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Uniswap Report

Covering Dec 31 - Jan 6, 2020

PROTOCOL STATS

THIS WEEK

LAST WEEK

W/W

Liq. Reserves, ETH 105,133 103,566 +2%
Trading Volume, ETH 72,992 106,737 -32%
Traders 3,465 2,448 +42%
Trades 22,081 16,487 +34%
Liquidity Providers 3,416 3,224 +6%
Dear reader,

It has been a delight to write this newsletter each week (or so). The newsletter will be renamed to Pools Weekly in the near future to cover stats and news from more platforms.

Open liquidity pools have had a killer year. Uniswap liquidity grew from a few hundred ETH to over a hundred thousand ETH. Bancor is airdropping ownership tokens on its 60,000 token holders. Kyber is planning a major protocol upgrade.

Established figures in the space are joined by newcomers in innovating automated market maker systems. We've seen experiments in scaling and cross-chain swaps. We've seen solid UX improvements in many forms. I am particularly excited about our recent integration of DeFiZap on Pools.fyi.

New types of markets are opening. Uniswap has thousands of markets, including services, retweets, limited edition goods, digital goods, wrapped kitties and more. There is no doubt we will continue to be delighted by unique markets and tokens.

This year is shaping up to be extremely promising for automated market maker systems. We look forward to supporting the movement with Pools.fyi and the next iteration of this newsletter. Thank you for reading.

Kind regards,
Caleb

 

sETH pool passes $12m. This pool is used as an on-/off-ramp to the Synthetix platform and its liquidity providers are subsidized in SNX tokens. It is also popular because liquidity providers keep full exposure to ETH and there is little-to-no impermanent loss (both depend on the peg).

[From before Christmas] MKR volumes explode due to Synthetix abuse. Synthetix allows users to buy short and long positions with unlimited liquidity. Trades are settled with Uniswap price feeds. One savvy user opened positions on Synthetix, moved the price of MKR on Uniswap, then closed the positions in profit. The Synthetix market was subsequently closed.

Price discovery on limited edition services. With 10K twitter followers, @ameensol announced $PEW, a tokenized version of sponsored retweets. Uptake has been low despite a price reduction. Will another follow? Ameen added the first major boost of liquidity into Uniswap 13 months ago and continues to innovate on the platform.

Gamers pool together a market for in-game items. SLP (Small Love Potion) is an in-game consumable used to breed Axies in Axie Infinity. In total, 21 liquidity providers have banded together to make a new market for the digital goods.

Today's edition by
 
Caleb Sheridan
Co-founder, Blocklytics
Twitter
 

Trends

Over the last eight weeks

 

Top Exchanges

Ranked by volume

 

EXCHANGE

VOL. (ETH) ▼

TRADERS

LIQ. (ETH)

▲ 3 SNX
View on Pools.fyi ↗︎
17,968 604 2,882
▲ 1 DAI
View on Pools.fyi ↗︎
11,576 948 8,837
▼ 2 MKR
View on Pools.fyi ↗︎
10,304 383 11,721
▼ 2 sETH
View on Pools.fyi ↗︎
7,386 162 44,629
--- SAI
View on Pools.fyi ↗︎
5,481 446 4,238
▲ 3 sUSD
View on Pools.fyi ↗︎
2,943 271 1,270
▲ 1 USDC
View on Pools.fyi ↗︎
2,559 393 3,084
▼ 2 CBIX7
View on Pools.fyi ↗︎
2,200 14 2,186
▼ 2 WBTC
View on Pools.fyi ↗︎
1,563 151 2,821
▲ 4 LINK
View on Pools.fyi ↗︎
1,308 180 1,116
▼ 1 BAT
View on Pools.fyi ↗︎
1,269 276 2,257
New CMME
View on Pools.fyi ↗︎
989 126 28
--- WETH
View on Pools.fyi ↗︎
789 68 6,479
▲ 1 REP
View on Pools.fyi ↗︎
519 76 823
▲ 5 ANT
View on Pools.fyi ↗︎
477 66 404
Uniswap Factory: 0xc0a47dfe034b400b47bdad5fecda2621de6c4d95