Time for Uniswap to upgrade? Looking at all sides of the coin amidst rising rivalry
Uniswap [UNI] was enjoying the top spot in the DEX sector for quite some time. After the FTX collapse, many users flocked to decentralized exchanges as they began to lose their faith in centralized exchanges. Makatotohanan o hindi, narito ang market cap ng UNI sa mga tuntunin ng BTC Copycats at bay Uniswap capitalized on this interest and captured 67% of the DEX ibahagi ang market. However, this dominance of Uniswap could come under threat as Uniswap lost its v3 license. Initially, before launching V3, Uniswap was operating under a Business Source License (BSL). The agreement involved the implementation of copyright laws, granting Uniswap the ability to limit the unauthorized commercial use of its source code for two years. Pinagmulan: Delphi Digital In contrast, Uniswap‘s V2 was launched under the General Public License (GPL) which allowed anyone to clone Uniswap’s source code. This affected Uniswap greatly as one of DEXs competitors, SushiSwap [SUSHI] took advantage of this and cloned the protocol code to a large extent. SushiSwap took away a large amount of Uniswaps liquidity and attracted new users. This phenomenon is also known as a “vampire attack.” To prevent future vampire attacks, Uniswap started to operate under the BSL. However, the contract was only for two years.