Time for Uniswap to upgrade? Looking at all sides of the coin amidst rising rivalry
Uniswap’s expiration of its V3 license could help other decentralized exchanges get ahead in the race for dominance in the DeFi space. Protocols will be able to copy Uniswap’s source code with no consequences.
– Uniswap’s V3 license expired and this could inspire other copycats and clones to compete with the DEX.
– Development activity of the protocol continued to decline; however, UNI continues to see improvements.
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.
Copycats at bay
Uniswap capitalized on this interest and captured 67% of the DEX market share. 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.
Read More: https://ambcrypto.com/time-for-uni-to-upgrade-looking-at-all-sides-of-the-coin-amidst-escalating-competition/
Uniswap’s expiration of its V3 license could help other decentralized exchanges get ahead in the race for dominance in the DeFi space. Protocols will be able to copy Uniswap’s source code with no consequences.
– Uniswap’s V3 license expired and this could inspire other copycats and clones to compete with the DEX.
– Development activity of the protocol continued to decline; however, UNI continues to see improvements.
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.
Copycats at bay
Uniswap capitalized on this interest and captured 67% of the DEX market share. 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.
Read More: https://ambcrypto.com/time-for-uni-to-upgrade-looking-at-all-sides-of-the-coin-amidst-escalating-competition/
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