Uniswap β Statistical Analysis
With $1.59B TVL and $19.90B 30d volume (~12.5x monthly turnover) but only ~0.10% effective fee rate and ~17% revenue capture, Uniswap shows deep liquidity and mature adoption with cyclical activity sensitivity.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
TVL stands at $1.59B (24h: -0.38%), indicating relatively stable liquidity. On the activity side, reported 24h trading volume is $1.623B, while the protocol volume metric shows $149.8M (1d: -56.64%), highlighting meaningful variance across venue/coverage definitions. Over longer windows, volume totals $4.15B (7d) and $19.90B (30d), consistent with a large, continuously used DEX footprint.
2. Capital Efficiency
Using protocol volume, capital turnover is 0.094x/day ($149.8M / $1.59B), 2.61x/week ($4.15B / $1.59B), and 12.5x/month ($19.90B / $1.59B). The sharp -56.64% 1d volume change implies utilization is highly regime-dependent (risk-on/off flows), while TVL remains comparatively sticky, consistent with LP capital inertia and cross-chain liquidity fragmentation.
3. Liquidity & Pair Spread
Market breadth is high: 3,848 coins across 5,785 pairs (pairs/coin β 1.50), suggesting a long-tail listing profile rather than tight concentration. GeckoTerminal shows $2.53B in pool reserves, $220.9M 24h volume, 35,678 transactions, and 13,570 active users (β 2.63 tx/user/day). Reported top pairs are individually small (largest shown ~1% share; others 0.3% or 0.01%), implying liquidity and flow are dispersed across many poolsβgood for variety, but it typically increases routing complexity and can widen effective spreads for non-core pairs.
4. Chain Dominance
Liquidity is strongly concentrated on a few chains: Ethereum $945.6M (59.6%), Base $235.7M (14.9%), Arbitrum $204.8M (12.9%), BNB Chain $92.7M (5.8%)βtop 4 sum to ~93.2% of deployed TVL. The remainder is a long tail (each typically <2%), indicating Uniswapβs cross-chain presence is wide but economically dominated by Ethereum L1 plus major L2s, consistent with where blue-chip assets and large order flow settle.
5. Analyst Verdict
Fee generation is modest relative to activity: $148.7K fees (24h) and $21.3M (30d) imply an effective fee rate of ~9.9 bps on 24h volume ($148.7K / $149.8M) and ~10.7 bps on 30d volume ($21.3M / $19.90B). Protocol revenue is $26.1K (24h) and $3.6M (30d), i.e., revenue/fees β 17.6% (24h) and 16.9% (30d), so most fees accrue to LPs rather than the protocol. Valuation screens inexpensive versus liquidity: MCap/TVL 0.63 and FDV/TVL 0.89, despite UNI being down -22.64% (30d). With 2 audits but Trust Score N/A, the quantitative read is: mature fee throughput ($3.47B all-time fees) and deep-chain dominance, tempered by volatile utilization and limited direct protocol monetization.