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Exploring the first de fi protocol: are you still using it?

DeFi Protocols | Users Uncover Niche Options Amid Favorites

By

Leila Amini

Dec 8, 2025, 01:14 PM

Edited By

Sanjay Das

Updated

Dec 10, 2025, 01:00 AM

Less than a minute read

A group of people discussing their experiences with DeFi protocols in a casual setting, with charts and graphs about finance on a laptop in front of them.

A surge of conversations is reigniting interest in decentralized finance (DeFi) protocols. Discussions reveal users not only reflecting on their early experiences but also exploring niche alternatives, indicating a shift in loyalty within the community.

New Faces in the DeFi Space

While Uniswap continues to garner praise as many veterans recall it fondlyβ€”"Uniswap is the best!"β€”others are branching out. Orca is still favored by some liquidity providers: "I would still use Orca if I was doing LPs."

New mentions include Ocean Protocol and Raydium. A community member confirmed their ongoing use by stating, "and yes, I still use [Raydium] today." Additionally, Klayswap has caught the eye of a few, particularly on the Klaytn blockchain, despite some past challenges with its bridges. One participant commented on their experience during a launch hackathon, hinting at the protocol's potential.

Feedback on Legacy Choices

As conversations evolve, not every user remains loyal to their initial picks. EtherDelta and SushiSwap receive mixed reviews. A user described the experience with EtherDelta as "crazy times" while another admitted, "I’m not using SushiSwap anymore."

In contrast, Aave retains a solid user base. "Just use Aave," a supporter stated, reflecting strong satisfaction.

Market Trends and User Insights

Discussions also hint at broader trends in altcoins, with one member emphasizing the advantage of keeping an eye on volume spikes and low market caps, sharing, "Here's how I found 5 altcoins that did over +300% recently."

Quote: "Many are diving into DeFi, chasing quick profits."

Interestingly, Compound has fallen out of favor, with one user simply stating, "No."

Key Insights from the Community

  • πŸ“ˆ Protocol Popularity: Uniswap remains a top choice.

  • 🌊 Niche Offers: Ocean Protocol and Raydium see increasing interest.

  • πŸ‘Ž Declining Loyalty: EtherDelta and SushiSwap witness a drop in user base.

"This sets a dangerous precedent for newcomers," one participant warned, reflecting the great uncertainty in DeFi.

As users navigate the ever-changing landscape of DeFi, the enthusiasm for exploring new protocols shines through, showing an eagerness to adapt in the fast-paced financial world.