The Uniswap dashboard fee tracker is created to help traders track key metrics of the liquidity pools in order to help them make trading decisions. The following sections explain the metrics used in each part of the dashboard. Data source is from Flipside Crypto.
Fees earned per fee tier
This metric helps traders track which fee tier has been gaining more activities lately so they can switch to the fee pool that generates the most fees.
Pool return vs. TVL
These two metrics shown below are created to see which factor is causing the pool return to change. Pool return is calculated as total fees / total TVL in the past 7 days. The left hand side y-axis is in %.
Historically there has been a negative correlation between TVL and pool return. The higher the TVL, the lower the pool return. On the other hand, the higher the total fees collected, the higher the pool return. Looking at both the 7 day % change of the total fees and the TVL, traders can know what is causing the return to increase/decrease. If TVL has been increasing and the total fees has been decreasing, no doubt the return will drop, vice versa. But if one of them is not changing much, then it’s easy to know the other one is the cause.
Pool return vs. Efficiency
The efficiency metric is created to see which pool is utilised the most. Pool efficiency is calculated as total trade volume/ total TVL in the past 7 days. The left hand side y-axis is in %.
Theoretically, the higher the efficiency the higher the pool return. When the pool has been utilised more, the more fees will be generated given a certain TVL. Efficiency is another metric to help traders decide which fee tier to invest in.
Overall top 10 pools by total trade volumes
The top 10 pools are ranked by total trade volumes in the past 7 days and 3 days. It is not reasonable to rank by pool return because the top ones would have all been those with very low TVL and extremely high return (i.e. small denominator giving a high return ratio).
There is always a trade-off between TVL and efficiency. High TVL pools are less affected by impermanent loss but might be as efficient as the lower TVL pools. Traders can look at these two metrics to make a decision based on their preferences of the trade-off.
Top 10 pools by fees earned
The top 10 pools for each fee tier is ranked by the total fees earned in the past 7 days. It helps traders to identify the pools with the highest fees to TVL ratio (LHS y-axis) with regard to average TVL (RHS y-axis).
Top 10 pools by LP activity
The top 10 pools LP activity is created to track the number of liquidity added or removed in the past 7 days. It also further breaks down the proportion of the number of liquidity added or removed in the past 24-hour. It is a key metric to show where traders are moving their liquidity to and from.
Top 10 pools by volume and swap
The top 10 pools by volumes and number of swaps show the most popular tokens in the past 7 days in Uniswap.
Top 10 pools by fees earned
This table shows the top 10 pools with the highest fees earned in the past 7 days. The fees collected are the total fees earned in the past 7 days; whereas the TVL is the average TVL over the past 7 days.
Top 10 pools by unique traders
This table shows which pools have the highest number of unique traders. It tracks the most actively traded pools at unique trader level in the past 24 hours.
