A close look at trading volumes on Uniswap and SushiSwap

For more than half a year, the volume of Ethereum DEXs has consistently been more than 5% of centralized exchanges volume. This figure would have likely been much higher if it were not for the bull market, in which users started actively trading altcoins not on Ethereum. In any case, volume growth on DEXs may begin soon, thanks to the launch of numerous L2 solutions and DEXs' upgrades, increasing capital efficiency.

Recently, The Block Research considered liquidity provisioning on the largest DEXs. It is most beneficial to be a liquidity provider for frequently traded pairs and pairs with highly correlated assets. These pairs also generate the lion's share of DEXs revenue, part of which can go to token owners. But is there life outside of ETH/stablecoin and stablecoin/stablecoin pairs? How many bots are there? This research piece will answer these and some other questions.