It also shows promising potential for further growth, according to The Block. With the emergence of new players, the market is becoming more dynamic, driving improvements in user experience and the adoption of innovative solutions.
Uniswap’s market share has decreased from 55% to 37% over the past year, largely due to the rise of new platforms such as Aerodrome on Base and Orca on the Solana blockchain. These projects attract users by offering lower fees, faster transaction speeds, and unique features such as new liquidity models or incentive programs for participants.
Analysts note that Uniswap is facing regulatory pressure from the U.S., which poses additional risks to its growth. Meanwhile, smaller market players are capitalizing on the situation by offering innovative solutions and competitive advantages. This provides users with more choices and contributes to the overall development of the decentralized finance (DeFi) ecosystem. With growing interest in blockchain technology and DeFi, experts predict that the DEX market will continue to expand, attracting both new participants and significant capital.
