Uniswap Surpasses $3 Trillion in Total Trading Volume, Dominates DEX Market

Generated by AI AgentCoin World
Monday, May 12, 2025 8:09 am ET1min read
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Uniswap, a leading decentralized exchange (DEX), has achieved a significant milestone by becoming the first

DEX
to surpass $3 trillion in total trading volume. This accomplishment underscores the growing prominence of decentralized finance (DeFi) and Uniswap's pivotal role within the ecosystem.

Hayden Adams, the founder of Uniswap, marked the occasion with a post on X, sharing a screenshot from a Dune Analytics dashboard that tracked the exchange's approaching total trading volume. As of the latest data, Uniswap's daily trading volume stands at approximately $3.3 billion, according to Dune Analytics, while DeFiLlama reports a slightly lower figure of $3 billion. This volume represents about 23% of the total DEX trading volume, highlighting Uniswap's dominance in the market.

Uniswap maintains its position as the market leader among decentralized exchanges, with a significant lead over its closest competitor, PancakeSwap. PancakeSwap trails with 21% of the market share, recording $2.7 billion in daily trades. Despite this market dominance, Uniswap's total value locked (TVL) is currently around $5 billion, which is roughly half of its peak during the DeFi bubble in late 2021. The overall DeFi TVL has also seen a decline, ranging between $124 billion and $132 billion, with Ethereum remaining the primary network.

Interestingly, the performance of Uniswap's native token, UNI, has not mirrored the platform's impressive metrics. Currently trading at approximately $7.16, UNI is over 84% below its all-time high of $45, which was reached in May 2021. The token experienced a 3.4% decline in value within a single day as of the latest reports.

In a related development, Hayden Adams announced that Uniswap is set to launch its own smart wallet compatible with EIP-7702. This move aims to facilitate seamless one-click swaps for users. The announcement follows Ethereum's recent Pectra upgrade on May 7, which activated EIP-7702. This proposal, introduced by Vitalik Buterin, enables externally owned accounts to function like smart contracts during transactions and includes quantum-resistant components. Trust Wallet already supports these features, and Uniswap's native integration will further enhance user experience.