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Decentralized exchange Uniswap supports more assets than its ten closest competitors combined

The Block
·1-min read

While the decentralized exchange landscape continues to heat up competitively, Uniswap has maintained its dominance by the number of assets supported, according to The Block's research findings.

Over 2,800 asset markets are currently supported on Uniswap. That's more than ten of Uniswap's closest competitors combined. IDEX and 0x, which sit in second and third place, offer support for 1184 and 640 assets, respectively.

As The Block's Matteo Leibowitz writes: "Offering a broad range of products is a particularly compelling advantage in the current market cycle, where we are witnessing a resurgence of excitement with respect to the long-tail of cryptocurrencies." Since the launch of Uniswap V2 in May, over 2,256 unique markets have been created on the decentralized exchange.

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Read Leibowitz's full breakdown here.


© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.