Uniswap's market share in DEX has fallen to 36 per cent
The DEX landscape is undergoing change, with Uniswap, the oldest decentralised exchange, dropping its market share from over 50% in October 2023 to 36% today. As Uniswap's share continues to shrink, Base Layer 2 is growing rapidly, with Aerodrome taking 7 per cent and Orca's market share growing from 9 per cent at the start of the year to 12 per cent last month. Analysts say the gradual erosion of Uniswap's market share by smaller DEXs suggests a sustainable change, as users seek out and move to more competitive DEXs that offer long-term advantages rather than short-term incentives.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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