Introduction

Liquidity pools not only offer earning passive income but also provide an opportunity of exchanging tokens and performing trade.

However, not always users who use a liquidity pool or a platform for trading or exchanging use the same liquidity pool or platform for earning yield by depositing liquidity.

This dashboard investigates what percentage of swappers were also liquidity providers at some point in January.

Method and Data

Liquidity provider is defined as wallets who had an action of INCREASE_LIQUIDITY at least one time in January 2022. swapper is defined as wallets who swapped using liquidity pools provided by UniSwap v3 at least one time in January.

Tables uniswapv3.lp_actions and uniswapv3.swaps provided by Flipside Crypto have been used.

Results

The table below shows the number of unique swappers on UniSwap v3 in January as well as the number of unique wallets who have provided (increased) liquidity into liquidity pools available by UniSwap v3 in January.

As can be seen only 2,11% of swappers have been provided liquidity into liquidity pools on Uniswap v3.