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RE: Popular DeFi Apps by User Adoption : A Deep Dive into DeFi
Uniswap is no doubt the most popular at the time being, in terms of decentralization also it looks good, but being in the Etherum family the gas cost has gone up, once Uniswap was well recognized as a place where one could trade as little as 0.5 or 1 USD worth crypto, today that is no more the case, reason high gas cost. Justswap looks quite lucrative now with negligible transaction fees.
Yes no doubt it is,but the surging gas fees could dethrone UniSwap for eg. just making a simple Ether to Dai (DAI) exchange on Uniswap requires $55 in gas fees,at this gas price using this protocol is next to impossible whereas Justswap charges only 0.3% of trading fee and that is what makes it lucrative.