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The DEX landscape is undergoing changes, with the market share of the veteran decentralized exchange Uniswap dropping from over 50% in October 2023 to the current 36%. As Uniswap's market share continues to shrink, BaseLayer2 is growing rapidly, Aerodrome holds 7% of the market share, and Orca's market share has increased from 9% at the beginning of the year to 12% last month. Analysts say that smaller DEXs are gradually eroding Uniswap's market share, indicating a sustainable change as users are seeking and turning to more competitive DEXs with long-term advantages rather than short-term incentives. @tudouni @dryhh
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