Data from market data analysis tool Messari shows that Uniswap is winning the decentralized exchanges (DEXes) battle against PancakeSwap.
Earlier this year, PancakeSwap briefly became the number one DEX by volume. But thanks to Polygon and its lower gas fee structure compared to layer 1 Ethereum, Uniswap has seen off the challenge.
PancakeSwap unable to sustain its rise
The popularity of DEXes has continued to soar going into this year, hitting $405 billion in volume in Q2 2021. A year ago, Q2 2020 DEX volume stood at just $3.4 billion – marking a staggering 11,751% increase in a year.
Much of Q2’s volume this year came in May, the height of the local top in markets. As prices and interest in crypto have wained substantially since then, it would be surprising if this trend continues in Q3.
All the same, a monthly breakdown by DEX volume shows a significant drop in volume for PancakeSwap in June. Uniswap ends Q2 2021 on top with the highest market share.
“While for a brief moment
Źródło: https://cryptoslate.com/data-shows-polygon-matic-has-reversed-pancakeswaps-cake-rise/
