Sushiswap β Statistical Analysis
Sushiswap demonstrates moderate market traction with a notable TVL and trading volume, but faces challenges in capital efficiency and liquidity spread.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
Sushiswap boasts a $37.6M Total Value Locked (TVL) and $10.8M 24h trading volume, indicating a moderate level of market activity. The protocol's $43.8M market capitalization and $46.8M fully diluted valuation suggest a relatively stable market presence.
2. Capital Efficiency
The 0.29 Volume/TVL ratio indicates relatively low capital efficiency, suggesting that the protocol's TVL is not being fully utilized to generate trading volume. This may be a concern for investors seeking high returns.
3. Liquidity & Pair Spread
With 77 trading pairs and 39 listed coins, Sushiswap's liquidity is somewhat concentrated. The top 5 chains (Ethereum, Katana, Base, Polygon, and Arbitrum) account for ~90% of the total TVL, indicating a moderate level of liquidity spread.
4. Chain Dominance
Ethereum dominates Sushiswap's TVL with 61.1% market share, followed by Katana (25.1%) and Base (4.0%). This suggests that the protocol's TVL is heavily reliant on a few major chains.
5. Analyst Verdict
Sushiswap's moderate market traction and TVL are offset by concerns around capital efficiency and liquidity spread. The lack of audits and a relatively low trust score may also impact investor confidence. Overall, the protocol's health is neutral.