Uniswap, the pioneering decentralized exchange (DEX), has reached a historic milestone by surpassing $3 trillion in total trading volume. Founder Hayden Adams shared the achievement on May 12 in a post on X, thanking the community for its ongoing support and hinting at even bigger goals in the future.
The announcement included an infographic from Dune Analytics, illustrating the platform’s growth trajectory since its launch.
Uniswapâs Growth Despite Market Pullback
Despite the impressive trading volume, Uniswap’s Total Value Locked (TVL) has seen a significant dip, currently standing at $4.8 billion â less than half of its peak in 2021. This is in line with the broader DeFi market, which has also contracted; the total TVL across decentralized finance platforms is now around $117 billion, down from a high of $174 billion in 2021, according to DeFiLlama.
Nevertheless, Uniswap’s monthly trading volumes remain robust, averaging over $150 billion in 2025. The platform earned approximately $150 million in fees in January, though that figure dipped to just $60 million in April, reflecting market-wide trends.
Strategic Upgrades Fueling Growth
Uniswapâs growth has been bolstered by a series of strategic upgrades:
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Uniswap v4, launched in January 2025, introduced flexible trading tools and lower gas costs, making transactions more efficient.
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The launch of its layer 2 network, Unichain, in February has further accelerated growth. Built on the OP Stack, Unichain has processed over $4 billion in trading volume so far. The layer 2 solution allows users to trade faster and with reduced fees compared to Ethereumâs mainnet.
The platform also embraced new Ethereum capabilities following the Pectra upgrade on May 7, 2025. Uniswap implemented support for EIP-7702, which enables Externally Owned Accounts (EOAs) to temporarily function like smart contracts during transactions. This innovation facilitates:
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Transaction Batching
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Gas Sponsorship
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Smart Recovery
These features are introduced without the need for users to migrate to full smart contract accounts, simplifying the user experience and expanding transaction possibilities.
UNI Token Performance
Uniswap’s governance token, UNI, saw a 1.4% increase as of press time and has surged 40% over the past week. However, it remains down more than 80% from its all-time high of $44.92, recorded in May 2021.
Uniswap’s continued innovation and strategic moves suggest it remains well-positioned as a leader in decentralized trading, even amidst a challenging DeFi landscape.
For real-time updates and deeper analysis of Uniswapâs developments, visit TheCoinInfo.
