Uniswap leads DEXs with $4B+ weekly volume (30% market share), driven by AMM innovation (concentrated liquidity) and cross-chain support (Arbitrum, Optimism). User growth: 2M+ monthly active traders (2024). Competitors (Curve, Balancer) focus on niches (stableswap, multi-asset pools), but Uniswap’s versatility (NFT trading, governance) keeps it ahead. For investors, UNI’s value hinges on ​​TVL growth​​ (up 50% YoY) and ​​protocol fees​​ (5% of trading volume). Hold UNI for DEX dominance exposure.