The most popular conversion overall was WETH => PEPE on 8/25 with 6,192 new users. PEPE and WETH dominated many of the top conversions.

Other popular meme tokens traded against WETH included SHIA, DORKL, POG, DOG, and BANANA. Meme tokens saw significant interest from new users.

Stablecoins like USDC, USDT were also frequently traded into and out of WETH, indicating they are common on-ramps for new users.

Beyond memes, some newer DeFi tokens like RHC, FINE, Boost saw interest in the thousands of users.

Most of the top conversions were into WETH from other tokens, indicating WETH is commonly used as a base pair that new users convert into.

Conversions from WETH into other tokens were often memes, but also included projects like Near, BONE, Badger.

Overall the data shows meme tokens generate significant interest from new users. Stablecoins are important for onboarding. And WETH is the dominant base trading pair. The ecosystem seems effective at leveraging memes and stablecoins to attract new users.

Growth and Usage Trends of Uniswap Over the Past Month