What is Uniswap 2022 business data and Token performance?

The original title: the project tracking report: 2022 years of ups and downs Uniswap | refactoring institute & have spent"

Old Yuppie

The cryptocurrency market lost more than $1.4 trillion in value in 2022. This decline is due to the various issues facing the industry, with a number of high-profile names within the ecosystem filing for bankruptcy, including BlockFi, Celsius, Voyager, Three Arrows Capital, FTX and Alameda.

The decentralized Finance (DeFi) vertical took a similar hit as the total value lock of all agreements (TVL, the total value of all assets held in DeFi products) plummeted 77 percent. The reasons behind DeFi TVL's decline are not hard to parse.

In 2020, the U.S. government implemented an economic stimulus package, resulting in an increase in the supply of dollars, leading to increased demand and higher prices (inflation) in 2021. In response to this rising inflation, the Federal Reserve raised interest rates in 2022. That makes borrowing more expensive, encouraging investors and consumers to spend less.

As a result, investors have stayed away from speculative asset classes (cryptocurrencies) and put their money in the risk-free yield of U.S. Treasurys. This has led to severe declines in the value of several crypto assets, yields on DeFi investments, and DeFi TVL in general.

Busy People in 2022

Uniswap has been busy throughout the year, launching a variety of versions.

Launched in 2018, Uniswap is a decentralized cryptocurrency trading protocol that allows users to trade cryptocurrency assets.

The original version of the Uniswap protocol, known as Uniswap V1, was launched as a trial run to assess the effectiveness of the automated Market Maker (AMM) liquidity model. In May 2020, Uniswap V1 was replaced by Uniswap V2, which introduced a number of enhancements and new features to the platform.

Launched in May 2021, Uniswap V3 gained rapid popularity in 2022 as it introduced a number of important upgrades to DEX. This includes centralized liquidity, flexible transaction fees, and order range.

This series of upgrades introduced by Uniswap V3 has resulted in its rapid adoption, which has resulted in significantly higher growth in its TVL than the previous two releases. According to DeFiLlama, Uniswap V3's TVLS amounted to US $2.45 billion, or 74% of Uniswap's total TVLS.

In 2022, Uniswap V3 rapidly eclipsed preexisting DEX as its share of total DEX transaction volume grew due to increased usage.

As of January 2022, Uniswap V3 had a 39.4% share of DEX's total transaction volume, according to Dune Analytics. By May, its share of total trading had peaked at 72%.

Interestingly, Uniswap V3's position was under threat during the FTX failure, as other DEX usage increased due to investors fleeing to DEX from centralized trading platforms. As a result, its share of total DEX trading volume fell, hitting a low of 36.5 percent on Nov. 11. This is the lowest point it has ever reached in the entire 12-month period.

Soon after, it rebounded, reaching 46.5 percent as of Dec. 29. Uniswap V3's share of total DEX transaction volume increased 27% year-to-date.

Dune Analytics

Uniswap V3's high transaction volume was attributed to its continued growth in daily users. The steady growth in daily users makes it the DEX with the most daily users, topping all other DEX, according to Dune Analytics.

Uniswap v3 recorded a maximum daily count of 25,552 users on 9 November when FTX crashed. During the market turmoil caused by the sudden FTX turmoil, we saw the largest influx of users from centralized exchanges.

As at end-December 22, Uniswap v3 had 12,949 daily households.

Dune Analytics

Despite the great success of its V3 deployment in 2022, Uniswap could not escape the impact of a severe bear market that resulted in a decline in many DeFi agreements over a 12-month period.

Uniswap's monthly transaction volume peaked in January last year, when DEX recorded $71 billion in transactions. By December, however, that figure had steadily dropped to $17 billion.

Unity is strength

Let's look at its key performance indicators for 2022.

Uniswap's transaction volume fell sharply in the first three quarters of this year. The leading DEX ended the fourth quarter of 2021 with $238.28 billion in transactions, according to Messari.

By the end of the first quarter of 2022, when the bear market swept across the sector and investors began moving money into US Treasuries, Uniswap's trading volume fell 21 per cent. It ended the first quarter with $189 billion in trading.

The second quarter didn't get any better. The severe demise of Terra LUNA created a contagion that led to the collapse of several other players in the industry. Volumes fell across the DeFi protocol, while DeFi TVL fell further. Uniswap ended the second quarter with trading volume of $172 billion, down 8% sequentially.

Messari reports that by the end of the third quarter, trading volumes had even fallen sharply, by 30%.

In addition to the decline in transaction volume, Uniswap's supply liquidity is also declining. Liquidity stood at $3.9 billion at the end of the third quarter, down by more than half since the beginning of the year.

Similarly, fees paid to Uniswap's liquidity providers declined throughout the year.

MessariUNI is having a hard time

UNI is the governance Token of the Uniswap agreement, allowing holders to vote on changes to the agreement and participate in its decision-making process. It is also used as a utility Token within the Uniswap platform, allowing users to access certain features and services.

在今年年初，根据 CoinMarketCap 的数据，该 Token 的交易价格为 17.1 美元。在 2022 年的熊市中，这个价格水平仍然是 UNI 的最高销售价格点。

At the time of Old Yuppie's writing, UNI was trading at $5.20 and at the end of '22 at $5.01. In 2022, UNI has lost more than 71 percent of its value.

Photo: CoinMarketCap Conclusion

Uniswap faces a difficult year due to the challenging macroeconomic environment, geopolitical uncertainties and institutional liquidation. While DEX saw a decline in trading activity during the year, Uniswap strengthened its position in the cryptocurrency industry by building an investment team and an NFT market aggregator. These moves allow the protocol to continue to be a key player in the crypto economy.

Have you contributed to Uniswap's rise in market value? Are you bullish on Uniswap in the New Year?

Original link

欢迎加入律动 BlockBeats 官方社群：

Telegram 订阅群：https://t.me/theblockbeats

Telegram 交流群：https://t.me/BlockBeats_App

Twitter 官方账号：https://twitter.com/BlockBeatsAsia