Disruptive innovation

'In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances.'

WEEKLY FUNDAMENTALS

🦄 Uniswap’s Multichain Expansion Is Ethereum-Aligned

▪️ This week’s newsletter visualizes Uniswap’s growth and expansion from a single-chain to a multichain DEX.

▪️ We go through Uniswap Labs 🦄's key financial and usage metrics, and break down the aggregate…

Monthly active users on Uniswap Labs 🦄 (by chain).

▪️ Base 🛡️ is the fastest growing Uniswap deployment, w/ 1.1m MAUs and ~30% market ​share.

▪️ Ethereum L1 accounts for “only” 23% of all MAUs on Uniswap (compared to 84% of Net deposits).

▪️ 3/9 chains have MAU figures below 50k.

Monthly Trade count on Uniswap (by chain)

▪️ Base 🛡️ accounted for almost 50% of all trades on Uniswap in April.

▪️ Ethereum Mainnet accounted for “only” ~13% of all trades on Uniswap in April.

▪️ 2/9 chains account for ~1% of all trades.

Is the future of prediction markets on Polymarket, powered by Polygon | Aggregated?

WEEKLY FUNDAMENTALS

🦄 Uniswap’s Multichain Expansion Is Ethereum-Aligned

▪️ This week’s newsletter visualizes Uniswap’s growth and expansion from a single-chain to a multichain DEX.

▪️ We go through Uniswap Labs 🦄's key financial and usage metrics, and break down the aggregate…

Over 50% of Uniswap trading volume still comes from Ethereum Mainnet, but that ratio is falling steadily and just made a new low.
Arbitrum & Base are the fastest growing venues, now comprising 25% of total Uniswap volumes.

Is the future of prediction markets on Polymarket, powered by Polygon | Aggregated?

The TON 💎 has seen rapid growth across multiple fundamental metrics over the past six months.

And the market has taken notice.

🔗tokenterminal.com/terminal/proje…

Ethereum Mainnet contracts w/ the most MAUs:

ETH L2s active user growth going vertical.

the 'composition by chain' data reveals interesting patterns 👀✍️

👥🔀 Uniswap Labs 🦄 contracts ranked by MAUs

WHERE DO THE NEXT 1B USERS COME FROM?

We believe that innovative Web2/Fintech companies, like Telegram Messenger and Coinbase 🛡️, have a big role to play in onboarding the masses.

Data: 👥🔀 TON 💎 overtook Base 🛡️ in DAUs.