The comparison between DEX $SUSHI and $UNI ,
SUSHI is like Uni's little brother, forever living in UNI's shadow.
First, let's look at the background story:
Uni is the pioneer of the DEX track, using a constant product AMM model and decentralized design, directly transforming the fate of centralized exchanges.
The upgrades to V2 and V3 are substantial innovations, with features like fee sharing and concentrated liquidity being first introduced by it.
The governance power and market recognition of the UNI token have been tested over time.
In contrast, SUSHI:
It started with a "vampire attack," using high APY mining to siphon off liquidity from Uniswap, and indeed had its moment of glory.
But essentially, it is just copying Uni's playbook; while Uni eats the meat, it only drinks the soup.
Looking at it now: governance weight and market recognition are far inferior to UNI.
Innovative features like BentoBox and Kashi have not helped it create a gap.
Trading volume and liquidity are crushed by Uni; the head effect in the DEX track is too obvious.
Data doesn't lie: SUSHI has only rebounded about 40% from the bottom, while UNI has more than doubled from its bottom, and liquidity always follows the leading platform.
SUSHI is merely a follower of UNI, with no independent market.
When a big market comes, it rises along with it; when the market goes, it falls faster than anyone else.
Unless you are particularly skilled at short-term speculation, otherwise under the same conditions, UNI is clearly the more stable choice.
After all, in the DEX track, the gap between the first and the second is not small at all.
