Swapcircuit (3 of 8)

Out of the ashes of the ICO craze came DeFi. One of the most prominent examples of this is the swap exchange called Uniswap. Uniswap is a decentralized, automated trading platform for Ethereum's tokens (illustrated in "Proliferation," Series 3). Uniswap illustrates the power of Ethereum's so-called "composability," smart contracts interacting with other smart contracts, building upon each other, and creating a meshwork of value exchange that can be used (and automated) by anyone at anytime, anywhere. New interest-bearing tokens, utility tokens, stablecoins and more can be exchanged on this platform. By 2020, it began to attract daily volume in US dollars exceeding some major centralized exchanges.

This original visualizes Uniswap using data from its subgraph (v2) on the incredible The Graph. This original is a "day in the life" of Uniswap -- in fall 2020 just as Uniswap was approaching one billion USD in daily volume, and the original was calculated with tens of thousands of swaps for about 24 hours at that date. This "circuit" of token swaps is represented as an arc diagram, showing the flow of one asset into another (clockwise flow). The Unix timestamp is shown at the top, along with the total volume for the set of swaps represented in the network diagram. The circuit itself can be zoomed in on the PDF, and one can see the specific inflows and outflows of particular coins.

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Ethstory, Original 3 in Series 3: "0x06012 (Complexifying)"

Series 2 symbolized the several ways in which Ethereum rapidly branched into varied agendas and projects. Series 3 highlights the extreme degree to which this complexity unfolded after 2016. Three such themes are shown in this series: the initial coin offering (ICO) peak, decentralized finance (DeFi), and non-fungible tokens (NFTs). This series is the most colorful, indicating this complexification of form and content across the Ethereum platform. Ethereum's massive and highly innovative developer community led to a complex tapestry of projects. All 4 originals are based on actual data or documentation, structured and laid out in a manner that produces visuals that relay these major themes. Each original was generated using thousands of pieces of data drawn from original sources, including Ethereum documentation and on-chain activity.