Uniswap surpasses $3 trillion in trading volume

Uniswap has set a new record as the first decentralized exchange to surpass $3 trillion in cumulative trading volume.

In a May 12 post on X, Uniswap’s founder, Hayden Adams, celebrated the milestone, acknowledged user support, and teased plans for the future.

To demonstrate how far Uniswap has come, Hayden included a detailed infographic that he sourced from Dune Analytics.

According to Dune, Uniswap currently facilitates daily trading activity worth $3.3 billion.

While DeFiLlama reports a 24-hour trading volume of $3 billion for Uniswap, it also shows that the platform commands a dominant 23% share of the DEX market.

PancakeSwap ranks as the second-largest DEX, generating $2.7 billion in volume and securing a 21% share of the market.

Uniswap holds a total value locked (TVL) of just under $5 billion—about half of what it achieved in 2021—even though its trading volume remains impressive.

This drop illustrates how the broader decentralized finance ecosystem has pulled back.

According to DeFiLlama, the total value locked in DeFi now sits around $117 billion, down from its 2021 peak of $174 billion.

Despite the overall market trends, Uniswap has maintained impressive monthly trading volumes in 2025, surpassing $150 billion every month.

Uniswap earned approximately $150 million in fees in January, but its earnings dropped to just over $60 million by April.

Uniswap’s milestone has attracted attention from the crypto community and key industry voices.

Hunter Horsley, CEO of Bitwise Invest, emphasized in a recent post on X that Uniswap serves as a major pillar in the decentralized finance space.

He also noted that many people underestimate Uniswap’s influence on decentralized finance and congratulated the platform for reaching this impressive milestone.

Uniswap’s founder, Hayden Adams, recently introduced a feature that could significantly transform how users interact with the platform.

Uniswap is upgrading the crypto trading experience with the launch of its 7702 wallet and support for EIP 5792, making it easier than ever for users.

Thanks to this upgrade, users can now swap tokens in a single click, eliminating several steps from the process.

The Pectra upgrade, which went live on May 7, included EIP-7702—a proposal that Vitalik Buterin and core Ethereum developers championed.

This upgrade allows Externally Owned Accounts to temporarily function like smart contracts during transactions.

Trust Wallet now offers users smart account support, and Uniswap is preparing to adopt the feature next.