Competition in the DEX market intensifies, and Uniswap’s market share drops to 36%

Odaily Odaily News The DEX market is undergoing some diversification, and Uniswap's once dominant market share is facing steady erosion. This change may herald more competition and innovation in decentralized trading. Data shows that Uniswap's market share has dropped from more than 50% in October 2023 to 36% now. As Uniswap's share continues to shrink, Base L2 is growing rapidly, with Aerodrome occupying a considerable 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 eroding Uniswap's market share, which indicates a sustainable change as users are looking for and turning to more competitive DEXs that have long-term advantages rather than short-term incentives. (The Block)