According to BlockBeats, on September 12, The Block reported that the DEX landscape is undergoing diversified changes, and Uniswap’s market share has dropped from more than 50% in October 2023 to the current 36%.
As Uniswap’s share continues to shrink, Base Layer 2 is growing rapidly, with Aerodrome occupying 7% of the market share and Orca’s market share increasing from 9% at the beginning of the year to 12% last month.
Analysts say smaller DEXs gradually eating into Uniswap’s market share indicates a sustainable change as users seek out and move to more competitive DEXs that have long-term advantages rather than short-term incentives.
