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An executive from digital assets investment firm Pantera Capital is predicting that GMX<\/a> and one other decentralized exchange (DEX) altcoin will soon begin to outperform and steal value away from Uniswap (UNI<\/a>).<\/p>\n Portfolio manager Cosmo Jiang says<\/a> in a thread on the social media platform X that decentralized perpetual trading platforms GMX and dYdX are set to outshine Uniswap by having clearer token value accrual mechanisms.<\/p>\n Jiang says that Uniswap\u2019s new fee structure<\/a> may end up benefiting Uniswap\u2019s stakeholders more than its users. He suggests a token\u2019s value should derive outside of such fees, and predicts a major trend shift in the DEX ecosystem.<\/p>\n Says Jiang,<\/p>\n \u201cUniswap Labs is welcome to do what they need to do what they choose to create value for their stakeholders. This isn\u2019t a judgment on that. <\/em><\/p>\n As a fundamentals-focused investor though, I care deeply about if a token accrues value\u2026<\/em><\/p>\n In general, I\u2019m already bullish these secular trends:<\/em><\/p>\n The UNI news just makes me even more bullish on perps tokens that do have fundamental value.\u201d <\/em><\/p>\n Uniswap is trading for $4.22 at time of writing, up 3.6% in the last two weeks. Meanwhile, GMX is trading for $40.44 at time of writing, up 12.4% in the last two weeks. And dYdX is worth $2.47 at time of writing, up 28.2% in the last two weeks.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>\n
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