Ethereum

Uniswap

Jupiter

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/jupiter-dex-outperforms-uniswap-in-dex-market-share">Jupiter DEX Outperforms Uniswap in DEX Market Share</a><br></p>
<p style="text-align: justify"> In a surprising shift within the decentralized exchange (DEX) space, Jupiter, a <a href="https://en.bitcoinhaber.net/surge-in-trading-activity-on-jupiter-exchange-driven-by-memecoin-airdrop-mania">Solana</a>-based DEX, has dethroned the Ethereum stalwart Uniswap in daily trading volume. On January 29, Jupiter’s trading volume soared past $500 million, snatching an 18% slice of the day’s total DEX market volume, while Uniswap trailed at $443 million. Despite a brief resurgence on February 3, Uniswap was unable to sustain its lead. </p> 
<h2 id="jupiter-s-token-airdrop-impacts-rankings">Jupiter’s Token Airdrop Impacts Rankings</h2> 
<p style="text-align: justify"> Jupiter’s recent promotional strategy, including a JUP token airdrop, is speculated to have catalyzed Uniswap’s dip in rankings. Although Uniswap managed a momentary comeback, Jupiter regained its leading position swiftly, boasting a $538 million trading volume compared to Uniswap’s $531 million at the time of reporting. </p> 
<h2 id="uniswap-s-performance-and-trends">Uniswap’s Performance and Trends</h2> 
<p style="text-align: justify"> The UNI token, associated with Uniswap, has experienced a 6% price drop over the previous month, trading at $6.15. However, it has shown a minor uptick of 0.37% recently, along with a 2% increase over the past week. Despite an 18% fall in the 24-hour trade volume to just above $56 million, its overall market volume has grown by 0.45%, maintaining a value of over $3.6 billion. </p> 
<p style="text-align: justify"> This decline in Uniswap’s market presence corresponds with a decrease in network activity. Data reveals a notable 23% drop in the number of addresses engaging in UNI transactions in the last 30 days, coupled with a 27% fall in newly created addresses for the token, indicating waning investor demand. </p> 
<p style="text-align: justify"> The provided image showcases the recent fluctuations in UNI’s performance on the market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/jupiter-dex-outperforms-uniswap-in-dex-market-share">Jupiter DEX Outperforms Uniswap in DEX Market Share</a></h5>

Jupiter DEX Outperforms Uniswap in DEX Market Share

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