Try Quests to earn cryptoEthereum Easy Question
Choose 1 pool on Uniswap V3 where one of the token pair is USDC. Show the daily volume of transactions where USDC was swapped for the other token. Show the daily volume of transactions where the token was swapped for USDC. Show the aggregate daily total swap volume of your chosen pool. Show the daily number of transactions that used this pool.
Introduction:
Welcome to today's analysis of a popular Uniswap V3 pool, where we will be focusing on a pool with USDC as one of the token pairs. Uniswap V3 is a leading decentralized exchange that allows users to swap tokens and provide liquidity to various pools. Our chosen pool for today is the WBTC-USDC pair, which has consistently displayed strong performance and attracted a high number of transactions.
In this report, we will break down the daily volume of transactions involving USDC and WBTC in this specific pool. We will cover the following metrics:
The daily volume of transactions where USDC was swapped for WBTC . The daily volume of transactions where WBTC was swapped for USDC. The aggregate daily total swap volume for the USDC-WBTC pool. The daily number of transactions utilizing the USDC-WBTC pool. Stay tuned as we dive deep into the numbers and explore the intricacies of this prominent Uniswap V3 pool. Our aim is to provide you with valuable insights that can help you make informed decisions in the rapidly evolving world of decentralized finance.
Methodology:
In this dashboard we are going to be focusing on the table ethereum.core.ez_dex_swaps and more specially we are going to be focusing on the Uniswap-v3 pool WBTC-USDC 3000 60. We are going to be looking at activity on this pool over the last 30 days for swaps both for USDC from WBTC and for USDC from WBTC. We aim to understand how the swap volume has changed and progressed over the last 30 days and what that may mean for our particular pool.
Definitions:
What is Ethereum?
At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether (ETH). Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.
What is Uniswap?
Uniswap is a protocol on Ethereum for swapping ERC20 tokens. Unlike most exchanges, which are designed to take fees, Uniswap is designed to function as a public good — a tool for the community to trade tokens without platform fees or middlemen. Also unlike most exchanges, which match buyers and sellers to determine prices and execute trades, Uniswap uses a simple math equation and pools of tokens and ETH to do the same job.
