Welcome back to our Uniswap data dashboards of the week! Each week, we turn people’s data questions into crypto bounties for data analysts to solve.
In this edition, we’ve got two terrific Uniswap V3 bounties to show off. That includes an analysis of simple swaps and how they compare to complex ones and a look at the most active LPs in WETH-USDC pools on Uniswap.
Why a bigger pool doesn’t equal more money 💰
We’ll start with swaps. In our first submission, @darksoulsfanlol attempted to determine what percentage of swaps on Uniswap are “simple swaps,” as compared to “complex swaps.” For the purposes of this question, “simple swaps” are defined as swaps where there is only one pool_name in the transaction and only two tokens are being swapped, while “complex swaps” see at least three tokens swapped.
As @darksoulsfanlol’s submission shows, large pools don’t always make the most money. Just because a pool is large doesn’t mean that transactions are automatically routed through it. This can be seen when comparing the volume of simple and complex swaps in the graphs below. The volume of complex swaps in large pools pales in comparison to simple swap volume. This shows that complex swaps aren’t utilizing the largest pools.
New positions from active LPs abound
@darksoulsfanlol is back in our next and final submission for this week. This time, we’re analyzing active positions on Uniswap and their price ranges.
As we can see in the table below, the most active liquidity providers on Uniswap had not slowed down their activities in the past month. In fact, of the 10 liquidity providers analyzed by @darksoulsfanlol, nine had created at least one more new position in the past 30 days. This shows just how active these LPs are, as many are willing to adjust their positions along with the ever-changing price of ETH in order to maximize their returns.
Get involved with Uniswap data
That does it for this week. Thanks to everyone who submitted such great Uniswap data dashboards
Want to get more involved with Flipside’s community and see your own submissions on our blog? Then make sure to join us on Discord, follow on Twitter, and subscribe to our newsletter, the Bounty Brief.