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.

As we mentioned, Uniswap is an automatic market maker, built on a system of smart contracts. This protocol eliminates the need for intermediaries, is resistant to censorship, and has security. UniSwap is an open-source program licensed under the GPL (a set of licenses to ensure freedom for users to run, learn, share, and modify software).

Each cryptocurrency pair in UniSwap has its own liquidity pool. Anyone can become a liquidity provider by depositing an equivalent amount of both tokens into the liquidity pool. In return, they are given an LP Token or liquidity token, which actually represents their liquidity in the pools. Whenever a person wants, he can withdraw his original tokens by redeeming his LP tokens.

Method

To answer this question, a period of 12 months (one year) was considered. The data can be viewed on a monthly basis.

First, a complete one-year overview of UniSwap in the last one year can be seen Then using the function: ** min(block_timestamp)**

The first transaction of users, known as new users, was obtained. From the ethereum.core.ez_dex_swaps table

It was used to find the transactions in uniswap and the ethereum.core.fact_transactions table was used to get the fee volume in USD by ethereum.core.fact_hourly_token_prices table.

After that by using optimism.core.ez_dex_swaps, polygon.core.ez_dex_swaps tables for Optimism and Pologan we find transaction on Uniswap on these platforms and compare them with each other.

Sections

1. First we look total transactions/users and volume of Uniswap on Ethereum
2. Monthly transactions/users and volume of Uniswap on Ethereum
3. New users monthly join
4. New users activity of Uniswap on Ethereum
5. Distribution of new users activity
6. Comparing Uniswap on Ethereum vs Optimism vs Polygon
7. Conslusion