CMO at Circular Protocol | Web3 Marketing Strategist | Elevating Brands with Content and Strategy
Top 10 DEXs by Trading Volume (Q2 2024)! ✅ Uniswap Labs: 48% ✅ PancakeSwap: 12% ✅ Orca: 11% ✅ Curve: 8% ✅ Jupiter: 7% ✅ Raydium Protocol: 5% ✅ Meteora: 5% ✅ DODO: 3% ✅ Thruster: 3% ✅ Thorswap: 3% ➡ In Q2 2024, the top 10 DEXs recorded a combined spot trading volume of $370.7 billion, a 15.7% increase quarter-on-quarter, driven by the surge in meme coins and multiple airdrops. ➡ Uniswap maintained its dominance with a 48% market share despite increased competition from lower-ranked DEXs. P.S. Which DEX do you trust for your trades? ------------------------------------------------------------------------------ This is Adil Ashfaq. I elevate Web3 brands with my content and strategy. I regularly post educational content about Web3. Follow for more! #DEXs #web3 #blockchain #cryptocurrency
Adil - A lot depends on how people define a DEX... The whole EVM Compatible space is a centralized architecture, so regardless what you build upon it, or how you build upon it, you don't end up with anything that qualifies through an acronym that starts with a 'D' Whether it be DEX or DeFi, or DAO or 'D' anything else. So the first thing I would do is scrutinize the list, and omit those that live on EVM world. To have a favourite DEX of a list, they all must be DEXs to begin with 🤣 Not going to comment on any of them specifically... you know... I might get sued... But hey... it's important we recognise that 'centralization' does not only happen through technology, it can also happen though ownership. So anything really decentralized couldn't sue me... It would be as impossible as getting a writ from Satoshi Nakamoto, right? 😀
In terms of capital efficiency, Maverick beats all.
Uniswap always make the waves Adil Ashfaq
Sushi is sleeping
Uniswap always at the forefront
Nobody is touching Uniswap
Good to know!
It's Jupiter for me.
CMO at Circular Protocol | Web3 Marketing Strategist | Elevating Brands with Content and Strategy
3mo🔊 Most Popular Crypto Narratives in Q2 2024! ⤵ https://www.linkedin.com/feed/update/urn:li:activity:7221046343572553728/