Intro & Definitions

Method

Key takeaways

UNI is the governance token of the popular decentralized trading protocol Uniswap.

This dashboard aims to collect and present data about UNI flows on the Ethereum blockchain, answering the following questions.

• Which centralised exchanges have the most volume, in terms of USD?
• Examine the flow of UNI into and out of Centralized exchanges.
• Is more flowing in or out?

Definitions:

• UNI = Uniswap token
• USD = United States dollar

1. Aggregate data to show the top 10 centralised exchanges by volume USD over the last 12 months.
2. Convert that to a pie chart in order to visualise the market share percentage of each exchange.
3. Plot the daily volume to examine the general trend over time.
4. Sum the annual total volume of UNI.
5. Repeat the process for the UNI inflows towards centralised exchanges.
6. Flipside Crypto tables are the data source.

• Binance has the largest market share of the UNI inflows and outflows transactions from centralised exchanges.
• Huobi is the second highest ranked exchange in terms of USD volume.
• The daily peak inflow and outflow was in May 2021, coinciding with the launch of Uniswap v3.
• Inflows & outflows graphs follow the same trends and they are in equilibrium.
• More UNI is flowing out of centralised exchanges, although the two are really close.
• Not all outflows from centralised exchanges end up trading in decentralised exchanges directly, as some users prefer to hold their tokens in a non-custodial wallet.

Impressively, Binance has more UNI volume than the rest of the top 10 exchanges combined.

This is the end of section (a), which described the UNI outflows since early April 2021. Key observations will be summarised at the end. The following visualisations are about inflows of UNI to centralised exchanges.