Uniswap Hits Historic $3 Trillion Volume Milestone

Uniswap, a decentralized cryptocurrency exchange, has reached a giant milestone: it’s the first DEX to handle $3 trillion in total trades since it started.

Right now, Uniswap sees about $3.3 billion in trades each day, as per DeFillama, making it the top DEX with a 23% share of all DEX trading.

The next biggest DEX, PancakeSwap, has $2.7 billion in daily trades and a 21% share. This shows Uniswap is a leader in the world of decentralized finance (DeFi), where people trade directly with each other using blockchain technology.

Even though Uniswap is doing well with lots of trading, the amount of money locked in its platform, called total value locked (TVL), is about $5 billion. This volume is only half of what it was in 2021, showing that the whole decentralized finance (DeFi) space has less money locked in it now. 

DeFillama says DeFi’s total TVL is $124 billion, while DappRadar says it’s $132 billion, with more than half of that on the Ethereum blockchain. The firm’s token, UNI, is not doing great either; it’s worth $7.03, with a fall of 3.4% in one day and 84% lower than its peak of $45 in May 2021.

The accomplishment was announced by Uniswap’s founder, Hayden Adams, in his X post on May 12, 2025, with a chart from Dune Analytics showing the progress.

This achievement proves that the firm is a top player in decentralized finance (DeFi), even though it has issues like its UNI token losing value and less money locked in the platform (TVL) compared to the past. By adding new tools like the EIP-7702 upgrade, the exchange is working to make trading easier and safer for its users. This will help the exchange to stay important in making global finance more open and free from central control.