Uniswap remains the dominant player in the DEX market, increasing its market share to 37%

BlockBeats, according to The Block's research, Uniswap continues to have an edge in The number of assets it supports, which has helped Uniswap maintain its dominant position in The market, with its market share growing from 31.72% since The v2 launch. 37.20%.

Uniswap, launched in late 2018, is an unmanaged Automated Market -make & NBSP; , AMM). The Uniswap market differs from the centralized restricted order bookkeeping model in that it is structured as a Shared passive liquidity pool: liquidity providers (LPs) deposit equally weighted assets and traders execute orders to these liquidity pools along a determined price curve based on a constant product (x*y=k). In return, liquidity providers receive a 30 basis point fee for each transaction.

Uniswap currently supports more than 2,800 asset markets. That is more than its 10 competitors put together. IDEX and 0X, ranked second and third, offer support for 1,184 and 640 cryptographic assets, respectively.

As The Block writes: "Offering a wealth of products is a particularly compelling advantage in The current market cycle and we are seeing renewed excitement over The long-tail of cryptocurrencies." Since the launch of Uniswap V2 in May, more than 2,256 independent markets have been created on this decentralized trading platform, accounting for 37.20% of the market. The overall DEX market has also seen significant growth since the launch of Uniswap V2: June's DEX volume was up 450 per cent from January, and as of July 1, THE DEX volume had reached 2.10 per cent of the volume on the decentralised platform, compared with just 0.40 per cent at the start of the year.

The original address: https://www.theblockcrypto.com/linked/71304/

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