GuShiio.com GuShiio.com learned that according to DeFi researcher Ignas, Uniswap TVL has slipped to tenth place in TVL and may fall out of the top ten. Judging from the top 9 dApps in TVL, from Lido Staking, EigenLayer/Babylon Retaking to Pendle, Maker and Aave, their common denominator is related to revenue and capital efficiency. The reason for the decline in Uniswap rankings is that LPs actually lose money due to erratic losses, while WBTC/ETH Pool generates an APY of 3.7% from transaction fees alone (not taking into account erratic losses). As the transaction moved to Solana, this did not help Uniswap, and the revenue decreased further, causing the LP to be withdrawn and transferred, which would further depress the revenue if the fee switch was turned on. Ignas believes that current Uniswap solutions may rely on Hook developers who bring greater capital efficiency and external ecosystems to Uniswap v4, as well as considering using their brand to try to launch on Solana.
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