• SushiSwap’s trade volumes have been lower than Uniswap’s in the past year.
• Recently, SushiSwap was victim to a white-hat exploit which led to almost 1800 ETH loss.
• At press time, SUSHI was exchanging hands at $1.14 and its Relative Strength Index (RSI) stood at 53.50.
SushiSwaps Trade Volume
Decentralized exchange SushiSwap [SUSHI] hasn’t been at its best for a while now. As per crypto analysis platform Kaiko, SushiSwap stayed below Uniswap’s trade volumes for most part of the year and only surpassed it once during this period.
White-Hat Exploit & Loss of ETH
Just recently SushiSwp fell victim to a white-hat exploit that led to a loss of almost 1800 ETH. To add to the list of bad news, further development activity on the network didn’t seem up to par as per data from Santiment.
Number of Holders & Exchange Reserves
The total amount of holders however managed to remain on the same lines as compared to the last few days according to Santiment’s data analysis platform CryptoQuant showed that there was no significant movement in terms of new addresses on the network but its exchange reserves over the last 24 hours witnessed a rise indicating higher selling pressure for SUSHI in the coming days.
SUSHI’s Price Performance
At press time, SUSHI was exchanging hands at $1.14 and its Relative Strength Index (RSI) seemed moving away and upwards from the neutral line standing at 53.50 according To Glassnode’s address growth data showing that there wasn’t any significant movement in terms of new addresses on the network either.
Overall, despite all odds it seems like SUSHI is still hanging in there with its price performance being positive at press time however it will be interesting to see how it fares against Uniswap in terms of trading volume moving forward