5️⃣Large scale analysis

In this section, we consider the 1500 most important liquidity pools of Uniswap V2 in order to study the distribution of VeV and VeS. On the first hand, regarding the VeV, we obtain:

Figure 2: Distribution of VeV in Uniswap V2.

The distribution of VeV is concentrated around 100%, which implies that the majority of liquidity pools belong to the MRM category 7:

Figure 3: Distribution of MRM in Uniswap V2.

MRM	1	2	3	4	5	6	7
Number	6	4	1	13	43	245	497

Table 7: Number of liquidity pools per MRM category in Uniswap V2.

In the following, we list the pairs that belong to the MRM categories:

• 1: WISE-WETH, FNK-USDT, USDC-USDT, DAI-USDC, XXi-WETH and XFI-WETH;

• 2: stETH-WETH, MONGOOSE-WETH, FRAX-USDC and DAI-USDT.

On the other hand, regarding the distribution of VeS, we obtain:

Figure 4: Distribution of VeS in Uniswap V2.

Unlike the VeV, the VeS is less concentrated, which implies that the LRM categories are better distributed:

Figure 5: Distribution of LRM in Uniswap V2.

LRM	1	2	3	4	5	6	7
Number	5	10	22	36	83	129	524

Table 8: Number of liquidity pools per LRM category in Uniswap V2.

In the following, we list the pairs that belong to the LRM categories:

• 1: WISE-WETH, WETH-USDT, USDC-WETH, FNK-USDT and DAIUSDC;

• 2: USDC-USDT, DAI-WETH, XXi-WETH, MC-WETH, UNI-WETH, ELON-WETH, WBTC-WETH, BigSB-USDC, PAXG-WETH and WETHSUPER.