Liquidity providers deposit funds into Uniswap and receive trading fees from traders (supply-side fees).

Uniswap is a non-custodial exchange protocol built on Ethereum. Uniswap was founded by Hayden Adams and launched in 2018.

UNI tokenholders own and govern the protocol. They do not currently take a cut of the total trading fees paid by traders (revenue). Uniswap's investors include Paradigm, a16z, USV, etc.

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Uniswap

# Uniswap Block time Methodology

## 1. Overview

Block time measures the average time it takes for a new block to be added to the blockchain. It reflects the speed at which the network processes transactions and updates its state. For Uniswap, this metric is calculated for Unichain to evaluate the operational efficiency and transaction latency of the network.

## 2. Data sources

- **Blockchain events**: Block numbers and timestamps extracted from block headers, covering Unichain

## 3. Step-by-step calculation

### Component A: Block timestamp extraction

- **Purpose**: Retrieve block numbers and timestamps for Unichain
- **Logic**: Block numbers and timestamps are extracted from block headers. The genesis block (block number 0) is excluded from the dataset to prevent distortion from the initial Unix epoch timestamp.
- **Key fields**: `block_timestamp`, `block_number`

### Component B: Block interval calculation

- **Purpose**: Determine the duration between consecutive blocks
- **Logic**: The timestamp of each block is compared against the timestamp of the immediately preceding block. The difference between these two timestamps is calculated in milliseconds to establish the individual block time interval.
- **Key fields**: `block_timestamp`, `previous_timestamp`

### Component C: Daily averaging and normalization

- **Purpose**: Aggregate block intervals into a daily average
- **Logic**: Individual block intervals are grouped by day using UTC boundaries. The average block time is calculated for each day by taking the mean of all block intervals recorded within that 24-hour period. Missing days are filled with zeros as part of the finalization process.
- **Key fields**: `timestamp`, `block_time`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

avg(block_timestamp - previous_block_timestamp)

UniswapUNI

Block time

Block time

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Chain breakdown