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"No one goes there anymore, it's too popular!" Yesterday over $2.1B in volume cleared on Uniswap [0]. It's certainly useable by someone. If you want cheaper fe

"No one goes there anymore, it's too popular!" Yesterday over $2.1B in volume cleared on Uniswap [0]. It's certainly useable by someone. If you want cheaper fees, try it on Arbitrum or Optimism. [0] - https://info.uniswap.org/#/ https://info.uniswap.org/#/

themihai 4y ago
The "popularity" issue does not help a payments/transaction system. I believe in the long term it will die. A merchant that tried accepting crypto payments and found that in the busiest day its clients couldn't pay due the high transaction fees will abandon the crypto payments entirely and wont come back when they get cheaper. Of course the system may still be used for the types of transactions that cannot be easily replaced by mainstreem methods (crypto scams, fraud payments, pump/dump tokens etc) but I believe in the end it will die because the number of white sheeps will get thinner.
- m00dy 4y ago
  but it is not a payment protocol. It is a trade protocol.
  - themihai 4y ago
    It's based on eth transaction protocol which failed both for payment systems("crypto payments") and trade systems(i.e majority of trade is on cex platforms)