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About this newsletter


The Uniswap Report is a weekly summary of activity on the Uniswap Platform.

Subscribe now to have each issue delivered to your inbox with each week's highlights, top exchanges and stats like trading volumes and liquidity reserves.

Uniswap Report

May 7 - 13, 2019

Protocol stats

LAST WEEK

W/W CHANGE

% CHANGE

Active Exchanges 40 +3 +8%
Liquidity Reserves, ETH 30,589 -868 -3%
Trading Volume, ETH 55,472 +23,370 +73%
Traders 1,042 +313 +43%
Active Liquidity Providers 153 +28 +22%

🔶 DAI Liquidity -20%, Volume +60% w/w


DAI liquidity reserves are down 1,631 ETH with trading volumes up 9,531 ETH w/w.

There are two likely causes for the liquidity drop: the Stability Fee increase to 19.5% for borrowing DAI  (May 3) and the recent bullish sentiment in the overall market.
  • Liquidity Providers in this market who are not using borrowed DAI only benefit half as much from ETH price increases (compared to fully holding ETH) and look to trading fees to make up the difference.
  • Liquidity Providers using borrowed DAI benefit wholly from ETH price increases and trading fees but pay the stability fee for the term of their loan.
Other stablecoins similarly benefited from ETH price volatility.
  • TUSD +67% volume w/w
  • USDC +143% volume w/w
 

🧦 SOCKS


The new SOCKS market snuck into the top 15 exchanges this week with almost 150 ETH in trading volume and 145 traders (comparable with MKR). Each SOCKS token represents an agreement for future delivery of a pair of Uniswap branded socks.

In case you missed it, the announcement tweet is here. This goofy demonstration of quickly creating a new token, market and simple exchange website to rapidly facilitate a market for pre-production products is impressive.


 

📊 Protocol trends

 

Top Exchanges

Last week's Top 15

VOLUME (ETH) ▼

TRADERS

LIQUIDITY
(ETH)

--- DAI
0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359
25,463.10 462 6,771.78
--- MKR
0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
15,513.10 149 11,871.06
--- TUSD
0x8dd5fbce2f6a956c3022ba3663759011dd51e73e
3,352.74 27 1,459.95
--- BAT
0x0d8775f648430679a709e98d2b0cb6250d2887ef
2,693.06 82 1,528.10
▲ 1 USDC
0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
1,912.24 60 885.04
▼ 1 WETH
0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2
1,318.79 36 2,342.53
--- SPANK
0x42d6622dece394b54999fbd73d108123806f6a18
931.06 49 191.25
▲ 11 BLT
0x107c4504cd79c5d2696ea0030a8dd4e92601b82e
730.77 23 149.66
▼ 1 REP
0x1985365e9f78359a9b6ad760e32412f4a445e862
543.67 48 510.32
--- LINK
0x514910771af9ca656af840dff83e8264ecf986ca
352.40 43 67.64
▲ 19 NMR
0x1776e1f26f98b1a5df9cd347953a26dd3cb46671
273.10 15 178.31
▲ 1 ANT
0x960b236a07cf122663c4303350609a66a7b288c0
265.19 24 231.29
▲ 1 RDN
0x255aa6df07540cb5d3d297f0d0d4d84cb52bc8e6
211.13 23 241.48
▼ 5 ZRX
0xe41d2489571d322189246dafa5ebde1f4699f498
154.62 53 305.08
New SOCKS
0x23b608675a2b2fb1890d3abbd85c5775c51691d5
149.19 145 65.54
Sharing URL: https://mailchi.mp/blocklytics/uniswap-report-2019-05-14?e=[UNIQID]

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