Uniswap β Statistical Analysis
Uniswap demonstrates robust market leadership with a combined TVL exceeding $1.46B, a 24h trading volume of $1.0089B, and strong capital efficiency, supported by a diverse multi-chain presence and consistent revenue generation.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
Uniswap is a leading DEX with a Total Value Locked (TVL) of $1.46B, experiencing a 1.61% 24h TVL change. The platform registered a significant 24h total trading volume of $1.0089B, with reported protocol volume at $284.5M. Over 7 days, volume reached $2.73B, and $16.04B over 30 days. Daily fees generated are $559.5K, leading to $108.1K in protocol revenue. Uniswap supports 3,701 listed coins and 5,534 trading pairs. The UNI token has a market capitalization of $1.98B and a Fully Diluted Valuation (FDV) of $2.84B, trading at $3.18. Its price has shown an 18.65% increase over the last 30 days.
2. Capital Efficiency
Uniswap exhibits robust capital efficiency. Its 24h total trading volume of $1.0089B represents 0.69x of its $1.46B TVL. Considering the reported protocol volume of $284.5M, the daily turnover is 0.19x. The weekly volume of $2.73B indicates a 1.87x turnover against TVL, while the monthly volume of $16.04B translates to an impressive 10.99x turnover. This suggests active utilization of locked capital. However, the reported daily volume experienced a -24.81% decrease, indicating recent short-term volatility in trading activity. The protocol generates approximately $383 in fees per $1M TVL daily.
3. Liquidity & Pair Spread
The protocol offers extensive market breadth with 3,701 listed coins and 5,534 trading pairs, yielding a pairs-to-coins ratio of approximately 1.5x. This high ratio indicates a rich and diverse trading environment. While overall TVL is substantial at $1.46B, the GeckoTerminal-tracked pool reserves are significantly lower at $4.6M, suggesting the GT data may focus on a subset of pools or a specific chain. Top trading pairs, such as WAVAX / USDC, WETH.e / WAVAX, and BTC.b / USDC (all with 0.05% fee tiers), highlight active trading in core assets, particularly within the Avalanche ecosystem, despite the oldest GT pool being created relatively recently on 2023-07-13.
4. Chain Dominance
Uniswap demonstrates a strong multi-chain strategy with its TVL distributed across numerous networks. Ethereum remains the dominant chain, holding $856.2M of TVL. Base follows as a significant second with $287.8M, and Arbitrum secures the third position with $145.0M. These top three chains collectively account for approximately 85% of Uniswap's reported TVL across its deployments, totaling around $1.29B. This concentration underscores Uniswap's core presence on Ethereum and its leading Layer 2 solutions, while also maintaining strategic, albeit smaller, deployments on Binance, Polygon, and various other emerging chains.
5. Analyst Verdict
Uniswap stands as a mature and highly utilized DEX with substantial operational metrics. It maintains a robust TVL of $1.46B and significant trading volumes across multiple timeframes. The protocol generates consistent daily fees of $559.5K, with $108.1K recognized as revenue, indicating an effective fee capture mechanism (22.4% revenue share). The UNI token exhibits a healthy MCap/TVL ratio of 0.67 and FDV/TVL ratio of 0.97 (using CoinGecko TVL of $2.94B), suggesting a balanced valuation relative to its locked capital. While the protocol has undergone 2 formal audits, a leading platform of this scale typically undergoes continuous security assessments. Its multi-chain deployment and high number of listed assets solidify its position as a cornerstone of the DeFi ecosystem.