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    Uniswap HEX-USDC Pool

    HEX Token

    The HEX digital currency describes itself as a certificate of deposit on the blockchain. HEX is an ERC-20 token launched on the Ethereum network. The design of this digital currency is such that it is used in the DeFi system. The system claims to be the first blockchain certificate of deposit that rewards investors who lock up their assets for a period of time.

    In general, this cryptocurrency uses the Ethereum network to interact with smart contracts and send and receive HEX tokens. In the white paper on this digital currency, it is stated that HEX is a project to recreate a common banking product called term deposit. It is an ERC-20 token and operates fully automatically in the form of a smart contract on the Ethereum blockchain.https://hex.com/

    ERC20 is a token creation protocol built on the Ethereum network and can be a platform for creating new tokens that do not use a dedicated blockchain. In fact, apart from the fact that Ether (ETH) is the native digital currency of the Ethereum network, the ERC-20 token has important standards for creating fungible tokens on the Ethereum platform. Using this standard can reduce the cost of producing new tokens for creators. In addition, it has standards that all tokens built on its platform must adhere to and behave within its framework.

    Uniswap

    Uniswap is an Ethereum-based decentralized exchange for trading ERC-20 tokens. Unlike many exchanges that are centralized and you have to trust intermediaries, this DEX is a tool for people in the community and people can use it to exchange tokens so that there is no need for intermediaries and third parties; At UniSwap, you trust smart contracts. Also, unlike many other exchanges, UniSwap does not match the buyer and seller to determine the price and execute the trade. Here, a simple matching equation and liquidity pools are used.

    In May 2021, version 3 of UniSwap was launched, which added new features to the platform; First of all, the liquidity feature is centralized. This feature enables liquidity providers to provide liquidity at a customized price range. Also, UniSwap's third version has added more commission levels, enabling traders to better determine their risk levels when trading volatile assets. Additionally, it has added oracles, which ensure that DEX prices are up-to-date. https://uniswap.org/

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    Introduction
    Method and Sections

    Method

    • For answering this question we use Flipsidecrypto data.
    • We choose HEX-USDC 10000 200 pool on Uniswap v3 by filtering CONTRACT_ADDRESS = '0xe05e653453f733786f2dabae0ffa1e96cfcc4b25'
    • For this analysis we use ethereum.core.ez_dex_swaps tabel for finding users, transactions and volume of this pool.
    • We chose a period of 30 days for this review.

    Sections

    • First Lets look at the users and transactions of this pool.
    1. USDC to HEX
    2. HEX to USDC
    • Then lets Check the transactions volume (average/min/max)
    • Distribution of users by number of transactions and volume
    • Average time between transaction of users
    • Conclusion
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