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    Uniswap Gas Burner

    Even if Uniswap burnt🔥 a large amount of gas and from our analysis is seen to be the highest fees generator, it is obviously still the biggest💪 player in the DEX world on Ethereum and its layer 2 solutions. This analysis explored Uniswap's market share, transaction costs, and performance across Layer 1 and Layer 2 solutions, providing insights into its role and adaptability in the dynamic DeFi space.

    INTRODUCTION

    In the evolving landscape of decentralized finance (DeFi), Uniswap stands out as a pivotal decentralized exchange (DEX) operating across multiple blockchains. This analysis delves into Uniswap's market share within the dApp ecosystem, exploring how its usage has changed over time and how it compares to other major applications in terms of transaction costs.

    By examining metrics such as gas used, transaction volume, and value transacted, we aim to understand the impact of fluctuating gas fees on Uniswap's market dominance. Additionally, we compare Uniswap's performance across Layer 1 (Ethereum) and various Layer 2 solutions to uncover the factors contributing to any observed differences. This comprehensive examination provides insights into Uniswap's role and adaptability in the dynamic DeFi space.

    For the analysis, it is important to note the following key points:

    1. The analysis is done with a timeframe starting from the first of January till the current date of performing the analysis.

    2. The networks used for this analysis are: Ethereum, Polygon, Optimism, Arbitrum One, Base, Avalanche and Blast

    3. Balance for the Layer2s was calculated using net transfers in USD of users and might not be exact, but gives a good estimate of the balances of most users.

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