Uniswap reaches $3 trillion in aggregate trading volume with a daily volume of $3 billion

The exchange’s daily volume surpasses the $3 billion mark

Uniswap has become the first DEX with a trading volume of over $3 trillion

12.05.2025 - 11:00

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What’s new? Decentralized crypto exchange (DEX) Uniswap has reached a whopping $3 trillion in aggregate trading volume, becoming the first DEX to break the mark. Uniswap founder Hayden Adams announced the news in his X account on May 12, citing data from blockchain analytics platform Dune.

Source: X.com

What else is known? According to Dune, the current daily trading volume on Uniswap is $3,3 billion. In turn, the DeFiLlama platform shows that Uniswap is the leading DEX with a 23% market share in terms of daily volumes with a figure of $3 billion in the last 24 hours.

The second DEX by trading volume is PancakeSwap with $2,7 billion and a 21% market share.

Uniswap’s current total value locked (TVL) is over $5 billion, half the historical high of 2021. The DeFi sector’s total TVL is also about half of what it was at the bull market peak in late 2021.

According to DeFillama, DeFi’s TVL is $124 billion, while DappRadar reports $132 billion, with more than half of that amount coming from the Ethereum blockchain ecosystem.

The Uniswap (UNI) native token, despite the popularity of the exchange itself, is trading lower by more than 84% from its peak price of $45 reached in May 2021. After falling 3,4% in 24 hours, the asset is at $7, according to aggregator CoinGecko.

Adams also announced on May 12 that Uniswap is “rolling out our own 7702 wallet and supporting other 7702 wallets … with the goal being one-click swapping for all users.”

EIP-7702 is an Ethereum improvement offering that was introduced with the May 7 Pectra upgrade.

It addresses potential threats from quantum computing and allows external accounts to temporarily function as smart contracts during transactions.

Trust Wallet has already launched a smart account-compatible update for its users, and Uniswap is set to follow suit.

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