Uniswap’s market share in DEX has dropped to 36%

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Cointime2024/09/12 02:09

By:Cointime

The DEX landscape is undergoing changes, with the market share of the veteran decentralized exchange Uniswap dropping from over 50% in October 2023 to the current 36%.

As Uniswap's share continues to shrink, Base Layer 2 is rapidly growing, with Aerodrome occupying 7% of the market share and Orca's market share increasing from 9% at the beginning of the year to 12% last month.

Analysts say that smaller DEXs are gradually eating into Uniswap's market share, indicating a sustainable change as users seek out and turn to more competitive DEXs that have 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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Cryptopolitan•2024/11/24 03:44