The competition is getting fierce especially after the massive success of the uniswap platform, I now see so many new projects that are simply trying to copy uniswap and some projects that are built on the lines of uniswap with some additional features.
The million dollar question is that how all these new platforms will attract liquidity and why would investors and traders leave uniswap for a new risky platform?
I do not think it will be easy to compete and only platforms with high liquidity and farming rewards will be able to survive.