The Universal Router is a smart contract that allows for the unified swapping of ERC20 and NFT tokens on different blockchains. It is integrated with another smart contract called Permit2, which allows for the sharing and management of token approvals across different applications, improving the user experience by reducing transaction costs and improving smart contract security. The Universal Router and Permit2 have been launched on Ethereum, Optimism, Arbitrum, Polygon, and Celo. They are designed to be used by the entire developer ecosystem and are accompanied by extensive documentation, SDKs, and a bug bounty program. The Universal Router and Permit2 aim to optimize gas costs, simplify user transaction flows, and strengthen security for various applications.

Despite the Uniswaps NFT agregator going live on 5 seperate chains, its clearly Ethereum that dominates in amount of ETH volume with the 3 other chains measuered here showing 0 volume for most days. Even the days the other chains do get some traction it still pales in comparison to Ethereum. With the otherchains showing little to no volume lets focus on Ethereum for here on out.

Since its enittial spike at launch Uniswaps NFT agregator has found a fairly steady user base showing a clear demand for it. The cumulative transactions are steadily climbing with out much variation.

comparing Uniswap's NFT agregator to some other market places on Ethereum.

While Uniswaps fees are lower than Opensea and X2Y2 they are not different. However, this is not neccisarilly a fair comparison as neither Opensea or X2Y2 are NFT agregators; they are both normal NFT market places. When compared against an other agregator, in this case blur.io, it becomes obvious that the Uniswap agegator is tremendously cheaper to use in terms of transaction fees and thats with out taking into account there transaction fee rebait promotion.

As can clearly be seen the avarage Uniswap transaction fee falls under 0.01 ETH. This means that the average transaction using the agregator is eligable for the transaction fee rebait. The average transaction is essentially FREE!

Gas savings

ALL TIME STATS

Daily Trends

$5 Million Dollar Airdrop

Genie is distributing approximately 5 million USDC to certain historical Genie users in two tiers as a way of showing gratitude to long-time users and welcoming them into the Uniswap community. The first tier, worth $300, is available to wallets that completed more than one transaction before a snapshot taken on April 15, 2022 at 00:00 UTC. The second tier, worth $1,000, is available to wallets that held the Genie:Genesis NFT as of the snapshot, or that purchased a Genie:Genesis NFT or a Genie:Gem NFT between 5:59 pm and 9:15 pm UTC on June 21st. Each unique address is eligible for both tiers, and users can claim their airdrop in USDC on app.uniswap.org for the next 12 months by connecting their wallet and clicking the wallet dropdown in the top right. If they are eligible, there will be an option to claim the airdrop.

Since the enitial launch of the airdrop the amount of claims rapidly declined. Predictably most volume comes from claims for the $300 airdrop with only a select few claiming the $1000 and $1300 airdrops.

The gas rebate promotion runs until December 14, 2022, and the rebates can be claimed through the Uniswap app until January 16, 2023. The rebates are capped at 0.01 ETH per transaction.

Conclusion

Uniswap is a decentralized exchange platform that allows users to trade NFTs and ERC-20 tokens in one place. It aggregates listings from multiple marketplaces to offer users better prices and faster indexing. Uniswap also offers gas rebates to its users, allowing them to save up to 15% on gas costs compared to other NFT aggregators. In addition, Uniswap is committed to being trustless, transparent, and open-source, making it a reliable platform for trading NFTs. To celebrate the launch of NFTs on Uniswap, the platform is airdropping approximately 5 million USDC to certain historical Genie users and offering gas rebates to the first 22,000 NFT users. With these features, Uniswap is a top choice for trading NFTs and ERC-20 tokens. It is evident from the on chain data that Uniswaps promises of cheaper transaction is being fulfilled.