WETH-USDC Pool On Uniswap-v3
This analysis will delve into the USDC-WETH 500 10 pool on Uniswap V3. I have thoroughly examined Uniswap and evaluated the following parameters:
- The daily transaction volume involving the swapping.
- The daily transaction volume involving the swapping.
- The overall daily swap volume of your selected pool.
- The daily count of transactions utilizing this pool.
What is Liquidity?
A liquidity pool is a collection of tokens locked within a smart contract and utilized for asset trading on decentralized exchanges (DEX) such as Uniswap. Unlike traditional finance, where liquidity is typically organized through a central limit order book, buyers and sellers in a liquidity pool engage in trades based on predetermined prices and demand.
Why I chose The WETH-USDC Pool?
Over the last 30 days, the WETH-USDC 500 10 pool has exhibited the highest volume compared to other pools featuring USDC as one of the token pairs. This pool stands out significantly with a staggering 9.15 billion US dollars in volume. As a result, the WETH-USDC pool has been selected as the focal point of this analysis.
Pool TVL
Total value locked (TVL) is a standard metric used to quantify the liquidity present in a pool. It represents the overall value of assets locked within a specific pool.
In the case of the WETH-USDC pool, the total value locked currently stands at 249 million US dollars. Over the past 30 days, the TVL for this pool has fluctuated within the range of 242 million to 281 million US dollars. The value of WETH within the pool amounts to 144 million US dollars, while the value of USDC is approximately 98 million US dollars.
Before April 17, 2023, USDC held a higher value within this pool. However, after that date, the value of WETH experienced a notable increase, surpassing that of USDC.
All values are denominated in US dollars, and the data provided is based on the last 30 days of activity on Uniswap V3.
The Total Value Locked (TVL) is calculated by determining the average value of each token daily.
The upcoming tab will highlight the Peak Days, which identify periods of significant growth in the number of swaps and volume. This section investigates the reasons behind the surge in swap volume on specific days.