Uniswap v3, DOGE Supply Concentration, and Crypto Eating Global Money Supply

MAY 06, 2021 • 2 Min Read

Ashwath Balakrishnan + 1 other

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Data Digest

  • Top pairs on Uniswap v3
  • Most liquid tokens on Uniswap v3
  • Top 100 DOGE addresses own 70% of supply
  • Crypto’s share of global money supply

Key Takeaways

  • Uniswap v3 finally launched yesterday and has facilitated $96 million of trades in the first day.
  • The top pairs are no surprise, but v3 introduces low fee and capital efficient stablecoin-to-stablecoin pools that directly competes with Curve.

Key Takeaways

  • The top tokens by liquidity are no surprise either, with ETH, WBTC, UNI, and the top stablecoins leading the way.
  • Uniswap’s liquidity is no longer a direct indicator of trade efficiency and slippage, as noted by founder Hayden Adams.

Key Takeaways

  • As DOGE’s popularity surges, holders should be aware that token supply is incredibly concentrated, with a single address owning nearly 30% of token supply.
  • The top address owns over $20 billion in DOGE and last offloaded tokens on April 12. The entity is likely a miner given daily inflows.

Key Takeaways

  • Crypto’s cumulative market cap now represents over 2% of global M2 money supply — the broadest definition of money supply.
  • BTC alone represents 1% of global money supply, while other cryptocurrencies make up the difference of 1.2%.

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Ashwath Balakrishnan + 1 other