User Segmentation and Distribution Across DEXs

Since launching in 2018, Uniswap has expanded its user base by deploying on several other EVM networks, including Arbitrum and Optimism. Uniswap has retained its popularity due to its first-mover advantage, user familiarity, and constant product improvements. However, the increasing competition from other decentralized exchanges (DEXs) on each chain raises the question of whether Uniswap can maintain its dominance.

Continue reading on Messari