In my dashboard, I addressed Uniswap's challenge regarding Account Abstraction and its impact on Uniswap users. To tackle this question, I encountered an issue: I could not directly track the activity of Account Abstraction LP users. Therefore, I decided to focus on users who utilized the Account Abstraction option in Uniswap's swap sector. Initially, I identified the swappers who used Account Abstraction in their Uniswap swaps. I then tracked these users' activities in Uniswap's LP sector. Next, I calculated the impermanent loss for the top 20 pools these users participated in. Finally, I compared these users with regular Uniswap users in the swap sector, specifically in terms of transaction fees.

For a fair comparison, I considered data from 8 months before and after October 17, 2023. Additionally, I utilized the Flipside database and JackGuy's dashboard to obtain baseline data on how Account Abstraction works. Thank you, JackGuy, for your assistance. ❤️

In investigating users who swapped via Account Abstraction in the Uniswap LP sector, it was found that these users had more LP transactions and a higher deposit volume after October 17, 2023. This increase had a positive effect on the number of LP transactions and the deposit LP volume. For instance, the number of LP transactions before this date was 44.6K, while after it, the number of transactions surged to approximately 90.8K, nearly doubling. Regarding LP deposit volume, users had a deposit volume of 2B USD before that date, which increased to 3.6B USD afterward, reflecting an 80% increase.

Additionally, examining the data over time for these users in the Uniswap LP sector reveals that the highest number of LP transactions and users occurred in January 2024, with about 23.5K transactions and 2.83K users, all post-account abstraction. The highest deposit LP volume was recorded in March 2024, at approximately 537M USD, also after account abstraction.

In terms of withdrawal events (decreasing liquidity), the number and volume of withdrawal transactions were higher after account abstraction than before.

In the next sector, I compared the swap activity of users who used Account Abstraction versus normal users. According to the visuals, 12% of Uniswap swap transactions were related to Account Abstraction, and about 5% of swappers used this method. Users employing Account Abstraction also paid less in gas fees for swapping, which is an encouraging factor for users to adopt this method.

When comparing the average transaction fee of Abstraction Users versus Normal Users, Abstraction Users paid about 33% less, a significant positive point that encourages users to use Account Abstraction.

Lastly, I investigated the impermanent loss of top pools among these users. The impermanent loss remained below zero both before and after account abstraction, indicating that it did not affect impermanent loss.

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.

An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges Link.