Is UniSwap the most powerful in the Defi market?

[Teraboy]

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

The power of uniswao has come from a lot of people who have been feeling good with the product that has already created by uniswap. I should remind you about that if uni has already owned a very ver big community and it's the same as the major coins.
A lot of volume from the CEX was getting drowned by uni as it was locking more than 2 billions.
This swap service has a very bright future.

[1714956548]

1714956548

[maydna]

Uniswap really gets attention from many people, but it doesn't mean that the Uniswap is the most powerful in the DeFi market because there is many more DeFi project in that market. It is normal to see the token getting popularity in their beginning, especially if the price can increase high. Still, the matter is how the project can compete with the other project's DeFi project because I am sure that the other DeFi project will try to do the same thing as Uniswap.

We will see it later what will happen with that project, and the market, whether it's the DeFi market, bitcoin market, and altcoin market still trying to lift the price. The important thing here is if you can still take the benefits from the project, you should still use it and leave it if it's not profitable anymore.

[deathcode]

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.

the obstacle for traders at Uniswap is that the fee is too large. requires large capital to be able to trade there. I don't think that's the problem with the ethereum network. However, the fees charged by Uniswap are already high. there may be a reduction in the future when the ethereum network is fully adapted.

[rz20]

Can't say what will happen in the future but as of now, they are completely dominating the DeFi space the volume flowing through them is unreal, and once they launch the v3 of their DEX it would be a game-changer.

[lousie9]

yes, Uniswap platform is very strong, most of the new projects at this time either Defi or other ico projects are starting to register their projects on Uniswap platform. Maybe the developer thinks that DEX is the main tool for the progress of a project at the moment, but there is no denying that despite its very high fees, Uniswap is one of the top DEX platforms in the crypto market today.

[beerlover]

I personally do not like uniswap at all in an individual manner but also I have to accept that right now uniswap is something people are really looking into, I am not sure if it is the biggest one because there are ones which are amazingly big right now so I am not sure if uniswap is the biggest, but I am certain that it is high up there, even if it is not the biggest (which it has a chance to be) it is certainly in top 5 for sure.

It is going to continue to grow as well if it keeps going like this, I am not sure if it will be sustainable growth, I don't know what happens when people can't sell their free bounty and airdrops but if they can that means uniswap could become bigger and at that point it will become no question the biggest defi out there in the world.

[cheezcarls]

I think they would be the "undisputed" protocol in the DeFi market. One of the setbacks that we have experienced on Uniswap these days are higher than average gas fees, and it's only compatible to Ethereum-based tokens. As for the other blockchains like Stellar Lumens, TRON, NEO and so on, they're having different platforms for swapping their own tokens.

It's just easy for us to connect our wallets to Uniswap (Metamask is my main). As long these high gas fees cannot be solved in the long run, more and more users might consider moving to other blockchains where transaction fees are not an issue when swapping from token to token.

[CucakRowo]

Uniswap will be the king for DEX in etherum protocol. But remember, uniswap is just a platform for dex trading. Uniswap does not affect Defi, it is Defi's project that affects the sustainability of Uniswap. If you say hype, you are referring to uniswap token (UNI). Uniswap does not need hype, because uniswap is not a coin. Uniswap is one type of services in etherum protocol. Uniswap is famous coz their services present at the right time and at same time, YFI emergence helped boost uniswap popularity.

[zasad@]

Uniswap is a fundamental project of the DePhi ecosystem.
Such a project cannot be scammed and its tokens can grow in price several times.

There is a good article on project decentralization:
The UNI Token: Is Uniswap Really Decentralized?
https://insights.glassnode.com/uni-token-is-uniswap-really-decentralized/

[jdnthny]

I think that because of the craze and the hype that UniSwap done in the market for the past weeks, I can safely say that it is one of the best and the most powerful DeFi project that this platform and blockchain have.

[WalkerIVIV]

I think that because of the craze and the hype that UniSwap done in the market for the past weeks, I can safely say that it is one of the best and the most powerful DeFi project that this platform and blockchain have.

Have you tried to make an analyzation about the uniswap and its fundamental? if you have tried to do that and you will not say like that.
The hype is still around the uniswap and this will be forever. I think that you should take a look at how active their github.

The development of governance token or what we have called that as UNI token is also growing so fast.
Hype is not the reason but the hype was giving a lot of contribution for uniswap.

[Valzador]

Uniswap does seem to be leading the Defi market. Their daily volume reached US $ 359,629,362 compared to Aave's second exchange's daily volume of US $ 48,657,348, a figure that is quite far away.

[Lerikaweb]

It definitely is now! Uniswap is fast and user-friendly. It is a little like Bancor but fully decentralized. I like the exchange, DeFi projects are very dynamic and markets are alive.

[QueenVera]

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.

Before the launched of their governance tokens they were already the most popular and got to exchange when DeFi trading is mentioned. The adoption by all too centralized exchange of their new token just improve their awareness and the airdrop they did that token the community by storm brought in great publicity especially as their timing was right.

They gave everyone that has used their platform a reason to smile while the market was bearish and causing pain as people portfolio was seen draining. Uniswap is just getting started as there's more development yet to come. It's the most powerful and would be retaining that spot for a very long time.

[bitterguy28]

Uniswap does seem to be leading the Defi market. Their daily volume reached US $ 359,629,362 compared to Aave's second exchange's daily volume of US $ 48,657,348, a figure that is quite far away.

That's the fact. UniSwap still owning the top spot and way far from the next platform beside.

The volume stated itself that more and more people are really using UniSwap and there are more people who

keep patronizing this exchange.

[tvplus006]

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...

For me, it was amazing to see how after Uniswap distributed 15% of the total number of issued tokens among its users, the price of this token remained stable. This may indicate that this token is trusted by users and they expect to get more profit from UNI hold.

[zasad@]

Not every new token has so many positive news:

"@compoundfinance will add $UNI soon.

But here's a twist: users will be able to delegate UNI to Compound to participate in
@UniswapProtocol governance."
https://twitter.com/iamDCinvestor/status/1311659515696250880


"We're happy to announce that
@UniswapProtocol
's $UNI token is now available for 24/7 trading in Bitcoin Suisse Online! 📈📉"
https://twitter.com/BitcoinSuisseAG/status/1311930364177395712

[lixer]

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.

I agree with you and they have the token going along nicely too, the volume for UNI coin was massive in it is initial days of trading at binance and there is no reason one can say the token will not help the overall success of the uniswap as an exchange.

They are the most recognized and well known decentralized exchange right now in the market and how they fairly distributed coins make them even more legitimate and my trust in them has increased way more after that act. They could have adopted any other way and might have ended up messing the distribution but everyone was impressed how they gave their tokens and I was very impressed too because initially it looked bad after what happened with sushi swap.

[sana54210]

Defi world is too big to allow one of them to be too big, they are right now dealing with billions of dollars all together which means it can never be leader ever, there are too many leaders, they are all leaders basically, which is why I believe it is quite important that people realize there are only good ones and bad ones, not best and worst ones.

If you invest into a bad defi you will lose money, if you invest into good defi you will profit, doesn't matter which one specifically, all good ones are good and there is no difference between one good one and the other good one, same applies for bad ones where they have no difference between each other as well. So do not focus on trying to find the best, just try to find one that is good and you will profit a lot from it.

[passwordnow]

Maybe it is. From the airdrop that it took which gave money to many testers and early supporters, this has shown the potential for others.
Probably the most for this time but how long that it will remain, maybe yes it will remain the most or soon it won't be anymore.
Disclaimer, that's IMHO.