After UNI finished mining, data on the chain showed no money flowing into SushiSwap

BlockBeats reported a 40% drop in Uniswap's total lock-up volume following the end of its initial liquidity mining program. According to some large address data disclosed by Twitter user Nick C:

0xe0e removes $1.7 million worth of ETH/DAI transaction pair capital from Uniswap and flows into the cAssets;

0x975 将价值 280 万美元的 ETH/DAI 交易对资金从 Uniswap 撤出并转入币安，并且其未将 ETH 兑换成 DAI，也未将 DAI 兑换成 ETH； 

0x7bb withdrew $5.5 million worth of ETH/DAI transaction pairs from Uniswap. DAI was converted into USDC and transferred to multiple wallets, most of which were transferred to FTX trading platform and some were deposited into Yearn.  

0XF92 withdrew $3.3 million WORTH of ETH/DAI transaction funds from Uniswap and deposited them in SushiSwap, and conducted SUSHI mining through ETH-DAI LP token.  

0X161 ETH/DAI transaction pair capital worth $400,000 is withdrawn from Uniswap, ETH is put into Compound and DAI is converted to dDAI (DeFireX DAI);

0x4f7 removes $1.79 million ETH/DAI transaction pair and $11.5 million ETH/WBTC transaction pair from Uniswap and deposits them in SushiSwap.    

Most investors are holding stability currency and Ethereum. Meanwhile, prices of DeFi tokens such as AAVE and YFi began to rise faster than those of BTC and ETH.

Nick C thinks money will flow into SushiSwap, and he quotes Wangarian, manager of DeFiance Capital:

1. SushiSwap has realized the target business model of Uniswap, and 5% of SUSHI's trading volume generated an annual return of about 14%;

2. SushiSwap will release three new products: Bentobox (margin trading pair), Gusoku (IL Protection) and MISO (SUSHI Launching Board);

3. The launch of Bentobox will increase the fees earned by Sushiswap;

4. Trading pair returns of wBTC, USDT, USDC, DAI and ETH on SushiSwap are all higher than those of Uniswap, and reward returns will be locked for 6 months to reduce SUSHI selling pressure.

5. The team that currently takes over SushiSwap has been quietly building.

Although Nick C and Wangarian both now believe that money will flow into SushiSwap, the linked data do not confirm this result.

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