Decentralized exchange Uniswap supports more assets than its ten closest competitors combined
July 12, 2020, 11:10AM EDT
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.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.
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