Try Quests to earn cryptoUniswap Swaps Deep-Dive Analysis
This dashboard aims to provide a deep dive into swaps on Uniswap. It exists to complement other dashboards which have more high-level information. All commentary is as May 31st, 2021.
The following charts will keep tabs on the migration of swap volume from Uniswap V2 to V3. On a dollar basis, V3 has seen more volume than V2 since May 17th. However, on a number of transactions basis, more of the action still seems to be happening on V2.
This chart shows the tokens with the highest “swapped out” values – essentially, what whales are buying. This includes a number of stablecoins, TRIBE (FEI’s governance protocol) and CEL (a P2P lending protocol token).
This chart shows the tokens with the highest “swapped in” values. These coins are where whales are likely to be most prominently focused. As of publication, the token with the highest “swapped in” value was FEI, for which the average Uniswap transaction was nearly $200,000.
This chart shows what trading pairs are most popular with large investors (trades > than $50,000 USD). Crypto whales seem to like the stablecoin pairs.
This chart shows what the most trading pairs are among retail investors in the last 30 days (trades smaller than $1,000 USD). Unsurprisingly, many “memecoins” like SHIB, ELON, AKITA, LEASH feature prominently.
The following chart shows the average number of trades per person each month on the three aforementioned platforms. It seems that users are similarly active on Uniswap V2 and Sushiswap, and slightly less active (as of now) on Uniswap V3. Users of decentralized exchanges seem to pursue fairly active investment management strategies in general, trading on average ~6 times/month.
The following table shows the average and median trade size on Uniswap V2, Uniswap V3, and Sushi since data has become available for each of the platforms. It appears that Uniswap V3 has the largest average trades, skewed by whales (demonstrated by the skew of average relative to median), while Uniswap V2 has the smallest average trades.
This dashboard examines three topics:
- User and swap statistics across platforms (Uniswap V2, Uniswap V3, and Sushi)
- Most popular tokens with retail and large buyer investors
- Progress on the Uniswap V2 to Uniswap V3 migration