From the second half of April onwards, Ethereum has witnessed a significant surge in activity, resulting in the highest gas prices observed in a year. One contributing factor to the rise in gas prices appears to be the increasing popularity of Memecoins. Notably, the memecoin $PEPE reached a peak market cap of over $1 billion. This newfound interest in Memecoins has had a direct impact on Uniswap's trading volume. Uniswap is a decentralized cryptocurrency exchange protocol that allows users to trade their tokens directly from their wallets without the need for intermediaries or traditional order books. Overall, Uniswap revolutionized the cryptocurrency exchange landscape by offering a decentralized and user-friendly platform for token trading, liquidity provision, and DeFi ecosystem growth. Therefore, given the unique position held by Uniswap, it becomes essential to examine the effects of different events on the platform's performance.

For this bounty, we aim to analyse the influence and effects of Memecoins on Uniswap. In the initial phase, our focus will be on analyzing the volume and number of memecoin swaps in comparison to other coins. Within this dashboard, swaps excluding memecoins will be referred to as "normal swaps". We will specifically examine the volume and number of swaps in both Uniswap versions 2 and 3. Moving forward, our attention will shift to evaluating trader performance. We will assess the count of active traders and new traders, aiming to determine whether the surge in volume due to memecoin swaps has attracted new users to Uniswap or prompted existing users to increase their engagement. Additionally, we will delve into traders' swap volume to identify the active participants in Memecoins on Uniswap. This investigation will shed light on the behavior of significant market players, such as whales, and their influence on the market.

The subsequent step involves identifying the top memecoins based on various factors, assessing their performance from different perspectives. Furthermore, we will evaluate the liquidity pools associated with memecoins. Our objective is to determine whether the introduction of Memecoins has resulted in an upswing or downturn in the number of memecoin liquidity pools created on Uniswap. Additionally, we will investigate the most frequently exchanged currencies in conjunction with memecoins. Next, we will analyze the impact of memecoin swaps on the increase of swap fees. We aim to understand how the inclusion of memecoins influences the fee structure within the swaps. Finally, we will investigate whether the swaps of memecoins on Uniswap has affected the price of UNI, the native token of Uniswap.

The following Flipside tables was utilized to extract data for this dashboard:

• ethereum.core.ez_dex_swaps: This table provided the necessary data to examine memecoin swaps. Considering that the surge in memecoin swap volume on Uniswap coincided with the listing of PEPE, the analysis focused on the period from April 1st to the present. A comprehensive review of swaps was conducted across both Uniswap versions 2 and 3. CoinGecko was utilized to compile a list of memecoins for reference.
• ethereum.core.dim_dex_liquidity_pools: This table was instrumental in assessing the liquidity pools associated with new memecoins. It facilitated an examination of the liquidity pool dynamics for these emerging assets.
• ethereum.core.fact_hourly_token_prices: The data from this table was utilized to evaluate the impact of the increased memecoin swaps on the price of the UNI token. The focus was on understanding the correlation between memecoin activity and UNI token price movements.
• ethereum.core.fact_transactions: This table's data was employed to analyze the status of swap fees recorded in Uniswap. It provided insights into the fee structure and its potential implications within the Uniswap ecosystem.

• Analyst: Emanoel
• My Flipside profile: Eman-Raz

🧡Special thanks to: Flipsidecrypto and Uniswap