Uniswap's market share in the DEX currently drops to 36%
According to The Block, the DEX landscape is undergoing diversified changes. Uniswap's market share has dropped from over 50% in October 2023 to the current 36%. As Uniswap's share continues to shrink, Base Layer 2 is growing rapidly, with Aerodrome occupying a 7% 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 are looking for and turning 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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