DEX analysis
For this bounty, analyse the market share of Uniswap to the other DEXs. Metrics to include can be (but not restricted to!) new & active users, volume, TVL, transactions, fees and fee structure, etc.
Uniswap is a cryptocurrency exchange which uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts
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Daily Transactions by DEX
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Daily Swap Volume by DEX
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Daily Unique Users by DEX
Curve is a software that uses multiple cryptocurrencies to operate an automated market making service focused on stablecoins (cryptocurrencies programmed to mimic other assets). One of a number of emerging decentralized finance (DeFi) protocols built on Ethereum, Curve facilitates trading not using a central order book, but rather pools of cryptocurrencies provided by users, who in turn can earn fees through their deposits.
SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets. Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.
In this dashboard I looked at the three different metrics daily, which are Swap volume, total transactions, and and Unique Users(new Users). I compare these metrics between Curve, Uniswap, and Sushiswap. Additionally on each of the graphs I show the percentage of that metric that Uniswap makes up out of the total across the three DEXs. I do this in order to show Uniswap's market share in each of these respective areas.
If we look at the first metric, we can see that Uniswap has the most transactions on a daily basis at almost every single point on the graph. There was only one time on Uniswap where the amount of transactions daily dropped below that of another DEX and it was on January 30th 2022 where UNI dropped below Sushi in terms of transactions. If we look at the line it red it tracks what percentage of the total transactions occurred on UNI was can see that almost every point on the graph it is above 50% and it seems to average around 65% with dips as low as 20% and spikes as high as 93%.
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In terms of Swap volume and total daily transactions UNI majorly surpasses Curve and Sushi and remains in control of the dominant market share of those areas.
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In terms of unique daily Users UNI is behind Sushi and somewhat similar to that of Curve, but UNI has been consistently growing and it likely to surpass both in the near future if the trend continues.
If we look at the daily swap volume we can see that Uniswap is much larger than that of the other DEXs, with only a few occurances where UNI volume on one day is less than that of either Curve or Sushi. UNI swap volume tends to stay above 1B and has even reach spikes as large as 11B. If we look at the red line at the top we can see the percent of total Swap volume which is made up by UNI. This graph is all over the play with constant spikes and dips but overall tends to stick above 60% although there are countless spikes above and below this amount.
The amount of Unique users on UNI actually started below that of Curve and Sushi and although it has been trending upwards consistently over time it still appears to be less than that of Sushi and roughly equal to that of Curve on a day to day basis. If we look at the red line which shows the percentage of Unique users which are to UNI, we can see that it has also been trending upwards consistently over time starting at less than 4% in May of 2021 and making its all the way up to nearly 40% by the current day.