The price of the digital currency “UNI” reached an all-time high at $15.50 hours ago, according toKoenigku“.

The rise in the price of the digital currency “UNI” made it advance in the ranking and reach the 13th place in terms of the overall market value ranking.

UNI has now made a whopping 60% over the past seven days and nearly 300% since the same time last month when it was only $3.60.

Its competitor, SushiSwap, pulled back a bit as its coin fell to $7.52.

Both decentralized platforms (Uniswap and SushiSwap) do very well in terms of securing liquidity and trading volumes, which opens up the possibility for them to compete with centralized platforms.

Read:Poloniex cancels listing of 23 trading pairs due to “poor liquidity”

Uniswap takes the lead on decentralized trading platforms:

The rivalry between these two giants (Uniswap and SushiSwap) has heated up in recent weeks and it’s not surprising given their shared history.

Where one was produced from the other.

Digging into metrics and data, he finds a site.”unbanked“The competition between these platforms is rising, but Uniswap has outperformed in terms of trading volume.

Over the past three weeks, Uniswap has averaged more than $6 billion in weekly trading volume, while SushiSwap has processed nearly $2.8 billion.

While the total value locked across both decentralized platforms is higher than what the entire DeFi ecosystem was in mid-August 2020.

In terms of daily revenue, Uniswap offers an average fee of over $2.3 million to liquidity providers per day in January 2021.

The intensification of competition between decentralized trading platforms:

SushiSwap won two rounds in terms of price-to-sales ratio, which compares cryptocurrency market cap to revenue.

The “SushiSwap” index remained flat in the aforementioned index (the market capitalization of the cryptocurrency compared to revenue) at around or equal to 5 while “Uniswap” recently touched 15.

Read:Despite the bear market…investments targeting the cryptocurrency industry in 2022 outperform 2021

Things are heating up between Sushiswap and Uniswap

Both have billions in cash

Both facilitate billions in size

This is the DEX title battle

Here’s how they stack up against each other 🧶

– Lucas 🔥_🔥 (@0x_Lucas) January 28, 2021

The aforementioned site indicated the result by saying:

With the above in mind, the market is currently grossly overestimating Uniswap relative to SushiSwap in terms of the cash flows it generates today.

Read:The crypto community outraged after the HPB team pulled out of the project

The ultimate metric has been price performance and both currencies have seen a massive increase recently.

This can be measured in different ways, but “Bankless” is tipping the scales over “SushiSwap” as the coin has seen a larger percentage increase in prices since the beginning of the fourth quarter of 2020.

Overall, Uniswap still has the upper hand, but competitors are catching up.

The launch of “Uniswap v3” is likely to give more impetus to “Uniswap” to maintain its high position as the largest decentralized trading platform in the world.

Read also:

Decentralized trading platform dYdX raises $10 million in latest funding round

Institutional Demand Can’t Keep Bitcoin Above $30,000 According to One Analyst