Is UniSwap the most powerful in the Defi market?

[fortebettor]

There was so much already... And suddenly there was silence and leave, bye bye .

[Bajank]

UniSwap has its own power to attract large audiences and has become a very popular exchange

[abel1337]

As we see they dominated the whole Defi market with the trend they have right now, As we see the airdrop promotion they did in the past few weeks caught up too many ears that give them much liquidity than other DeFi tokens. DeFi tokens are hyped and the hype is naturally be extinguished over the time when a new trend comes. But as of now, I think they will maintain their spot in the market.

[bigcash2011]

It’s just 10 days back that DeFi protocol Uniswap launched their Uni token and now Uniswap becomes the first DeFi protocol to cross $2 Billion.

Read more: https://www.worldcoinindex.com/news/defi-protocol-uniswap-crosses-2-billion-in-total-value-locked

Will Uniswap remain it's top position or is this just a hype?

Do you know that trading volume on uniswap platform has also grown over 100% in september which just goes to show that the real investors and traders are being attracted to uniswap now and all its growth in recent times confirms this.

[irixo10]

It’s just 10 days back that DeFi protocol Uniswap launched their Uni token and now Uniswap becomes the first DeFi protocol to cross $2 Billion.

Read more: https://www.worldcoinindex.com/news/defi-protocol-uniswap-crosses-2-billion-in-total-value-locked

Will Uniswap remain it's top position or is this just a hype?

To the best of my knowledge, Uniswap is a decentralized exchange (DEX) and with the rate it is growing, I think I have every reason to believe it is becoming the best Decentralized exchange. Also, to remain at the top comes with many things and one of the most important is consistency, that is, if the team can be consistent and true to their goals and objectives, then Uniswap can be regarded as the best DEX. Currently, I can't think of any Dex that can challenge Uniswap both in terms of liquidity, users and hype; just like it is in the case of Binance wherein people clamour for new projects to list on Binance, same is going for Uniswap wherein people now clamours for new projects to list on Uniswap.
To answer your question, I would say it a combination of both hype, liquidity and seriousness of the team. Binance didn't rose to such height by sitting down, the team did many things and took many steps, so if Uniswap can do that as well, then it can be the best and maybe most powerful DEX.

[Jackl87]

Uniswap was definitely the place to go if you wanted to invest in any of those defi projects that appeared in the last weeks and months.
I mean its obvious you don't need to wait for a CEX to approve your application. You just open up a pool yourself and provide liquidity and thats it.
This also means though that anyone can add his scam coin to uniswap without further checking.

[lumeire]

Uniswap was definitely the place to go if you wanted to invest in any of those defi projects that appeared in the last weeks and months.
I mean its obvious you don't need to wait for a CEX to approve your application. You just open up a pool yourself and provide liquidity and thats it.
This also means though that anyone can add his scam coin to uniswap without further checking.

Uniswap is I think having the most volume of all of the DeFi exchanges, even it could be having the highest volume of all the decentralized exchanges. But I don't think that the Scammers would provide any liquidity to the token that they created as then they would be risking their own money that they are sure is going to loose if they provide liquidity in the exchange. People are also crazy over DeFi right now and I think this is a bubble which is going to bust, I mean there is no way that a coun that was launched a month ago will gain $500 million market valuation without having any advantages over its predecessors, unless we are living in a bubble, just like the housing market of 2008.

[target]

Uniswap has been launched in 2018 and since its hype still didn't end. This had really brought up a significance to DEX that big projects related to Defi also come up. So far its Uniswap that made all the hype in crypto bringing more investors.  If its not for the opportunity Uniswap had given to the traders like yield farming, there might be lesser investors on it.

[jrrsparkles]

It’s just 10 days back that DeFi protocol Uniswap launched their Uni token and now Uniswap becomes the first DeFi protocol to cross $2 Billion.

Read more: https://www.worldcoinindex.com/news/defi-protocol-uniswap-crosses-2-billion-in-total-value-locked

Will Uniswap remain it's top position or is this just a hype?

AFAIK, Uniswap holds more than 60% of trading volume of all the decentralized exchanges so yeas its kind of powerful at the moment but how long they are going to sustain here?

Transaction fees are not really in the favour of traders so people are not going to trade there much often or constantly.

[Becky666]

Well uniswap is the real deal and uni will remain the top defi token in my opinion atleast till we see a bigger and better platform that can outperform the uniswap in this space. At the moment even centralized crypto businesses are under threat due to uniswap.

We have seen this before now and the end results wasn't good rather end in baddest. We shouldn't be in a hurry to draw the conclusion about uniswap going to be the best in the industry. Hope we don't see the opposite of this uniswap defi project like what we saw during the errand of ICO. I couldn't see reasons why someone will tell me about uniswap going to be the best when it fees has been on the rise. Though the project has given much awareness to general public about cryptocurrency and decentralization.

[dhemasm]

Well Uniswap was pioneer of DeFi and basically for now of course it will become a most powerful on the market but over time maybe there will be another Platform that surpass Uniswap, It will just matter of time. About Hype with current Uniswap purpose i don't think so, Well it's just my personal opinion, How about you guys?

[Zemomtum]

It is just a HYPE in my own opinion. UNISWAP itself is not thoroughly decentralized as 70% of its market cap rely heavily on stablecoin which is centralized. The only thing I can notice is that we are making progress gradually to the world of decentralization.

[bttmember]

It’s just 10 days back that DeFi protocol Uniswap launched their Uni token and now Uniswap becomes the first DeFi protocol to cross $2 Billion.

Read more: https://www.worldcoinindex.com/news/defi-protocol-uniswap-crosses-2-billion-in-total-value-locked

Will Uniswap remain it's top position or is this just a hype?

Sooner or later there will be time where the growth of the uniswap will be stabilized or reach a constant zone and decline in growth is also possible especially if they do not come up with the solution of high transaction fee issue.

[erikoy]

Powerful or shall we say influencial? Uniswap is indeed one of the best defi projects and I could say it has influenced a lot of defi projects as well. But there are other Defi projects too that has been influencial like YFI coins but they could not make as influencial like bitcoin. When we will tak about bitcoin market we can say that almost 50% of of total of cryptocurrency market is for bitcoin and the rest are for altcoins. If uniswap could surpass bitcoin then I will agree with the OP that uniswap could be the most powerful or influencial coin of cryptocurrency.

[Willitivity]

Despite the fact that we have new DeFi projects and protocols, Uniswap will always remain on top of the food chain. It's has the first mover advantage which is one unique trait that has kept bitcoin #1 in the market for years now. The concept of having users to provide the liquidity themselves is mind-blowing.

[Viscore]

UNISWAP team did their best just to capture the market demand and finally got the attention of many. I'm not thinking about being powerful because we are not talking about whos powerful and whos not, but we talk about reliable projects and that UNISWAP had done it. With this market competition, with this Defi market, UNISWAP leads them all and what we wanted to see is that they will keep their momentum and not just being in hypes that usually think.

[Twinkledoe]

It is just a HYPE in my own opinion. UNISWAP itself is not thoroughly decentralized as 70% of its market cap rely heavily on stablecoin which is centralized. The only thing I can notice is that we are making progress gradually to the world of decentralization.

I do agree, not powerful but right now they may be popular. But for how long they can hold this position? What will happen when most of these DeFis that are listed on their platform disappeared or gone because let's admit it, most of them are crap and have no real use case. Just pump and dump tokens. So are they going to collapse once those tokens are out of their market? How can they sustain their position in the DeFi market?

[chikator]

It’s just 10 days back that DeFi protocol Uniswap launched their Uni token and now Uniswap becomes the first DeFi protocol to cross $2 Billion.

Read more: https://www.worldcoinindex.com/news/defi-protocol-uniswap-crosses-2-billion-in-total-value-locked

Will Uniswap remain it's top position or is this just a hype?

I say its just a hype. Ive heard of uniswap before but it never really reeled me in because of the higher fees, good on the people who used it still tho, they got their hands on the sweet sweet airdrop.

[NoG-NoG]

It’s just 10 days back that DeFi protocol Uniswap launched their Uni token and now Uniswap becomes the first DeFi protocol to cross $2 Billion.

Read more: https://www.worldcoinindex.com/news/defi-protocol-uniswap-crosses-2-billion-in-total-value-locked

Will Uniswap remain it's top position or is this just a hype?

I think that UniSwap is in its reign and power as of the moment in the DeFi market because knowing how it hype the crypto-community in just a limited period of time and has crossed that huge amount meaning to say that UniSwap is one of the best DeFi protocol that this platform have.

[libert19]

It was already making coinbase equivalent volume even without launch of uni token, any token can be traded there as long as they are unlocked, and tons of ethereum tokens are created daily. I believe it gonna go further even more when ethereum fees lessens a bit with launch of ethereum 2.