@konjilykovay
User growth on Uniswap increasingly skews toward experienced DeFi participants rather than first-time users. While this limits headline growth numbers, it boosts volume quality, as power users and arbitrageurs generate disproportionately large trades. This dynamic strengthens Uniswap’s leadership position, as high-volume users prefer the deepest and most reliable liquidity venues, reinforcing a feedback loop that competitors struggle to break.
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