[Analysis] Uniswap and Kyber Institutional Report - Delphi Digital

Delphi Digital released their institutional report on the Uniswap exchange on Thursday that analyzes the Kyber Network and Uniswap in tandem. Regarding growth of the networks, Delphi Digital reports that:

Uniswap and Kyber have both experienced significant growth in 2019. Uniswap had ~30,500 ETH locked up in liquidity at the end of May, up from ~3,200 at the end of January. Kyber’s monthly trading volume was up to ~32M in May, with Feb-May volume equal to its 2018 total.

Diving a bit deeper, the report finds that:

Uniswap liquidity providers collect a small fee from trades, that accrues over time. Since inception in November to May, the DAI/ETH pool has accrued over 11% in fees (~20% annualized). This rate has been increasing over time with over 5% earned in the past 8 weeks.