MakerDAO Vs Uniswap After collaboration
Method
The information of this dashboard is from the last ==30 days== until today and most of the charts are divided into two parts '==Before collaboration==' and '==After collaboration==' and the date ==2023-02-07== is the basis of this event.
The charts on the ==right== side of this dashboard are related to ==UniSwap== and the charts on the ==left== are related to ==MakerDAO==.
- For ==Uniswap== data i used ==uniswapv3== database from ethereum and used this specific table to grab the needed data : ==“ethereum.uniswapv3.ez_lp_actions”== , ==“ethereum.core.fact_hourly_token_prices”==
- For ==MakerDAO== data i used ==Ethereum.maker== database and from that i used 3 tables to do my magic: ==“ethereum.maker.ez_deposits”== and ==“ethereum.maker.ez_withdrawals”== and ==‘ethereum.core.fact_hourly_token_prices”==
![db_img](https://uploads.flipsidecrypto.com/product/images/jgkmNhENh9dr.jpeg)
Information on the number of transactions
- All the graphs here in this dashboard are split into two categories, as you can see by the titles above this text box the left side graphs are representing info about MakerDAO and the graphs on the right side are showing Uniswap’s stats.
- In the first row bellow you can compare the number of deposit transactions of each platform from before the collaboration with after it, both graphs are showing Feb 15th to be the peak of activity here with MakerDAO reaching 23 transactions and Uniswap reaching 1826.
- The next type of transactions are withdraws, on the left side with the MakerDAO stats you can see the peak was reached on Feb 11th after collaboration and the closest number of transactions that it had to the mentioned date was on Feb 5th before the collaboration. Similar to the deposits Feb 15th to 19th is where Uniswap had its highest activity.
- With comparing the normalized forms at the end of this section you can see both platforms (except for MakerDAO on some days) have more deposit transactions than withdraws.
Information on the volume of transactions
- Based on the daily deposit volumes we can see MakerDAO breaking the 1M ceiling only on one day and it was on Feb 18th with 1.3M worth of volume. Daily deposit volume of Uniswap also had increased after Feb 6th and we can see it broke 1M ceiling on multiple days and it stopped on 432k on Feb 26th.
- The cumulative graph of deposit volume of Uniswap is a pretty much a steady build up but in the MakerDAO graph we can see two huge jumps on Feb 18th and 26th due to the high sudden deposits. The final deposit volumes of each platform is 3.2M for MakerDAO and 24.5M for Uniswap.
- Looking at the cumulative withdraw graphs we can see the final amount of withdraw for each platform is 2.6M and 24.5M respectively, based on the deposits and withdraws we can say the total net deposit of the platforms are about 570k and 20k respectively.
- Aside from high number of transactions and volumes of Uniswap we can see the net deposit of MakerDAO is much more than Uniswap until Feb 27th which is the last updated day of the graphs bellow.
Distribution of deposits and withdraws:
- In the normalized forms of deposits and withdraws we can see aside from Uniswap having the higher number of transactions, also a bigger portion of its transactions belonging to the less than 5 $ETH segments and with the limited number of transactions on MakerDAO a noticeable number of transactions are in the more than 5 $ETH segments.
- The withdraw situation of the normalized forms are also similar to the deposits, it is worth mentioning that on MakerDAO platform the most number of deposit transactions took place on Feb 15th and the most number of withdraws took place on Feb 11th.
- Feb 15th and 16th are in order the highest activity days of Uniswap based on deposits and withdraws respectively.
User information
- Looking at the information bellow we can see a significant increase in both type of depositors on both platforms. On Feb 15th the highest number of depositors were active on Uniswap and MakerDAO, same goes for Uniswap’s withdrawers on Feb 15th but the highest number of withdrawers of MakerDAO were active on Feb 16th.
- Comparing the daily number of users of each type we can see Uniswap had more depositors on every single day than withdrawers, same can’t be said about MakerDAO as the withdrawers topped the depositors numbers on some days like Feb 26th (its better to take Feb 26th as the final day of the graphs because the information of graphs were updated in the middle of Feb 27th and they are not accurate for the mentioned date).
User distribution based on $ETH:
- The user distribution is pretty similar to the transactions distributions as you can see a larger portion of users on Uniswap (no matter the type) is dedicated to less than 5 $ETH segments.
- As for the depositors we have the highest number of them on Feb 15th on both platforms and 28% of the depositors on MakerDAO moved less than 5 $ETH and more than 70% of the users on Uniswap on the same day deposited less than 5 $ETH.
- The same situation mentioned in the previous lines also can be said about the number of withdrawers comparing the normalized forms side by side.
Conclusion:
We all saw the damages the crypto ecosystem took during the year 2022, and because of that the DeFi protocol and the platforms working under it came up with this new idea, named collaboration, which started after Feb 6th to put the market in a steady recovery. Here in this dashboard we tried to cover the situation of MakerDAO and Uniswap which are two of the lead projects DeFi field.
After the collaboration took place we can see in the volume’s and transaction’s graphs the numbers increased noticeably, in almost every aspect here Uniswap is having a better status than MakerDAO except the net deposit amount shown in the volume of transactions in the second section. The net deposit of MakerDAO is about 500k and Uniswap’s is about 20k, but putting that aside we can see a lot of depositors joined the project after the collaboration in both platforms, specially Uniswap, and this can mean the future of the market might be brighter than what we have experienced in the year 2022.
About me:
- Author: Hojjat
- Discord: hojjat7878#8809
- Twitter: @hojjat8d
- Email: hojjat78delshad@gmail.com
THANK YOU FOR READING!
What is MakerDAO?
MakerDAO is an organization developing technology for borrowing, savings, and a stable cryptocurrency on the Ethereum blockchain. It has created a protocol allowing anyone with ETH and a MetaMask wallet to lend themselves money in the form of a stablecoin called DAI. By locking up some ETH in MakerDAO’s smart contracts, users can create a certain amount of DAI–the more ETH locked up, the more DAI can be created. When users are ready to unlock their ETH, which serves as collateral for their DAI loan, they simply pay back the loan along with any fees.
MakerDAO has created a core layer of the decentralized financial system on Ethereum–what the kids these days are calling “DeFi”.
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What is Uniswap?
Uniswap is the largest decentralized exchange (or DEX) operating on the Ethereum blockchain. It allows users anywhere in the world to trade crypto without an intermediary. UNI, the governance token that allows users to vote on key protocol changes, is the fourth largest cryptocurrency by market cap on Coinbase as of April 2021 — with a total value of more than $18 billion.
Uniswap was one of the first decentralized finance (or DeFi) applications to gain significant traction on Ethereum — launching in November 2018. Since then, numerous other decentralized exchanges have launched (including Curve, SushiSwap, and Balancer), but Uniswap is currently the most popular by a significant margin. As of April 2021, Uniswap had processed over $10 billion in weekly trading volume.
read more :
![db_img](https://uploads.flipsidecrypto.com/product/images/vsc3HqqNwQQQ.png)
DeFi protocols unite to promote permissionless Web3 experiences
The collaboration of over 30 DeFi projects is an effort to counteract the negative sentiments built in 2022 due to numerous CeFi ecosystem crashes.
The damage caused by the fall of major crypto ecosystems last year is on a path of steady recovery as good actors take proactive measures to rebuild trust among investors. Major players from the decentralized finance (DeFi) ecosystem came together to showcase the incentive behind operating trustless, interoperable and permissionless platforms.
For 24 hours, from Feb. 6 to 7, over 30 DeFi protocols joined in an initiative to “permissionlessly” share tweets from other protocols — thus highlighting the permissionless and interoperable nature of Web3. Projects participating in this campaign include Yearn.finance, MakerDAO, SushiSwap and Aave, among others.
DeFi has amassed mainstream acceptance with significant institutions making their entrance into the space, but it still has a shaky reputation due to its many exploits.
Mamun Rashid, the chief marketing officer at MakerDAO, said that to realize the “full potential” of DeFi, there needs to be a collaboration between the ideas and expertise in the space.
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In this dashboard, we have compared MakerDAO and Uniswap projects, which are among the leaders in the field of Defi.
![db_img](https://uploads.flipsidecrypto.com/product/images/CaX146eGiMFV.jpeg)