on July 13th, with the DEX market heating up, the decentralized exchange competition pattern began to highlight. The data shows that the Uniswap trading platform supports the most assets, with more than 2,800 types of assets.
In contrast, the total assets supported by IDEX and 0x, which are ranked second and third, are 1184 and 640, respectively, and the total of the two is less than Uniswap.
On the other hand, Uniswap is also ahead of other decentralized trading platforms in terms of market share. According to recent news from TheBlock, about two months after launching V2, Uniswap continues to dominate the DEX field with a 37.20% market share.
Looking at the development of the DEX market from Uniswap, the data shows that the decentralized trading platform is gradually emerging and entering a new stage of development. Unlike the slow growth in 2019, the total transaction volume of the DEX market reached US$5.1 billion in the first half of this year alone, a five-fold increase year-on-year. Among them, the transaction volume in June alone exceeded US$1.5 billion.
At present, the trading volume of the DEX market has reached 2% of CEX. With the continuous development of DEX, Vance Spencer, co-founder of Framework Ventures, a crypto venture capital firm, predicts that the total trading volume of DEX is expected to reach 10% of the centralized exchange (CEX) within the year.
In addition, Uniswap founder Hayden Adams said that when more fiat currencies are tokenized and there is growing interest in transactions between assets on the chain, then “DEX will overwhelm CEX.”