Is UniSwap the most powerful in the Defi market?

[G.Belaci]

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?

[1714962588]

1714962588

[Lorokan]

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?

Instead of saying most powerful, why not just put it as uniswap is a decentralized markets, that brings ease and convenience for everyone that wants to list their tokens on the platform. That aside, uniswap also assures this certain pump in price of token for any projects that list on the platform; irrespective of the price or kind of project.

For every pumps and profits uniswap grants projects and investors; the more influx of project that gets listed on the dex exchange.

[yazher]

So far this is the most effective and trending investing method you can use in the Defi market which the most talk nowadays. so, Yes.

Those who managed to joined the airdrop and invested in their pre-sales have become rich and will gonna hold their coins for long since the tendency of this investment to grow in these coming months are high. the only problem is we don't know when will this trend end.

[wanted sliter]

Undoubtedly, UNISWAP is the largest DEFI in the entire market. The amount locked up in liquidity pools reaches over $ 2 billion. Other DEFI projects have shifted money to UNI because the profitability of UNI exploitation is higher and stable.
Recently the Yearn.finance project has fully mined their tokens, and now the value of YFI tokens is plummeting significantly.

[WalkerIVIV]

It will as the UNISWAP is the most active defi in the market and just take a look at how the community of UNISWAP was also really active to develop more and more unique ideas to be implemented in the future update.
Compound and YFI should be placed below the UNISWAP.

More than 2 billions have already locked in the UNI too. That has proven this defi is the strongest one.

[Furious 7]

So far this is the most effective and trending investing method you can use in the Defi market which the most talk nowadays. so, Yes.

Those who managed to joined the airdrop and invested in their pre-sales have become rich and will gonna hold their coins for long since the tendency of this investment to grow in these coming months are high. the only problem is we don't know when will this trend end.

UNI tokens are able to create a breakthrough in an ongoing trend, I am sure that the many advantages in investing in UNI tokens and in trading with very high liquidity have surpassed other DeFi, which means a lot of trust in UNI tokens including those who get free airdrops.

We have to be ready in any situation because the end of this trend can be a risk that all DeFi tokens can drop drastically if we don't anticipate it.

[articlecity]

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.

[livingfree]

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

It's still on the early days so I believe that it's still on hype. But if its popularity remain within the next several months then it means that it's staying and it's not just all about hype.

It's clicking and the investors like the idea of defi and uniswap.

But it is what I'm thinking that let's wait for a few months and see what happens if those locked funds are released.

[TopTort777]

UniSwap is just first and the biggest DeFi market so far. It is too late to count who is most powerful or less. Just wait for a half more year or a year and see who will still remain in the market and who will disappear.

For example who was the first cryptocurrency exchange? BitcoinMarket.com. That day or year he was the most powerful, and where is he now ?

Some counted Mt.Gox as most powerful exchange - dead now 

[X-ray]

Uniswap is not just a hyped project but it's a real working project that can attract billion money to be locked on it. Is not that enough to prove the capability that has already owned by the uniswap?
This project will still remain at the top place as people are just feeling amazed with what has already done in the last event.
The governance that has already used looks so transparent compared with the same project that was working in the same field.

[semobo]

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?

Just because of the airdrop it created some noise in the market but it looks the hype started to fade away or atleast with the UNI since the value started to dump once after people started to claim their tokens and selling on other centralized exchanges.It has 40% is on the hold for the next 4 years so it couldn't be dumped very huge but still manipulators will take advantage of less distribution of tokens.

[avikz]

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?

It's no wonder that UNISWAP has attracted a lot of eyeballs since it's launched but there's no guarantee that it will continue to hold its top position. It has indeed gathered liquidity worth more than 2 billion USD but everything is so liquid in nature, you can't bet on anything.

The entire Defi market is full with scammers right at the moment and we have already seen a lot of exit scams happening here. But it looks good so far and even I have got my hands dirty with Uniswap. We can just hope for the best!

[bitcoin-shark]

the launch of this uni token was really a good move, a genius and in my opinion this will make uniswap remain at the top of the charts of defi / exchange sites for some time, at least a year I would say...

[ethereumhunter]

Uniswap should compete with YFI or YFII because the price is too far and has a big difference. But I don't know with the future because what happens in the crypto market can not predict, and we can see many things have changed already. If Uniswap can give better than the other DeFi projects, then Uniswap can be the most powerful in the Defi market. I am still waiting to buy some Uni because I think the price can increase as soon as the market rises again.

[Zeehaxan]

Untill now uniswap is obviously the king in the defi market but they will have to keep following the trends and market demands in future to stay updated and keep dominating the market otherwise we have seen some biggest names 2-3 years ago are not even found easily now as this space is fast moving and changing with the trends.

[tyz]

the launch of this uni token was really a good move, a genius and in my opinion this will make uniswap remain at the top of the charts of defi / exchange sites for some time, at least a year I would say...

Uniswap is the best decentralized Ethereum-based exchange in my opinion. However, the dependence on Ethereum is a problem. Swap fees can be extremely high, depending on how busy the Ethereum network is. That is why I believe that Uniswap can only remain competitive in the long term if Ethereum also develops positively. I hope that Uniswap 3.0 will eventually support more platforms and crypto ecosystems. Then Uniswap could become the decentralized Binance.

[Kemarit]

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

It will remain on top position until it crumbles. We all know how the hype market works, and sooner or later it will dry up causing a lot of people to loss their money and that is the cycle. Although we are still in the beginning of the phase, others are going to make a lot of money out of it, no doubt But what happens if the market is saturated? Well we have seen what happen to ICO before, so I won't be surprised if this happen to Uniswap hype and much worst.

So you know that this is cyclical, so it's up to you, whether to ride and exit early.

[poodle63]

Uniswap will probably hold its position as most powerful in defi market for long and it's honestly on par with all those centralized exchanges if you see how they cross $2 billions and also the cause of significant price increase within ethereum blockchain. If only ethereum blockchain could endure the massive traffic flow from uniswap and other defis and dapps maybe Uniswap will get even more recognition in the future. I doubt we gonna see another kind of service taking over uniswap position because tbh there are already some and none of them on par with uniswap.

[Akiko]

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?

It's just a hype , are they going to remain in that price well no one can answer you directly for that but hopefully they can . It's just a good starting point of hype of many defi project it will open a new opportunity for other and scammers will also take this as opportunity to make them more money. You can easily see it when you visit bounty thread   . there are many defi wanna be project created after uniswap have successful start .

[Emitdama]

I don’t look much into these DeFi, but this UniSwap is always capturing my attention almost everywhere I go in the forum and whenever DeFi is being talked about. Before it used to be YFI that so many people were talking about and then UniSwap came out from nowhere like a wave and swept every other from their feet and is now the trend.

So, it might definitely be the biggest and powerful there is right now. And apart from the part you have mentioned, the project has also broken records with its airdrop, they are just on a full rage with this project, and I hope that they keep that same energy as time goes on.