Cointime

Download App
iOS & Android

UniswapX transaction volume has exceeded US$1 billion, approximately 90% of which was facilitated by 3 market makers

danning.eth posted on the X platform, stating that according to Dune data, the trading volume of UniswapX has exceeded $1 billion since its launch.

Today, more than 15 fillers are active and facilitating transactions, with more fillers being added - four new filler contracts have emerged in the past week. However, the top three fillers account for approximately 90% of the total transaction volume.

In the past month, a new filler has risen to first place, facilitating more than 50% of the transaction volume since its launch, causing the share of the second-ranked filler to drop from its initial 90% to about 20%. The third-ranked filler accounts for approximately 20% of the total transaction volume. The top three fillers are all market makers.

Danning.eth believes that on the one hand, the RFQ (request for quote) in the DeFi field has always been dominated by 2-3 market makers in terms of transaction volume. However, if 90% of the transaction volume is facilitated by three market makers, is the (platform's transaction) price really competitive? Undoubtedly, private liquidity (sources) are promoting more transactions while improving the pricing of the Uniswap platform.

Previously, in July, Uniswap announced the launch of the UniswapX protocol, which is permissionless, open source, and based on Dutch auctions for trading across AMMs and other liquidity sources. In the future, UniswapX will gradually achieve: better prices through aggregated liquidity sources, gas-free transactions, anti-MEV, no cost for failed transactions, and gas-free cross-chain transactions in the coming months.

Comments

All Comments

Recommended for you

  • Robinhood Chief Legal Officer Dan Gallagher Says He Won't Become SEC Chairman

    According to market news, Dan Gallagher, the Chief Legal Officer of Robinhood, stated that he would not serve as the Chairman of the US Securities and Exchange Commission.
  • U.S. Supreme Court rejects Facebook's attempt to avoid shareholder securities fraud lawsuit

     US Supreme Court rejected Facebook's attempt to avoid shareholder securities fraud lawsuits under the META umbrella.
  • Family Offices Evolve into Powerful Investment Entities with Innovative Strategies and Advanced Technologies

    Family offices, which traditionally focused on conservative investment strategies, have transformed into powerful investment entities with a focus on alternative investments, private equity, co-investments, venture capital, and impact investing. This shift has been driven by innovative financial solutions and modern investment strategies, responding to technological advancements and an evolving global financial landscape. Family offices are taking a more active role in direct investments and co-investments, particularly in high-growth companies and startups, enhancing their control and flexibility. They are also diversifying further into private markets and real assets due to geopolitical and macroeconomic uncertainties, while embracing innovative financing solutions and cutting-edge risk management techniques. Additionally, family offices are implementing AI technologies to improve their decision-making processes, particularly in investment analysis, reflecting their commitment to innovation and strategic planning.
  • The Evolution of Family Offices: Embracing Innovative Investment Strategies and Technology

    Family offices have shifted from conservative investment strategies to more active roles in direct investments and co-investments, thanks to innovative financial solutions and modern investment strategies. They are now leaders in alternative investments, private equity, co-investments, venture capital, and impact investing, leveraging their capital through non-recourse and limited-recourse financing to expand their investments across sectors and regions. Family offices are also adopting sophisticated risk management strategies, diversifying further into private markets and real assets, and integrating advanced technologies such as AI-driven platforms to enhance decision-making processes. A family office in the UAE, International Venture Investments Holding, takes an active investment approach, emphasizing operational autonomy and forming dedicated management teams for specific projects. The UBS Global Family Office Report 2024 shows that 78% of family offices plan to invest in generative artificial intelligence in the next two to three years.
  • Source: a16z expected to get a seat on Trump’s cryptocurrency advisory board

    On November 22nd, according to multiple executives in the digital asset industry, many cryptocurrency companies such as Ripple, Kraken, and Circle are vying for seats on the cryptocurrency advisory committee promised by President Trump, seeking to have a say in their plans for US policy reform. One source said that the cryptocurrency department of venture capital giant Andreessen Horowitz, a16z, is expected to receive a seat, but currently an a16z spokesperson declined to comment on the matter.
  • UK to Draft Regulatory Framework for Crypto Industry by Early Next Year

    The U.K. intends to create regulations for the cryptocurrency industry by early 2022, with a focus on stablecoins and staking services. This announcement by Economic Secretary Tulip Siddiq at a conference in London will provide clarity for the industry after months of uncertainty. The new framework will be eagerly awaited by those in the industry, as Bitcoin continues to break records and gain mainstream acceptance.
  • Matrixport: It is recommended that institutional investors allocate both Bitcoin and gold

    On November 22, Matrixport's latest weekly report shows that the progress of the fifth Bitcoin bull market coincides with its prediction for July 2023. The report predicts that Bitcoin will reach $125,000 in December 2024, and with Bitcoin approaching the $100,000 mark, this prediction becomes more credible.
  • How Crypto Could Help Open-Source AI Reach Its Potential

    The impact of artificial intelligence (AI) is being felt across various sectors, including drug discovery, workforce productivity, and personalized content on streaming platforms like Netflix. Experts predict that the AI industry will grow by 40% annually and reach a trillion-dollar market by 2030, potentially transforming industries on an unprecedented scale. The use of cryptocurrency could play a crucial role in enabling open-source AI to overcome current limitations and reach its full potential.
  • Cointime June 1st News Express

    1. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it
  • Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it

    According to Paradigm researcher Dan Robinson's post on X regarding the "Uniswap postpones UNI staking and delegation reward voting scheduled for Friday" issue, he said, "It is disappointing that a large VC attempted to manipulate the token governance process at the last minute and delay community proposals to advance their own 'pet' project." Dan Robinson did not specify which VC it was.