🗝️ Key Takeaways

• There is no significant change in number of swaps between the fee periods, average monthly number of traders & average monthly volume has increased slightly in the "0.15% Fee" category compared to "No Fee" category.
• Average monthly user churn rate has also slightly increased in "0.15% Fee" category. In the "0.25% Fee" category the average monthly user churn rate is significantly higher, however it is necessary to note this is due to the lack of data in this period and the way the this metric is calculated (many users didn't return to the platform yet, but might do so later).
• Monthly average number of new users to the platform stays stable during all time periods.
• Overall all volume, number of swaps and traders on all chains have grown higher each previous time period. Some remarkable gains were:
  • Base, where the volume, traders and number of swaps have grown over 10x since "No Fee" time period to "0.25%" period.
  • Volume on Arbitrum has increased ove 3x, while the number of swaps and traders did show this big increase.
• When it comes to competitors (other DEXs) on Ethereum, Uniswap has kept it's market share stable during all time periods.

⚖️ Final Verdict

Based on the metrics in different categories shown above, we can conclude that the introduction and the increase of fees did not have a significant negative impact on the usage on Uniswap platform. In fact, the analysis has shown the usage has increased, this might be due to the overall crypto market state and sentiment.

Methodology

In this dashboard, we analyze volume, number of swaps and number of traders on Uniswap during the 3 time periods when the fee for using Uniswap frontend was different. We also look closer at the user behavior.

For the time period when there was no fee, we included a slightly logner time period to get better understanding of previous performance.

To get the necessary data, we used mostly the tables etherem.defi.ex_dex_swaps and crosschain.defi.ex_dex_swaps