Uniswap (UNI) Sets New Milestone, Surpasses $3T in Cumulative Trading Volume

Uniswap established a new mark, with more than $3 trillion worth of trading volume on decentralized exchanges, making it the first DEX to pass this threshold.

Uniswap has hit a new trading volume milestone. According to a May 12 tweet by Uniswap founder Hayden Adams, the decentralized exchange has now completed more than $3 trillion in trading. This makes it the first DEX to pass this threshold. To celebrate, Adams shared a Dune Analytics chart highlighting Uniswap’s growth.

According to Dune Analytics, Uniswap has a daily trading volume of $3.3 billion, ranking it at the top of the decentralized exchanges.

According to DeFiLlama, Uniswap dominates the 24-hour trading volume with 23.12%, followed by PancakeSwap (CRYPTO: CAKE) at 20.95% and $2.7 billion in daily volume activity.

Besides its large amount of trading volume, Uniswap has a TVL of over $5 billion. It remains a significant drop from Uniswap’s all-time high TVL, which exceeded $10 billion in 2021. This notable decline reflects the general slowdown of DeFi, backed by DeFillama’s data, which reveals a TVL of $124 billion.

Although Uniswap has impressive volume results, its native token, UNI (CRYPTO: UNI), struggles. As of press time, UNI is trading at $7.08, down by 84% from its historical high of $45. The token’s sluggish performance contrasts with the platform’s ongoing development, indicating broader crypto market changes.

Uniswap EIP-7702 Integration

Apart from its current functionality, Adams has also announced the integration of Ethereum’s EIP-5792. This EIP was enabled during the Pectra upgrade on 7 May and aims to protect Ethereum accounts against quantum computing threats. Even during transactions, it allows the use of an externally owned account as a temporary smart contract.

The integration of EIP-7702 into Uniswap will make one-click swaps smoother for users. Trust Wallet has already implemented these functionalities, and Uniswap’s following suit will increase user usability. Such advancements are viewed as a mechanism to maintain Uniswap’s leading position in decentralized finance.

Uniswap’s dominance in the DEX market is supported by continuous updates and a huge market impact. The platform’s ability to evolve due to market changes keeps it a leader in the sphere of DeFi.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Cryptocurrency reporting is focused on tokens that are "in the green" and that have had significant price change.magnitude in the past 24 hour period. As such, the market breadth is not covered as fully. As of 07:26 EST, Friday, May 12, here is a snapshot of some of the tokens with noteworthy price activity.

Uniswap established a new mark, with more than $3 trillion in trading volume on decentralized exchanges, becoming the first DEX to pass this threshold. The Uniswap founder, Hayden Adams, celebrated this milestone on May 12 with a Dune Analytics chart showcasing the platform's growth.

According to Dune Analytics, Uniswap has a daily trading volume of $3.3 billion, ranking it at the top of the decentralized exchanges. According to DeFiLlama, Uniswap dominates the 24-hour trading volume with 23.12%, followed by PancakeSwap (CRYPTO: CAKE) at 20.95% and $2.7 billion in daily volume activity.

Besides its large amount of trading volume, Uniswap has a TVL of over $5 billion. It remains a significant drop from Uniswap’s all-time high TVL, which exceeded $10 billion in 2021. This notable decline reflects the general slowdown of DeFi, backed by DeFillama’s data, which reveals a TVL of $124 billion.

Related: Uniswap (UNI) Price Prediction 2025-2030: Will UNI Reach $15 This Year?

Although Uniswap has impressive volume results, its native token, UNI (CRYPTO: UNI), struggles. As of press time, UNI is trading at $7.08, down by 84% from its historical high of $45. The token’s sluggish performance contrasts with the platform’s ongoing development, indicating broader crypto market changes.

Uniswap EIP-7702 Integration

Apart from its current functionality, Adams has also announced the integration of Ethereum’s EIP-5792. This EIP was enabled during the Pectra upgrade on 7 May and aims to protect Ethereum accounts against quantum computing threats. Even during transactions, it allows the use of an externally owned account as a temporary smart contract.

The integration of EIP-7702 into Uniswap will make one-click swaps smoother