conclusion

Uniswap has shown remarkable growth and resilience in the face of bearish market conditions and network challenges. It has attracted millions of new users and liquidity providers who are actively trading and supplying tokens on the platform. Uniswap has also benefited from the recent developments in the Ethereum ecosystem, such as the new fork and the unlocking of staked Ether. These events have increased the demand and supply of DeFi assets and boosted the activity and innovation on Uniswap. Uniswap and SushiSwap have different patterns of user behavior and network preference. While Uniswap users tend to favor Arbitrum over Polygon, SushiSwap users show no clear preference between the two. Ethereum remains the dominant network for both platforms, especially for new users. Arbitrum has shown impressive growth in terms of transaction count and new user activity on Uniswap, but not on SushiSwap. This suggests that Arbitrum has a competitive advantage over Polygon for Uniswap users, but not for SushiSwap users. The reasons for this could be related to the network features, incentives, or user preferences.

Analysis of User Onboarding and Transaction Volume on Uniswap: Last Twelve Months