Try Quests to earn cryptoUniswap NFT
Introduction
> Trade your favorite tokens and NFTs all in one place!
From the end of November, everyone can trade NFTs across major marketplaces to find more listings and better prices in the Uniswap NFT aggregator.
Although NFTs and ERC-20 tokens have largely existed as separate ecosystems within crypto, both are vital to the growth of the digital economy. Announcing NFTs on Uniswap is the first step to ensuring more interoperability.
As part of their commitment to providing users with the best experience possible with Uniswap, UnisawpLab claims that they built the aggregator to deliver better prices, faster indexing, safer smart contracts, and efficient execution.
With Uniswap, the NFT ecosystem can expect:
More listings, at better prices. Aggregators deliver better prices by combining multiple marketplace listings into one interface. At launch, Uniswap will support OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX.
More gas savings. When purchasing across marketplaces, save up to 15% on gas costs compared to other NFT aggregators. new open-sourced Universal Router contract allows Uniswap’s aggregator to save tens of thousands of gas units over other marketplaces.
Trustless and open source. Uniswap is committed to being trustless, transparent, and open source:
> We’ve brought those same design principles to NFTs and open-sourced all of our front-end code, making us the first major NFT platform to do so.
In this dashboard, we gathered some data about the Uniswap NFT aggregator and analyzed this aggregator’s performance.
Analysis
In this dashboard we discuss the following topics:
Overall stats
Daily Trends
New users
Top 5 collections
Compare Uniswap with other Aggregations (Blur, GEM) Based on:
1- Platform Fee
2- Transaction Fee
3- New Comers
4- Sales and Collection
5- Number of Listed Items in Each Collection
6- UI/UX
Genie Airdrop Users
Daily Stats
On the first day that the Uniswap NFT aggregator launched, while the number of sales was relatively high, the daily volume was not significant; it might be due to the first experience check with low volume. On the second day, the sales number reached the peak at 1062 transactions with 254.7k USD volume. Then it experienced a gradual fall until the 6th of December, at which the sales volume reached almost the same top (260k USD), but the number of transactions was approximately one-third as large as the second day (382 and 1062, respectively.) This occasion might show the growing trust with transactions of higher volumes. In the next week this pattern repeated after a gradual fall, it rose in a single day, and it plateaued for the rest of the period.
A decline in sales has been observed in the two weeks since launched.
Top 5 NFT Collections
The “mutantapeyachtclub” collection ranked first based on total volume by slightly more than 212 ETH which also has the highest average price of 14.19 ETH.
The following highest volume of sales pertains to “clone x”, “boredapekennetclub”, “LilPudgys”, and Valhalla with approximate ETH volumes of 163, 108, 93, and 85 respectively.
The average price of these collections is also shown in another bar chart.
By comparing the charts we can see that although the “LilPudgys” collection has a significantly lower average price, it still has ranked fourth in the collections with the highest sales volume, which might signify its high popularity.
In other cases, the collections with higher volume sales have a higher average price as well.
Market Share of Different NFT Platfroms
The “Opensea” platform has always had a considerable share of daily volume.
There was a spike in the "looksrare" platform's volume on two specific days, namely December 6 2022 and December 12 2022, when it held the largest share of the market. As far as sales numbers are concerned, the “opensea” has always had the largest share, but only today (December 18) did the "x2y2" platform reach a number comparable to the "opensea" platform.
3-New Daily Users
“Uniswap” absorbed a higher number of daily users in the first days of its launch with 355 new users. This number mostly decreased in the rest of the period, a number around 60 new users each day in the final days. “Blur” has the most number of daily users for the whole period; however, in the first days, the number is significantly higher in the first days. “GEM” has had a more consistent number of new users in this particular period, a number between 240 and 664 with fewer fluctuations compared to those other two aggregators.
Overview
In this section, we show the overall statistics about the Uniswap NFT aggregator.
More than 9000 NFTs have been sold through Uniswap's NFT aggregator in just two weeks, and more than 2000 unique wallets have used it.
NFT collection “parallel” has the highest number of sales with 296 sales.
Other collections in the top five sale numbers have sold a number between 200 to 250.
The “parallel” and “froggy friends” collections have substantially larger average prices as compared to the other collections with values of roughly 0.2159 and 0.1371 ETH respectively.
Buyers’ Stats
The below chart shows the daily unique users who trade in the Uniswap NFT aggregator.
Although in the first two days almost 350 users utilized the Uniswap aggregator, in the following days it gradually declined, resulting in just 41 purchases in December 18.
The highest number of purchases by a single user is 158, the second one is 125, and three others have had roughly 100 purchases.
The highest volume of trades by a user is almost 101.4 ETH. The next top buyers with the highest volume of trades have the sum of 76.2 ETH, 66.8 ETH, 64.4 ETH, and 42 ETH.
Among the three intended aggregators, “Blur” boasts 320k transactions. Even with about 172.5k of them being free of charge, it still had the most amount of income with 314 ETH.
There is no significant difference between the maximum amount of platform fees or different aggregators; however, the average amount is notably higher for “Uniswap.” The lowest average platform fee pertained to “Blur” with roughly a quarter of the amount of “Uniswap.”
As opposed to “Uniswap” claims that it has the most amount of gas savings, it indeed has the highest value of transaction fee compared to its two rivals in the investigated period of time. The maximum value of the transaction fee belongs to “Blur” and “Uniswap” has the lowest maximum value a much lower value. On the other hand, “Uniswap” has the largest minimum value and “GEM” has the lowest value.
Genie Airdrop
To celebrate NFTs on Uniswap, Uniswap is airdropping approximately 5 million USDC(4,878,100 USDC) to certain historical Genie users. This will show gratitude to longtime Genie users and welcome them into the Uniswap community. Based on a snapshot taken on April 15, 2022, at 00:00 UTC, we’ve created three tiers for recipients:
Tier 1: The $300 tier is available to wallets that completed more than one transaction before the snapshot.
Tier 2: The $1,000 tier is available to wallets that held the Genie: Genesis NFT as of the snapshot.
Note: Users are eligible per unique address, meaning multiple Genie: Genesis NFTs in the same wallet are only eligible once.
This tier is also available to wallets that purchased a Genie: Genesis NFT or a Genie: Gem NFT between 5:59 pm and 9:15 pm UTC on June 21st.
Tier 3: The $1300 tier is available to wallets that are eligible for both tier 1 and tier 2.
A total of 4,878,100 USDC have been allocated so far. 2,376,900 USDC have been claimed, which represents 48.7% of the total.
There are still 2,501,200 USDC (almost 52%) that are unclaimed.
There are still 8,527 users (nearly 53%) who have not claimed their USDC tokens out of 15,928 eligible users.
7671 wallets, 48.2 %, of all eligible users, have claimed their tokens by 2022-12-19.
the number of users and tokens have been claimed by the largest number of users in the first days of the Uniswap/genie Airdrop. The first 2 days of the airdrop saw almost 40% of the total amount claimed.
4-sales and collections:
The above charts show the daily sales and volume of sales in both ETH and USD scale. in all charts, the highest numbers are related to the Blur and the lowest numbers are related to the Uniswap.
“Blur” also has the most distinctive collections which have more than 3000 of them. “GEM” ranks second with almost 700 fewer collections, and “Uniswap” with slightly more than 1000 collections has the lowest number of distinct collections.
NFT Sales in Different Range of Prices in Uniswap
The most number of NFT trades is in the range of 0.01-0.1 ETH which almost accounts for 45.3% of the whole.
The next number of sales is associated with NFTs that are worth less than 0.01 which comprise 36.6% of the sales.
The following ranges are 0.1-1 ETH, 1-10 ETH, and 10-100 ETH which account for 16.4%, 1.63%, and 0.12% respectively.
In terms of the volume of sales, the NFTs with the highest amount lie in the range of 0.01-0.1 ETH, which is 35.8% of the total volume.
The next range with a considerable volume is 1-10ETH which accounts for 31.5% of the volume. Despite NFTs that cost less than 0.01 ETH consisting of one-third of the number of sales, due to their cheap value, they only involve 13.8% of the total volume.
Methodology
In this dashboard we use Ethereum core schema of Flipside database:
Ethereum Tables:
ethereum.core.ez_nft_sales
ethereum.core.fact_event_logs
Uniswap NFT aggregator Contract Address:
0xef1c6e67703c7bd7107eed8303fbe6ec2554bf6b
with below condotion in the query we sort the Uniswap NFT aggregator transaction:
ORIGIN_TO_ADDRESS = lower ('0xef1c6e67703c7bd7107eed8303fbe6ec2554bf6b')
with below condotions in the query we sort the Blur and GEM NFT aggregators transaction:
aggregator_name ilike 'Blur'
aggregator_name ilike 'GEM'
5. Number of Listed Items in Popular Collection and UI/UX Comparison
Generally, Blur listed more items in each individual collection, for example in the “Bored Ape Yacht” collection Blur Listed 601 items (50 items more than Uniswap) and in the “Valhalla” collection Blur listed 181 more than Uniswap (1877 and 1696, respectively) but there are some collection like the “Crypto Punks” which Uniswap presented significantly more than Blur (1204 and 401, respectively).
The Pink Uniswap colour on the front page is not the best first expression and could be enhanced graphicly and we found blur a more user-friendly platform with proper data presentation.
Conclusion
One of the most famous names in the cryptocurrency world is Uniswap, which is one of the oldest and most trustworthy decentralized exchanges out there. Then, it would be easier for Uniswap NFT aggregator to become the largest aggregator and absorb many users, similar to Uniswap DEX.
However, Uniswap has some serious rivals, especially Blur, so they still have some way to go.
The analysis shows that Blur has more listings, more gas savings, and fewer transaction fees, and as its main feature it does not charge platform fees.
Uniswap NFT aggregator needs to work on many aspects of improving the user experience so that it can serve customers better.