There are several reasons why individuals may transfer assets between centralized exchanges (CEX) and decentralized exchanges (DEX):

1. Liquidity: CEXs typically have higher liquidity than DEXs, meaning there are more buyers and sellers on the platform. This can make it easier and faster to buy or sell assets. However, DEXs are becoming more popular and are catching up in terms of liquidity.

2. Security: DEXs offer a higher level of security as they do not hold users' funds. Instead, users hold their own private keys and have full control over their assets. This reduces the risk of hacks or thefts that can occur on CEXs.

3. Privacy: DEXs offer greater privacy as users do not need to provide personal information to trade on the platform. This can be important for those who value their privacy or live in countries with strict financial regulations.

4. Lower fees: DEXs typically have lower fees than CEXs as they do not have the same overhead costs. This can be attractive for traders who want to minimize their trading costs.

Overall, the reasons for transferring assets between CEXs and DEXs depend on individual preferences and priorities. It's important to weigh the pros and cons of each platform and choose the one that best suits your needs.

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the centralized exchanges (CEXs) and decentralized exchanges (DEXs) on the Ethereum network are identified based on the labels:

SELECT *  from ethereum.core.dim_labels  where label_type= 'cex'  or 'dex'

• The inflow and outflow of assets into the CEXs from the DEXs have been calculated and vice versa.
• The domination of CEXs and DEXs for each end has been determined based on the volume of transferred $UNI.
• Draw a conclusion based on the outcomes related to the $UNI flow between CEXs and DEXs on the Ethereum blockchain.

NOTE: The reader can log into the Flipside website and set the time period of investigation by start date.

Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain. It allows users to trade Ethereum-based tokens without the need for intermediaries or central authorities. Uniswap uses an automated market maker (AMM) system that enables users to trade tokens based on a mathematical formula instead of matching buyers and sellers directly.

Uni token is the native governance token of the Uniswap platform. It was launched in September 2020 as a way to give users a voice in the decision-making process of the platform. Uni token holders can participate in governance proposals and vote on changes to the protocol, such as fee adjustments and new features.

Overall, Uniswap and Uni token are popular among cryptocurrency enthusiasts for their decentralized and community-driven approach to trading and governance.