Introduction

Gas fee is a puzzling issue in the blockchain projects. On the one hand, the low gas fee is appealing for users to use the projects (chains), on the other hand the high gas fee make more profit for projects.

The objective of this dashboard is to investigate what percentage of total gas fee generated on Ethereum are related to Uniswap usage since the start of 2022 and how this ratio has changes over time.

Method and data

For the purpose of this dashboard fact_Transactions and ez_dex_swaps tables of ethereum_core schema provided by Flipside has been used.

First transactions id of all uniswap's swaps has been identified through ez_dex_swaps. Then, the amount of tx_fee as well as gas used of the identified transactions has been calculated for gas fee usage on uniswap.

Results

The graph below shows how the total daily ethereum transaction fees has been changed since January 1st 2022.

In total about 10% of transaction fees has been generated by swaps on uniswap.

The graph below shows how the proportion of Uniswap tx_fee to all Ethereum tx_fees has been changed over time.

When we look at gas fee used we can see almost the same ratio.

Note: In transaction fee the change of gas fee price is included.

The graph below shows the total gas fee usage over time.

Notable findings

• 10 percent of transaction fees on Ethereum has been generated through transactions on Uniswap since the beginning of 2022.

• The dominance of gas usage and transaction fee generated on Uniswap in increasing.