✔️ The decentralized exchange (DEX) segment is experiencing diversification amidst healthy competition and shows promise for further development, according to The Block.
Uniswap's market share has decreased from 55% to the current 37% over the past year, largely due to the rise of new players like Aerodrome on Base and Orca on Solana.
According to analysts, while Uniswap faces pressure from U.S. regulators, smaller players are taking advantage of the moment by offering innovations and benefits to users.