Post
Topic
Board Altcoin Discussion
Re: Is UniSwap the most powerful in the Defi market?
by
jrrsparkles
on 02/10/2020, 21:42:25 UTC
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?
AFAIK, Uniswap holds more than 60% of trading volume of all the decentralized exchanges so yeas its kind of powerful at the moment but how long they are going to sustain here?

Transaction fees are not really in the favour of traders so people are not going to trade there much often or constantly.