Uniswap's dominance in the DEX space is steadily declining, with its market share dropping from over 50% in October 2023 to 36%. This shift signals growing competition, as newer platforms like Aerodrome, boosted by Base Layer 2, capture 7% of the market, and Orca climbs to 12%. The broader DEX ecosystem is thriving, with $140 billion in trading volume last month, indicating a shift towards more sustainable, competitive solutions.  Source: The Block