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Uniswap V2 And V3 Dominate the DEX Market

Uniswap DEX

Imagine you having the privilege to choose between the latest concept Ferrari or a current 488, which would you choose? You can have both if you insist.

This appears to be how the distinct Uniswap v2 and v3 platforms are positioned to liquidity providers. On one hand, an LP can opt to inject liquidity into the latest v3, but with less users or just go with the beacon of DEX, the v2 platform.

Uniswap v3 liquidity has grown almost 10x since their launch on May 5th to reach almost US$1 billion. The daily volume has grown rapidly as well. In less than 10 days, Uniswap v3 daily trading volume hits an ATH of US$1.53 billion.

Uniswap v2 daily trading volume has also hit an ATH of US$3.1 billion on May 10. On May 13, Uniswap experienced the best combined ATH daily trading volume of about $3.7 billion.

If Binance is the leader of centralised exchanges, Uniswap is definitely the king of DEX.

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