Quote from: Gvent on November 01, 2020, 11:03:10 AM

Quote from: Shallow on October 29, 2020, 06:44:38 AM

Yes it's true Uniswap reached that huge market cap and it is also right to say hype also contributed to that effect, how?, taking into account the exchange has been around for a while now as well as playing a huge role in the crypto space, thus when the token was released hype contributed in pushing it up. But can it continue to maintain that growth or will it drop? It's left for us to find out in the near future.
About its position as a top Decentralized exchange; I would say that, there is every possiblity that it will continue to maintain that position for a while this is because, in crypto exchanges, traders values liquidity a lot and since Uniswap has that, it will most likely continue beating others, until a new or old Dex comes up with another unique feature.

Uniswap gained such popularity due to the fact that its developers managed to create an exchange that has long been in demand by the market
On this exchange
ordinary people can earn both by trading and by placing their assets in liquidity pools
I think that this is the secret of success.

One part of their popularity is their generosity for airdrops. It seems we'll witness the second one in the coming days as holders of governance tokens voted in favor for it. As at 31 October "25,942,970 tokens have been staked in favor of the airdrop, while 1,269,062 have been staked against it".. Will UNI drop after this remains questionable. The first airdrop against all expectations stimulated its growth.