🥛 Is Uniswap the Amazon of crypto? 🤔

Marketplace: network where money/transactions flow between two or more sides with distinct groups of users on each side; successful marketplace where supply and demand are attracted to the same place

Before Uniswap and other DEXes came on the market, the only way to buy a new crypto token was if a Centralized Exchange (CEX) like Coinbase listed it.

If the last generation of software was built upon a foundation of user-generated content, the next generation of software will be user-owned, with digital ownership leveraged as a building block to enable novel user experiences

Coinbase was founded in 2012, and employs 3,730 people as of 2021. In contrast, Uniswap was founded in 2018, and has less t... See more

The next thing Crypto Bezos would notice is that web3 lets companies bootstrap early demand without spending a ton of money on marketing. Incentivized customer / owners will spread the word to other customer owners. Might that let him lower prices, or even pay customers to use the product? If Amazon benefited most from scale, Crypto Bezos’ new thin... See more

Let’s start with some twins: Coinbase and Kraken, if you like, or Uber and Lyft. The buyers and sellers on the exchanges are interchangeable for users, as are the taxi drivers and riders. Supply and demand in both cases is fungible: it doesn’t matter who you’re trading with, just that there is someone to complete the transaction.

While there are certainly a large degree of differences in exchange mechanics and in the underlying technology between Uniswap and exchanges such as Coinbase, the defining difference is in their ownership structures. Coinbase is owned exclusively by its founders, investors and early employees, whereas Uniswap is majority owned by its users.