An govt from digital property funding agency Pantera Capital is predicting that GMX and one different decentralized change (DEX) altcoin will quickly start to outperform and steal worth away from Uniswap (UNI).
Portfolio supervisor Cosmo Jiang says in a thread on the social media platform X that decentralized perpetual buying and selling platforms GMX and dYdX are set to outshine Uniswap by having clearer token worth accrual mechanisms.
Jiang says that Uniswap’s new fee structure might find yourself benefiting Uniswap’s stakeholders greater than its customers. He suggests a token’s worth ought to derive exterior of such charges, and predicts a significant development shift within the DEX ecosystem.
Says Jiang,
“Uniswap Labs is welcome to do what they should do what they select to create worth for his or her stakeholders. This isn’t a judgment on that.
As a fundamentals-focused investor although, I care deeply about if a token accrues worth…
Generally, I’m already bullish these secular developments:
- DEX taking share from CEX
- Perps (perpetual futures) taking share from spot.
The UNI information simply makes me much more bullish on perps tokens that do have elementary worth.”
Uniswap is buying and selling for $4.22 at time of writing, up 3.6% within the final two weeks. In the meantime, GMX is buying and selling for $40.44 at time of writing, up 12.4% within the final two weeks. And dYdX is value $2.47 at time of writing, up 28.2% within the final two weeks.
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