Try Quests to earn cryptoUniswap Simple Vs Complex Swaps
This dashboard will show how simple swaps compare to complex swaps.
Being one the largest pools doesn't mean that transactions are automatically routed through the pools. This can be seen by comparing the volume of simple swaps vs complex swaps of FEI pools, where the volume of complex swaps of FEI pools pales in comparison with its simple swap volume, which indicates that complex swaps are not utilizing the FEI pools despite being the largest pools. Other than that, by comparing the simple swap and complex swap volumes of USDT and USDC pools to FEI pools, it can be concluded that FEI pools are pretty much unutilized in Uniswap routing.
The graph below shows the total volume of achieved through complex swaps (routed through the pool) by the top 3 Uniswap pools over time. A dramatic drop off in volume is shown since April when the FEI pools took over as 2 out of 3 largest Uniswap pools. This means that despite being the largest pools, very few transactions are routed through these pools, which further indicate that FEI is not used by many as the preferred stablecoin. Comparing the volume of FEI to USDT and USDC, which are part of the top 3 pools in March, it can be concluded that USDT and USDC are still the preferred stablecoins on Uniswap.
The graph below shows the total volume transacted using the pool only (not routed through the pool) over time, with each of the month's top 3 pools. From the graph, it's seen that the highest volume achieved by the top 3 pools is about 6B and which slowly tapers off as the months went by. On the other hand, FEI-WETH had been performing quite remarkably since FEI launched in April, however, its next biggest pair, the FEI-TRIBE pair, isn't raking in too much volume, which in turn hurts the pool's APR. The volume FEI-TRIBE generated in June is only a meager 69M compared to its counterpart, the FEI-WETH, which generated about 17x more than FEI-TRIBE. This signifies that large pools don't always make the most money.
The graph below shows the evolution of the top 3 largest pools in Uniswap over time. The value is denominated in USD for a better comparison. From the graph, we can see that since September, the top 3 Uniswap pools had been mostly dominated by stablecoin pairs and WBTC-WETH pair. The stablecoins in question are USDT, USDC, DAI, and FEI, with FEI dominating the top pools since its inception in April 2021.