Current data shows that Binance has significantly increased its market dominance in the last two years, while the decentralized exchange (DEX) Uniswap has stood out from other exchanges and has achieved great success.
Digital asset data provider Kaiko January 9 In the report published on , the world’s largest cryptocurrency exchanges over the years discussed the change in market shares. According to the data 2020-2022 The central stock market that has grown its market share the most between the years Binance while in decentralized exchanges (DEX) Uniswap came to the fore. Huobi, the largest Asian-based cryptocurrency exchange, has lost its market share in the same period.
According to the report Binance market in the past two years 20% of more domination 37%from 57%and the cryptocurrency exchange market more than half more began to rule. Especially 2022 took place in FTX bankruptcy users after to central stock exchanges the one which… your trust that you will lose allegations of refuting This data was accepted as proof that Binance is a well-established exchange among investors.
In addition, this event the end did not bring even though it’s the only one on the list that has been specifically disclosed DEX the one which… Uniswap‘of 2021has in 3%market share of year 2022 in almost while causing it to increase by 2 times to 5% FTX bankruptcy at some point over users’ preferences. effective that it is pointed.
in the USA Binance in great competition with coinbase only increased its market share in the two-year period. increased by 2%. in 2020 7%market share in 2021 9%There was no change in the market share of Coinbase in 2022, and 9% recorded as.
On the other hand, Huobi will increase its market share in 2020. to 22% while dominating 2021 By the end of the year, it saw a serious loss in its share and regained its dominance. to 16% downloaded it. The year 2022 has been a nightmare year for the stock market. TRON (TRX) founder Justin SunHuobi’s market share, which started to attack after joining the team, but started to gather dark clouds in the last days of 2022, has increased over the year. %12 down 4%which is a DEX in terms of market dominance. Uniswapeven of fell behind.
