Uniswap - 22. Uniswap DEX Dominance
How dominant is Uniswap as a DEX, on ETH, in terms of volume? Are there days when other DEX's surpass Uniswap in volume?. Do certain tokens (excluding stables on Curve) outperform Uniswap on a different exchange?
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About Uniswap
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Compare Swap Volume ( Number of SWAPS & Amounts ) on Uniswap & Other Dex's ( Sushiswap , Curve )
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Compare All Actions ( Number Transactions ) in Uniswap & Other Dex's ( Sushiswap , Curve , 1Inch , Balancer )
Note :To make the trends more visible, I only selected a number of reputable exchanges
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Compare Amounts Volume in All Actions in Uniswap & Other Dex's ( Sushiswap , Curve , 1Inch , Balancer )
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Compare Volumes ( Number Transactions and Amounts ) on Uniswap & Curve ( without Stablecoins )
- About Uniswap
UNISWAP is an automated liquidity protocol and one of the most popular decentralized exchanges (DEX), which has gained a reputation for its popularity due to its increasing popularity. UNISWAP is based on the ETHEREUM network, which can be used for automatic exchange between ETHEREUM and ERC20 tokens. Users can also become a provider of liquidity in the pool of this protocol by depositing equivalent amounts of digital currency pairs in the pools of this protocol and receive rewards in return. UNISWAP exchange architecture is different from traditional exchanges; Most traditional exchanges use a book to match buyers and sellers, but the protocol uses cash pools to facilitate the exchange of digital assets. Reserves in barter contracts are secured by a network of Liquidity Providers. These liquidity providers deposit the equivalent amount of ETHEREUM and one ERC20 token or two ERC20 tokens to the relevant exchange contract. The first supplier sets the exchange rate, and if this rate is not appropriate, other traders gradually correct it. All subsequent liquidity providers deposit and trade using the exchange rate created.
- Compare Swap Volume ( Number of SWAPS & Amounts ) on Uniswap & Other Dex's ( Sushiswap , Curve )
In terms of the number of swaps Uniswap , it accounts for more than 88% of the total number of Swaps compared to the other two exchanges, ie more than 18M swaps to date. But in terms of Amountss, Curve is in the second category and is a little less than Uniswap, but Sushiswap has a much lower value than Uniswap and Curve.
Number of swaps & Amounts in these Dex's on a daily basis
In terms of the number of swaps, Uniswap has always been much more than others, and Curve has had a very small number, but in terms of the amount of swaps, on some days the curve has been more than uniswap, but not many days.
- Compare All Actions ( Number Transactions ) in Uniswap & Other Dex's ( Sushiswap , Curve , 1Inch , Balancer )
In terms of the number of transactions from both Dex's and Dex's, Uni Swap has always been much, much larger than the others. After Uniswap, the highest number of transactions was on Sushiswap, followed by 1Inch in third place, followed by Blancer and Curve.
Now let's see the trend of total amounts in these exchanges to understand what the trend of values has been.
January 27 and 28, 2022, were the only days when the amount of swaps in and the amount of swaps from in Curve was higher than in Uniswap and the rest of Dex's was in the past almost a year. Also, the amounts in other exchange offices have been different and have been very close since the beginning of 2022
- Compare Volumes ( Number Transactions and Amounts ) on Uniswap & Curve ( without Stablecoins )
Now we want to show only two Uniswap, Curve exchanges without stablecoins in the curve.
Stablecoins we removed:
( USDC, sUSD, DUSD, GUSD, HUSD, USDN, BUSD, TUSD, UST, MUSD )
The number of transactions in Uniswap, as we see, is much more than Curve. But in terms of the number of days, the maximum value has been for Uniswap and many days for Curve, and it can be said that they have been equal in terms of quantity until today.