As Ethereum experiences a surge in activity and gas prices reach their highest point in a year, the growing popularity of Memecoins emerges as a contributing factor. Notably, the memecoin $PEPE has achieved a staggering market cap of over $1 billion, impacting Uniswap's trading volume, surpassing even that of Coinbase. To gain deeper insights into this phenomenon, I present a new dashboard that aims to analyze the influence and effects of Memecoins on Uniswap.

The scope of this dashboard extends beyond a singular focus on Ethereum activity, as we delve into various aspects of Memecoins' impact on the Uniswap platform. While the previous analysis explored the relationship between gas prices and Uniswap, this bounty seeks to investigate the broader implications and dynamics resulting from the rise of Memecoins considering all the available chains such as BSC, Ethereum, Optimism and Polygon.

One crucial aspect to explore is the influx of new participants attracted by the popularity of Memecoins. The dashboard aims to determine whether the rise of Memecoins has enticed fresh users to join the Uniswap platform. Understanding the demographic composition and behavior of these newcomers will shed light on the growing interest in Memecoins within the Uniswap community.

Additionally, it seeks to identify and analyzes the participants who actively engage with Memecoins on Uniswap. By examining the behaviors and activities of these users, we can gain insights into the influence of whales—large-scale investors—and their impact on the Memecoin market. Understanding the behavior of influential players will help us comprehend the market dynamics and potential manipulations within this emerging sector.

Furthermore, the dashboard aims to investigate whether the introduction of Memecoins has led to an increase or decrease in the creation of pairs on Uniswap. By analyzing trends and preferences, we can discern notable patterns in terms of the Memecoin pairs being created. This analysis will provide valuable insights into the market demand and trading strategies surrounding Memecoins within the Uniswap ecosystem.

Finally, we seek to determine whether the rise of Memecoins has had any discernible effects on the activity and liquidity of "normal" pairs on Uniswap. By examining correlations and shifts in trading behavior, we can uncover potential connections between Memecoin activity and the performance of traditional pairs. This analysis will help us understand the broader impact of Memecoins on Uniswap's trading landscape and the market dynamics within the platform.

In summary, this bounty presents an opportunity to conduct an in-depth analysis of the influence and effects of Memecoins on Uniswap. By investigating new participants, user participation, pair creation, and the impact on "normal" pairs, we aim to uncover valuable insights into the Memecoin phenomenon and its implications for the broader Uniswap ecosystem.

To conduct this analysis, we employed a robust methodology utilizing Flipside Crypto's on-chain data, which includes cross-chain data from different blockchain networks to capture the entirety of Uniswap activity. The following metrics were considered to gain a comprehensive understanding of the impact of Memecoins on Uniswap: swaps, swappers, and volume swapped.

Firstly, we investigated the influx of new participants joining Uniswap. To accomplish this, we examined the first transaction of each wallet and analyzed whether it occurred within the past three months and whether it involved a Memecoin. This approach allowed us to identify and quantify the number of new participants specifically drawn to Memecoins and their engagement with the Uniswap platform.

Furthermore, we categorized the participants based on their level of activity. High activity participants were defined as those who had more than 30 active days on the platform, while low activity participants had fewer than 30 active days. This categorization allowed us to analyze the behavior and preferences of different participant segments within the Memecoin market on Uniswap. We also identified whales within the Uniswap ecosystem by examining wallets that had moved more than a million units. This enabled us to assess the impact of these influential investors on the Memecoin market.

Additionally, we examined a subgroup of users referred to as "passengers." These users were identified as individuals who were active on the platform for less than five days. By studying the behavior and engagement patterns of these passengers, we gained insights into the transient nature of certain participants within the Memecoin ecosystem on Uniswap.

In order to assess the impact of Memecoins on pair creation, we compared the number of Memecoin pairs created to the number of "normal" pairs on Uniswap. This analysis allowed us to identify any significant differences in pair creation trends and understand the preferences and demand for Memecoin pairs. Moreover, we investigated the most active pairs within the Memecoin market segment to identify which specific Memecoins were driving the majority of trading activity.

Lastly, we studied the impact of the Memecoin season on "normal" pairs on Uniswap. By analyzing trading behavior and liquidity patterns, we aimed to uncover any correlations or shifts in activity resulting from the rise of Memecoins. This analysis helped us understand the broader impact of Memecoins on the trading dynamics and liquidity of traditional pairs on Uniswap.

By employing this comprehensive methodology, combining Flipside Crypto's on-chain data and leveraging various metrics, we were able to gain deep insights into the influence and effects of Memecoins on Uniswap.

1. Memecoin Surge: The rise of Memecoins has led to a significant surge in swapping activity on Uniswap, with Memecoin swaps accounting for a notable portion of the total swaps during the memecoin season.

2. New Participants: The popularity of Memecoins has attracted new users to the Uniswap platform, contributing to an increase in the number of new participants joining during the memecoin season.

3. User Segmentation: Different types of users engage with Memecoins on Uniswap, including sporadic passenger users, low-active regular users, high-active whales, and bots. High-active whales and bots generate a substantial portion of the trading volume.

4. Impact on "Normal" Pairs: The memecoin season has had an impact on the activity of "normal" pairs on Uniswap, with an increase in overall pair activity, including trading metrics such as swaps, swappers, and volume.

5. Token Pair Dominance: Specific memecoin-related token pairs, particularly those involving the PEPE memecoin, dominate the swapping activity and trading volume on Uniswap during the memecoin season.

6. Chain Analysis: The inclusion of specific chain analysis allows readers to track and compare the developments and trends on different chains such as BSC, Ethereum, Optimism, and Polygon, providing a comprehensive understanding of the unique dynamics within each chain.

These key insights highlight the influence of Memecoins on Uniswap, the attraction of new users, the diverse user base, the impact on "normal" pairs, and the dominance of specific token pairs. The ability to analyze specific chains enhances the understanding of the crypto ecosystem, enabling informed decision-making within different crypto environments.