available on the most amount of blockchain networks.
SushiSwap is made up of a collection of liquidity pools across 14 different blockchains, which is more than any other DEX and includes top networks such as Ethereum, Fantom, BSC, and Avalanche. Second in line is Curve finance with half that amount.
2- The DEX has been gaining 2,000 new users per day and is currently seeing nearly half a million users.
3- $300 million is being traded daily since late August, and $1 million is collected daily in fees.
4- In just the past month, the total value locked (TVL) on SushiSwap has gone from $4.2 billion to $5.5 billion.
Compare that to the other major DEXs, and it’s clear that Sushiswap is winning the race.
(daily swap volume) / (fully diluted market cap) Using this metric, SushiSwap has a similar value to Balancer while having 60x the swap volume. And it is valued at 10% of Uniswap while having 20% of the swap volume.
(daily fees collected by the protocol) / (fully diluted market cap)
Because the holders of the SUSHI tokens are entitled to a percentage of the fees collected by SushiSwap, having a high ratio of fees to market cap means that SUSHI token holders are getting a higher percentage cashflow than holders of the other DEX tokens listed above. In addition to stacking up well against other top DEXs using the above metrics, SushiSwap has had high user growth and a fast increase in TVL which are both indicators of a healthy protocol with a flourishing user base.
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