DEX Drama: Bancor vs. Uniswap – Who Will Win the Patent Showdown? 🎭💰

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Well, folks, grab your popcorn! 🍿 Bancor, the genius behind the smart contract-based automated market maker, is throwing a legal tantrum at Uniswap! They’re claiming that Uniswap has been swiping their tech like a kid in a candy store—without asking, of course! And guess what? They’re making a pretty penny off it too! 💸

According to the big reveal on May 20, Bancor cooked up this tech back in 2016 and slapped a patent on it in January 2017. This magic trick is what makes the “constant product automated market maker” work—using math to play with a liquidity pool like it’s a game of Monopoly! 🎲 And voilà, two shiny patents later!

Bancor is pointing fingers, saying Uniswap took their invention and turned it into a protocol that launched in November 2018. Talk about a family feud in the DeFi neighborhood! 🏘️

“When someone keeps using our invention without a ‘please’ or ‘thank you’ and tries to outshine us, we have to put our foot down!” said Mark Richardson, the big cheese at Bancor. 👞

As of now, Uniswap is playing the silent game, not saying a peep about the lawsuit filed in the US District Court for the Southern District of New York. 🤐

“With this lawsuit, Bprotocol Foundation and LocalCoin are looking for a little cash for Uniswap Labs’ unauthorized use of Bancor’s patented tech and Uniswap Foundation’s role in this circus,” they said. 🎪

Uniswap: The Goliath of DEX Metrics! 🏆

Now, let’s talk numbers! Bancor is not exactly winning the popularity contest against Uniswap, according to DefiLlama. Uniswap is strutting its stuff as the second-best decentralized exchange, raking in nearly $3.8 billion in 24-hour trading volume! 💰

Meanwhile, Bancor is sitting pretty at No. 142, with a measly $378,579 in trading volume as of May 20. Ouch! 😬

Uniswap has been the heavyweight champion of decentralized exchanges for years, processing a jaw-dropping $2.8 trillion in trading volume! 🥊

“If companies like Uniswap keep running wild, we’re worried it’ll put a damper on innovation for everyone in the DeFi playground,” said Richardson. Let’s hope they don’t start charging admission! 🎢

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2025-05-20 22:29