Uniswap

43 Billion monthly trading volumes. 1.7 Million monthly active users.

Today, we're talking Uniswap protocol growth and fee switch 🧵

In crypto since 2014 👾 DAO Governance at Karpatkey.

Built Web3 startups that grew to reach acquired or Billion-Dollar status.
📩 alicecorsini.substack.com

In 2017, @haydenzadams was laid off from his job. So, he got convinced to get into Ethereum.

After learning basic skills, he wanted to work on a *real project*. Inspired by a Vitalik post, he decided to implement an automated market maker.

That AMM now processes 2-to-3 Billion Dollars per day in trading volumes.

2/

Uniswap is THE most used application in the entire crypto industry.

And, it's expanding its reach to Layer 2s, where it's a top 5 dApp on:

🔵 Arbitrum
🔴 Optimism
🟣 Polygon
🔵 Base

3/

Arbitrum is the Layer 2 where Uniswap is most active with $ 109+ Billion cumulative volumes and $ 112.6 Million cumulative fees.

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There was a brief moment in time when SushiSwap overtook Uniswap in daily active users.

Today, Uniswap has around 50% market share in the DEX vertical with 10x the user base of 🍣

5/

In the last year, Uniswap generated $ 600 Million in user-paid fees.

Proposed by the Uniswap Foundation, the ongoing Uniswap fee switch proposal aims to allocate a portion of these trading fees to UNI token holders.

6/

Since the Uniswap Labs fee switch on its interface, the company generated $ 5.8 Million in revenues.

7/

UniswapDAO is the 3rd biggest DAO in the ecosystem.

And, has a community of 377.5k token holders.

Should the fee switch be approved, Uniswap would shift from the current model where 100% of trading fees go to LPs to provide $UNI token holders with a direct financial stake in the protocol’s operations.

8/

If you liked this thread, you can find more crypto deep-dives on the industry's most successful businesses on my substack👇

If you liked this thread, you can find more crypto deep-dives on the industry's most successful businesses on my substack👇

https://alicecorsini.substack.com?utm_source=navbar&utm_medium=web&r=1m9fg