SudoSwap users remains stagnant despite SUDO launch

It’s interesting to note that the volume and users on SudoSwap hasn’t picked up much in the past few weeks. This is despite the launch of the SUDO token, which is now transferrable and can be traded.

One likely reason for this is that majority of liquidity provision for NFTs is currently absorbed by Blur, which is heavily incentivising liquidity using BLUR tokens (and likely more profitable than LP-ing on Sudoswap). While Blur’s bid pools aren’t full fledged AMM pools like SudoSwap, it still affords some advantages such as the ability to instant sell.

(h/t @0xRob for the data)

Hmm it’s quiet here. Be the first to comment on this post!