Uniswap's UNI Token Surges 38.6% Weekly, Trading Volume Hits $3 Trillion

Uniswap, the leading decentralized exchange (DEX), has recently demonstrated notable price movements and achieved a significant milestone in trading volume. The UNI token is currently trading at $7.03, marking a 6% increase over the past 24 hours and a substantial 38.6% rise over the past week.

On May 12, 2025, Uniswap founder Hayden Adams announced that the platform had reached $3 trillion in all-time trading volume, a historic achievement for a decentralized exchange. This milestone was documented on a Dune Analytics dashboard, highlighting Uniswap's dominance in the DEX market.

The exchange currently handles approximately $3.3 billion in daily volume, according to Dune. This figure is slightly higher than the $3 billion reported by DeFiLlama over the past 24 hours. Uniswap maintains its position as the leading DEX with a 23% market share, surpassing its closest competitor, PancakeSwap, which holds a 21% market share with $2.7 billion in daily volume.

Uniswap's total value locked (TVL) stands at just under $5 billion, which is about half of its 2021 all-time high. This reflects broader trends in the DeFi market, where TVL has seen fluctuations in recent years.

Technical analysis of the UNI token's price chart reveals a strong bullish trend. The token has been forming higher highs and higher lows, indicative of a healthy uptrend. Large green candlesticks on the chart suggest solid buying pressure and market confidence. However, upon reaching the $7.5 level, some selling pressure emerged, leading to a pullback. Technical analysts suggest that as long as the price maintains above the $6.5-$7.0 range, the uptrend remains intact.

The rally coincided with widening Bollinger Bands, indicating increased volatility. The price reached the upper band at around $7.62, often considered an overbought signal. The Relative Strength Index (RSI) decreased from an overbought reading of 78.58 to 68.67, suggesting that the rally’s momentum may be slowing.

Despite Uniswap’s platform success, the UNI token remains down more than 84% from its peak price of $45 recorded in May 2021. At the time of writing, UNI had lost 3.4% for the day. Adams also revealed plans for Uniswap to roll out its own 7702 wallet while supporting other 7702 wallets, with the goal of enabling one-click swapping for all users. This wallet initiative builds on the recent Ethereum Improvement Proposal (EIP-7702) led by Vitalik Buterin, which went live with the Pectra upgrade on May 7. The proposal enhances Ethereum accounts to better withstand potential threats from quantum computing.

Uniswap’s current market capitalization stands at $4.42 billion, reflecting its position as a major player in the cryptocurrency ecosystem. Trust Wallet has already launched a smart account-compatible upgrade, and Uniswap is expected to follow suit with its own implementation.