Here’s what i observed for some of the metrics after analysis based on the 3 Month data(21 october 2024):

1. Top Trading Pairs

WETH/USDC dominates with over $302M in total volume, followed by USDC/WETH. This emphasizes the liquidity and demand for these top tokens, reinforcing the role of stablecoins and major assets in driving liquidity.

2. Largest Single Trade Event

The largest trade was USDC to USDT for $173K, followed by USDT to USDC. Stablecoin pairs tend to be highly liquid, allowing traders to move large amounts with low slippage, showing stablecoins' importance for liquidity.

3. Top Swap Tokens

USDC leads with over $1.1B in volume, followed by WETH and WMATIC. This highlights the dominance of stablecoins and core assets in driving overall market volume, reflecting the growing reliance on these tokens in swaps.

4. VWAP (Volume Weighted Average Price)

VWAP tracks the average price based on volume over specific days. For example, on 2024-07-18, it was $4622.34. This metric helps assess the market's efficiency, as higher values indicate larger trades at higher prices.

5. Average Slippage

VERSA/USDC experienced the highest slippage at 80%. High slippage can indicate a lack of liquidity in certain token pairs, showing room for improvement in market depth for specific tokens.

6. Slippage Patterns by Time Period

Mid-peak hours had the highest trading volume ($1.26B), suggesting that traders tend to swap during non-peak periods for better liquidity. Off-peak hours still see significant volume, reflecting continuous demand across different times.

7. Platform Market Share

Uniswap V3 dominates with nearly 60% of total volume, followed by QuickSwap V3 with over 31%. This suggests strong platform competition, but Uniswap continues to lead the decentralized exchange space in liquidity provision.

8. Liquidity Utilization by Platform

WooFi had the highest liquidity utilization at 2500.20 on 2024-10-20, followed by Curve. High utilization suggests efficient capital deployment, but lower-ranked platforms like Uniswap V2 are under-utilized.

Each metric underlines the increasing adoption and liquidity of decentralized platforms, reinforcing the narrative that platforms like QuickSwap and Uniswap play a critical role in the Polygon ecosystem's growth.

Dashboard	Creator	Published
Stable Coins On Polygon Sep 16, 2024	datavortex	Sep 16, 2024
QuickSwap-V3 Dex on Polygon PoS (LAST 3 Months) Oct 18, 2024	datavortex	Oct 18, 2024
Jumper Exchange Bridge on Polygon Current Month Nov 19, 2024	datavortex	Nov 19, 2024

datavortex