Uniswap NFT Aggregator


What Is Uniswap (UNI)?
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities [1].
Uniswap NFT Aggregator
After acquiring Genie, Uniswap has now implemented NFTs.
As an aggregator, Uniswap surfaces listings from all major NFT marketplaces, including OpenSea, X2Y2, Sudoswap, LooksRare, and more. You’ll get the widest range of NFTs at the best prices!
The best part is that is should also enable lower gas fees.
The latest Universal Router smart contract can save you up to 15% on gas costs compared to other NFT aggregators, saving our users tens of thousands of gas units over other marketplaces.
To make gas even cheaper, they’re offering gas rebates to the first 22,000 NFT buyers.
And as promised, they are airdropping approximately $5M USDC to historical genie users.
Uniswap is committed to being trustless, transparent, and open source. They have open-sourced all of our front-end code, making it the first major NFT platform to do so.
Given that we are in a deep bear market that has heavily affected NFTs, NFT gaming, and crypto in general, it will be interesting to see if this helps to increase sales and over all volume.
When the bull market returns, it will be interesting to see if the gas fee savings help at all! [2].
Methodology
I will check out Uniswap as NFT aggregator that Uniswap has ran their NFT aggregator process. I try to check out some key factors for instance transaction numbers, volume, buyers, sellers , etc.
for reaching to data I use Ethereum schema and ez_nft_sales table.
Question from MetricsDAO:
Show daily transaction volumes on Uniswap's NFT aggregator.
Describe in your own words the benefits of using this marketplace to trade NFTs.
Pay close attention to the accuracy of your data.
Observations
- Uniswap has experienced about 3.5K NFTs sales transactions since inception.
- Uniswap has experienced about 2.4M USD as Total Volume of NFT sales since inception and on average volume of each transactions was about 210 USD.
- Uniswap has experienced about 2.1K Users as buyers and about 6.5K as Sellers since inception.
- Users on Uniswap has spent about 112 ETH as Total Fee for buying NFT from this platform and on average users spent about 0.01 ETH as average fee transactions. moreover, Users on Uniswap has spent about 122K USD as Fee volume and on average they spent about 10.7 USD per each transactions.
Observations
- on 30 Nov, Uniswap had the highest number of NFTs sales transactions with about 450 transactions but after it the trend of daily transactions converted to downward trend.
- the highest volume of NFTs sales volume was on 6 Dec with about 261K USD and after it 1 Dec had second place with about 254.7K USD and 12 Dec had third place with about 224.8K USD. the lowest sales volume was on 9 Dec with about 52K. also, the highest average sales volume was on 12 Dec with about 835.5 USD.
- the highest number of buyers was on 39 Nov with about 355 and the highest number of sellers was on 1 Dec with about 680.
- regarding number of collection on Uniswap, on 1 Dec experienced the highest number of collection with about 80 but after this day experienced downward trend.
- the highest amount of fee soent on 3 Dec with about 10.8 ETH and on average the highest amount of fee was on 12 Dec with about 0.022 ETH.
- Cumulative Data: Uniswap has experienced about 3.5K as Cumulative sales transactions, 2.4M as Cumulative USD volume and 112 ETH as Cumulative fee amount.
Introduction
Key Insights
- The highest number of NFT that sold on Uniswap was from Opensea and Opensea had the highest number of sales transaction with about 2.7K also this Platform has about 70% ratio of all sales transactions and also Opensea had the highest Sales volume with about 1.15M USD and about 48% ratio of all Volume after it Looksrare had second place with about 711K USD and about 30% ratio of all sales volume.
- MutanApeYachtClub was the most popular collection on Uniswap aggregator in terms of sales volume, this collection had the highest sales volume with about 266.3K and also had about 23.5% ratio of all sales volume after it Clone x had second place with about 220.5K USD and had about 20% ratio of all sales volume.
- Froggy Friends was the most popular collection on Uniswap aggregator in terms of sales transactions, this collection had the highest sales transactions with about 75 and also had about 20% ratio of all sales transaction after it Parallel had second place with about 67 transactions and had about 18% ratio of all sales transactions.
- the highest number of Users was on 30 Nov with about 355 and after it on 1 Dec with about 340. also, the highest number of new users was on these days and after that both users and daily new users has experienced downward trend.
- Cumulative data: Uniswap has experienced 2.6K users as cumulative users since inception and about 2.1K as cumulative new users since inception.
- To Sum Up: it seems first day of running Uniswap NFT Aggregator it could attract users to transact on it but after it, it seems uses lost their interest on it.