Uniswap's volume distribution is actually insane when you look at the numbers:
8 pools doing over $1B monthly
57 pools over $100M
284 pools over $10M
1039 pools over $1M
2419 pools over $100K
4324 pools over $10K
And this is just the stuff they can track with solid price data. The long tail is way bigger.
What's wild is how deep the liquidity goes — even at the $10K+ level you've got thousands of pairs. That's the real moat. Not just the big boy $ETH/$USDC pool, but all the random shitcoins and new tokens that can instantly get a market.
This is why Uniswap basically IS the onchain exchange rate for most tokens. If you're trying to figure out what some random token is worth, you're probably checking Uniswap whether you realize it or not. It's the default money exchange for crypto.
Also means if you're doing any kind of currency conversion between tokens or trying to move money around DeFi, you're routing through these pools. Uniswap is basically the ATM of Ethereum at this point.
8 pools doing over $1B monthly
57 pools over $100M
284 pools over $10M
1039 pools over $1M
2419 pools over $100K
4324 pools over $10K
And this is just the stuff they can track with solid price data. The long tail is way bigger.
What's wild is how deep the liquidity goes — even at the $10K+ level you've got thousands of pairs. That's the real moat. Not just the big boy $ETH/$USDC pool, but all the random shitcoins and new tokens that can instantly get a market.
This is why Uniswap basically IS the onchain exchange rate for most tokens. If you're trying to figure out what some random token is worth, you're probably checking Uniswap whether you realize it or not. It's the default money exchange for crypto.
Also means if you're doing any kind of currency conversion between tokens or trying to move money around DeFi, you're routing through these pools. Uniswap is basically the ATM of Ethereum at this point.