Uniswap, the decentralized cryptocurrency exchange, has reached a significant milestone: it's the first DEX to handle $3 trillion in total trades since its inception.
Uniswap Handles $3 Trillion In Total Trades, More Than Any Other DEX
According to DeFillama, Uniswap currently sees around $3.3 billion in trades each day, making it the largest DEX with a 23% share of all DEX trading. The next largest DEX is PancakeSwap, which has $2.7 billion in daily trades and a 21% share.
This showcases Uniswap's position as a key player in the decentralized finance (DeFi) domain, where individuals can trade directly with one another using blockchain technology.
Despite Uniswap's strong performance in terms of trading volume, the amount of money locked in its platform, known as total value locked (TVL), is relatively lower at approximately $5 billion. This volume is about half of what it was in 2021, reflecting the overall decline in the decentralized finance (DeFi) space.
DeFillama reports that DeFi's total TVL is $124 billion, while DappRadar indicates a higher figure of $132 billion, with over half of the TVL on the Ethereum blockchain.
The firm's token, UNI, has also faced difficulties, trading at $7.03 with a 3.4% decrease in one day and a 84% decline from its peak of $45 in May 2021.
The accomplishment was announced by Uniswap founder Hayden Adams in his X post on May 12, 2025, which includes a chart from Dune Analytics showcasing the progress.
This achievement highlights Uniswap's role as a leading player in decentralized finance (DeFi), despite challenges such as the decrease in the UNI token price and TVL. As the exchange continues to innovate with new tools like the EIP-7702 upgrade to enhance trading efficiency and security, it aims to remain a central hub for facilitating open and accessible financial services globally.
