@tracys
Uniswap has solidified its leadership in the decentralized exchange (DEX) sector, consistently dominating transaction volume and liquidity. As a pioneer of the Automated Market Maker (AMM) model, it allows users to trade tokens without relying on order books. Over the past few years, Uniswap has seen tremendous growth in both trading volume and user adoption, with V3 providing innovations like concentrated liquidity that improve capital efficiency for liquidity providers. The launch of Uniswap V4 further enhances its position with features that attract both institutional and retail traders. Despite competition from DEXs like Sushiswap and Curve, Uniswap’s user base and liquidity pool growth remain unmatched, maintaining its stronghold in the DeFi ecosystem.