Uniswap 用户越来越多地发布小额交易

以太坊上领先的去中心化交易所 (DEX) Uniswap 的活动引起了区块链分析平台 Token Terminal 的兴趣。

Some sectors of crypto, including decentralized finance (DeFi), non-fungible token (NFT) trading, and minting, continue to show strong activity. While price heavily influences activity, other changes are determined by time rather than price fluctuations.

加密货币的一些领域，包括去中心化金融（DeFi）、不可替代代币（NFT）交易和铸币，继续表现出强劲的活动。虽然价格在很大程度上影响活动，但其他变化是由时间而不是价格波动决定的。

Token Terminal, a blockchain analytics platform, is keeping a close eye on events at Uniswap, a leading decentralized exchange (DEX) on Ethereum.

区块链分析平台 Token Terminal 正在密切关注以太坊上领先的去中心化交易所 (DEX) Uniswap 的事件。

Uniswap Users Are Posting Smaller Trade Sizes on Average

Uniswap 用户的平均交易规模较小

A trend observed by Token Terminal that is引起关注 is the rapid shrinking trade sizes on Uniswap, even as the Ethereum ecosystem continues to expand and is expected to grow further.

Token Terminal 观察到的一个引起关注的趋势是 Uniswap 的交易规模迅速萎缩，尽管以太坊生态系统仍在不断扩张并预计将进一步增长。

At the start of 2022, the average trade size on the popular DEX stood at around $30,000. However, by the time this article was written, it had decreased to roughly $1,000. This trend, according to commentators, might be a sign of increasing adoption, particularly among retailers.

2022 年初，热门 DEX 的平均交易规模约为 30,000 美元。然而，到撰写本文时，它已降至大约 1,000 美元。评论员认为，这种趋势可能是越来越多采用的迹象，尤其是在零售商中。

Most retailers lack the resources to trade large chunks, as opposed to institutions or crypto hedge funds, that may want to trade huge chestity. Lower trade sizes are more common among them.

大多数零售商缺乏进行大额交易的资源，而机构或加密货币对冲基金可能希望进行大量交易。其中，较小的交易规模更为常见。

This observation makes sense, especially with the explosion of meme coins being deployed on the mainnet or layer-2 platforms like Base.

这一观察是有道理的，尤其是随着 Meme 币在主网或 Base 等第 2 层平台上部署的爆炸式增长。

Uniswap, which was first launched on the Ethereum mainnet, is also available on Base, Arbitrum, and Polygon, enabling the trading of tokens in a low-fee environment.

Uniswap 最初在以太坊主网上推出，现在也可以在 Base、Arbitrum 和 Polygon 上使用，从而可以在低费用环境中进行代币交易。

In these platforms, market participants can trade on smaller sizes since they know the fee impact will be lower than on the mainnet.

在这些平台中，市场参与者可以进行较小规模的交易，因为他们知道费用影响将低于主网上。

Another perspective suggests that the rise of competing DEXs built on alternative blockchains like Solana and BNB Chain might be drawing activity away from Uniswap.

另一种观点认为，基于 Solana 和 BNB Chain 等替代区块链构建的竞争性 DEX 的兴起可能会吸引 Uniswap 的活动。

Solana and other modern blockchains offer faster transaction speeds and lower fees. With Ethereum processing 15 TPS at optimum, the higher scalability and interoperability with the first smart contracts platform can appeal to some traders.

Solana 和其他现代区块链提供更快的交易速度和更低的费用。以太坊的最佳处理速度为 15 TPS，与第一个智能合约平台的更高可扩展性和互操作性可以吸引一些交易者。

DEX Users Rapidly Climbing As Ethereum Finds Regulatory Clarity

随着以太坊监管变得清晰，DEX 用户迅速攀升

The decline in trade size comes surprisingly alongside a surge in overall DEX activity. Another Token Terminal report shows that monthly active traders across leading DEXs, including Uniswap, stand at 11.2 million.

令人惊讶的是，交易规模的下降与整体 DEX 活动的激增同时发生。另一份 Token Terminal 报告显示，包括 Uniswap 在内的领先 DEX 的月活跃交易者数量为 1120 万。

It is roughly 3 million short of the all-time posted in December 2021. This observation suggests that though more traders post smaller sizes, more users are keen on exploring and participating.

这比 2021 年 12 月发布的历史记录大约少了 300 万。这一观察结果表明，尽管更多交易者发布了较小的尺寸，但更多用户热衷于探索和参与。