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

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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.

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