Uniswap’s Distribution Is Built on Something That Can’t Be Forked: Actual Users

“I think that Uniswap is one of the premier DeFi [decentralized finance] protocols, and its token is as well,” Sam Bankman-Fried, CEO at Alameda Research, told CoinDesk via email. “It has been the largest decentralized trading venue for a long time.”

The praise is noteworthy as Bankman-Fried is credited with saving SushiSwap, Uniswap’s chief competitor.

Last night, the top automated decentralized exchange, Uniswap, dropped a share of its new governance token to everyone that had ever used it, even those whose transactions had failed.

“In a time when people are being greedy and malicious, they did something generous and benevolent, and the fact that it was unexpected was really special,” Meltem Demirors, strategy officer at CoinShares, told CoinDesk via text message.

With Uniswap competitors, like SushiSwap, hoovering up all the attention in crypto for the first part of…