Uniswap’s market share in DEX has dropped from 50% in October last year to 36%

According to TechFlow, on September 12, The Block reported that the decentralized exchange (DEX) landscape is undergoing a diversified transformation, and Uniswap's market share has dropped from more than 50% in October 2023 to the current 36%. At the same time, emerging exchanges are rising rapidly, such as Aerodrome based on Base Layer 2, which has occupied 7% of the market share, and Orca's market share has increased from 9% at the beginning of 2024 to 12% in August.

Analysts point out that smaller DEXs are gradually eroding Uniswap's market share, indicating that users are turning to more competitive exchanges with long-term advantages rather than short-term incentive-driven platforms. This change in market share may indicate increased competition and innovation in the decentralized trading space.