==Introduction==

Uniswap is a DEX (Decentralized EXchange), which allows you to exchange your cryptocurrencies for others, using smart contracts over the Ethereum network. This fact already tells us one thing: Uniswap works with Ethereum ERC-20 tokens. Recall that, an ERC-20 token is a standard token type within Ethereum and of these token types there is a great variety. In fact, there are currently more than 420 thousand different ERC-20 tokens on Ethereum, which gives us an idea of the huge ecosystem that exists. It is precisely this point, which led Uniswap to its immense success: there is a huge community that needs this exchange functionality.

Uniswap is actually much more than a simple DEX. First of all, Uniswap was created as an AMM (Automated Market Maker) protocol. This means that Uniswap is able to allow its users to create markets from which third parties can benefit.

==Methodology==

The past October 14th 2022, Uniswap announced that the platform raised $165 million in Series B funding to bring the powerful simplicity of Uniswap to even more people across the world. After the announcement, the price of Uniswap's UNI token made an eye-catching jump in the market between this Thursday, October 13 and Friday, October 14. After falling to a three-week price low, UNI rebounded and has increased its price by about 20% in the last few hours. But, it affected as well the main Uniswap activity on the network?

Then, the main metrics to be analyzed are:

• UNI transfers and transferers by period
• Transfered volume and average trasnfered volume over time
• Distribution of transactions by size
• Distribution of volume by size
• Which are the most common UNI pools?
• UNI pools swap distribution by period
• UNI volume swapped by pool and period
• UNI price before and after event

In the first graph we can see the transfers ver time of Uniswap. After the new capital investment we see that the transfers went down quite a lot, from 2.2k to 1.5k.

Secondly, we see the transfers volume and average transfer size by period. We can see that after the event, the transfers volume dropped radically but after a few days they returned to the initial values.

Finally, we can see the number of users transfering by period. We can see that during August there were almost 1,6k users transfering. After that, it has been decreasing progressively but with some specific peaks. However, after the new capital investment, the number of users dropped and has been maintained at these values.

In the first graph we can see the distribution of transactions by volume size per period. We can see that before the new capital investment, the range where there were more transactions was between 1k and 10k. After the new capital investment, the values have become more distributed. There are more transactions in the 10k to 100k range, but the < $100 range has also increased considerably.

We can see that the volume distribution of UNI by size and period has decreased after the new capital investment in the >$100k range. In contrast, the range between $10k and $100k has increased.

In the last two graphs we can see the distribution of transactions by volume size over time. We can clearly see that after the event, transactions of >$100k plummeted, specifically on October 16, two days after the event. Consequently, the range between 10k and 100k increased quite a lot. Even so, after a few days, the values were quite similar to those before the event.

In the first graphs we can see the distribution of swaps by pool and period and their distribution. We see two pools that stand out above the others. After the new capital investment, they dropped considerably. Both of them halved their values. The other pools have also gone down but in a more progressive way.

In the other charts, we can see how something similar occurred. Here, the pool UNI-WETH has been the most important and become more important after the new capital investment. Then, it can be assessed that more volume went to this pools thanks to the announcement, passing from around 60 to 70% of the total volume swapped.

In this final chart, we can see the evolution of the UNI token price. Here, it can be seen the clear impact of the announcement on the token price, which spiked from a lower monthly price of 5.53 USD to 6.46 USD, gaining more than 20%. Afterthat, it seems that the token price has been consolidated at these levels.

Moreover, after the announcement, the token has continued going up and now it has reached it month max value above 7.09 USD.

==Key insights==

• The transfers went down quite a lot, from 2.2k to 1.5k, after the new capital investment.

• after the event, the transfers volume dropped radically but after a few days they returned to the initial values.

• after the new capital investment, the number of users dropped and has been maintained at these values.

• the range where there were more transactions was between 1k and 10k.

• After the new capital investment, the values have become more distributed.

• There are more transactions in the 10k to 100k range, but the < $100 range has also increased considerably.

• after the event, transactions of >$100k plummeted, specifically on October 16, two days after the event.

• Consequently, the range between 10k and 100k increased quite a lot. After a few days, the values were quite similar to those before the event.

• It can be assessed that more volume went to this pools thanks to the announcement, passing from around 60 to 70% of the total volume swapped.

• There has been a clear impact of the announcement on the token price, which spiked from a lower monthly price of 5.53 USD to 6.46 USD, gaining more than 20%. Afterthat, it seems that the token price has been consolidated at these levels.

  \