Uniswap [UNI] surpasses SUSHI and CRV on this front

ambcrypto.com:

Uniswap [UNI], the largest decentralized exchange (DEX) by trading volume, made promising gains since the start of 2023. In fact, the native token recorded a growth of 44% on a year-to-date (YTD) basis until mid-February, after which market uncertainties got the better of the coin.

Against this backdrop, a blockchain analytics firm, Messari, stated that Uniswap had the highest ‘network penetration’ among major DEXes on Ethereum [ETH].

Network penetration, which measures the number of users that interacted with a protocol out of its total user count, was 46% for Uniswap at the time of writing, well over other DEXes like Sushiswap [SUSHI] and Curve Finance [CRV].

To measure market share and growth potential, we analyze 'network penetration', which compares a particular protocols engaged users to a network's total user count.