UniswapX transaction volume has exceeded US$1 billion, approximately 90% of which was facilitated by 3 market makers

Flashbots data analyst danning.eth posted on the X platform that Dune data shows that the transaction volume of UniswapX has exceeded US$1 billion since its launch.

Today, there are more than 15 fillers active and facilitating transactions, and more fillers are being connected - 4 new filler contracts have appeared in the past week; but the cumulative transaction volume facilitated by the top three fillers accounts for 50% of the total transaction volume About 90%.

In the past month, a new filler has jumped to the top spot, facilitating more than 50% of the transaction volume since joining; causing the share of the second-ranked filler to plummet from the initial 90% to about 20%. The third-ranked filler’s transaction volume accounts for approximately 20% of the total transaction volume. The top three fillers are all market makers.

danning.eth believes: On the one hand, the RFQ (inquiry) transaction volume in the DeFi field has always been dominated by 2-3 market makers; however, if 90% of the transaction volume is facilitated by 3 market makers, then (the platform’s Deal) Is the price really competitive? There is no doubt that private liquidity (source) is increasing pricing on the Uniswap platform while enabling more transactions.

According to previous news in July, Uniswap announced the launch of UniswapX, a permissionless, open source, Dutch auction-based protocol for trading across AMMs and other liquidity sources. In the future, UniswapX will gradually realize: obtain better prices by aggregating liquidity sources, Gas-free transactions, MEV-proof, no fees for failed transactions, and Gas-free cross-chain transactions will be implemented in the next few months.