Uniswap on Avalanche: Analyzing End-User Swaps and Performance

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    Key Takeaways

    Analyzing only the end-user real executed swaps since July 12, 2023:

    • There have been approximately 7.7K unique swappers who conducted 9.4K swaps on Uniswap, with a total value of $510K and an average swap size of around $55.
    • Uniswap holds only a 2% share of all end-user swaps on Avalanche since its launch, while Trader Joe leads the pack with approximately 64% of the swaps.
    • In terms of swaps frequency, Uniswap ranks 8th among DEXs, and in terms of volume, it stands at the 15th position.
    • Approximately 62% of swappers on Uniswap originated from Trader Joe, while more than 25% are new participants who conducted their first swap on Avalanche's platform.
    • The most popular swap pair on Uniswap is AVAX<=>USDC, representing approximately 73% of all swaps, followed by AVAX<=>USDt with over 15% share.
    • Trader Joe dominates swaps frequency, accounting for around 60% of daily swaps, while Uniswap only managed 3% to 4% of daily swaps during the second week after its launch.
    • In terms of swap volume, Trader Joe leads most day. Paraswap and 1inch also rank high, while Uniswap's daily share remains below 1%.