The DEX market is experiencing diversification, with Uniswap's once dominant market share facing steady erosion. This shift may signal more competition and innovation in decentralized trading. Data reveals that Uniswap's market share has dropped from over 50% in October 2023 to currently 36%. As Uniswap's share shrinks, Base L2 is rapidly growing, with Aerodrome holding a significant 7% market share, and Orca's market share increasing from 9% at the beginning of the year to 12% last month. Analysis suggests that smaller DEXs are gradually eating into Uniswap's market share, indicating a sustainable change as users seek and transition to more competitive DEXs offering long-term advantages rather than short-term incentives. (The Block)