- Uniswap has become the first DEX to reach $3 trillion in trading volume.
- Despite a drop in total value locked, Uniswap still maintained strong monthly activity, with the platform handling over $150 billion each month and earning $150 million in trading fees.
Uniswap has made history by becoming the first decentralized exchange (DEX) to cross $3 trillion in total trading volume, making it the first decentralized platform to achieve this.
The achievement was first announced by the platform creator, Hayden Adams. He shared the X post on the 12th of May, celebrating the $3 trillion trading mark and sharing a Dune Analytics graphic that tracked the rise. He thanked the platform community and hinted at future plans.
source: haydenzadams
As of the time of writing, Uniswap processes about $3.3 billion in trades each day, based on data from Dune. DeFiLlama also reports a slightly lower figure of $3 billion, and it also shows that at least 23% of daily DEX activities are done on Uniswap. PancakeSwap directly follows with $2.7 billion and 21%.
Uniswap’s Dominance in DeFi Space
The total value locked on Uniswap is about $4.8 billion, which is roughly half of its 2021 peak, and this could be due to the fact that the broader DeFi space has also seen a major drop, with total locked value falling from $174 billion to $117 billion.
Despite the drop in locked funds, Uniswap’s monthly trade activity is still very high. So far in 2025, it has handled more than $150 billion every month. In January, the platform made around $150 million from charges, but by April, that amount fell to just over $60 million.
This new milestone shows Uniswap’s dominance in the DeFi space, and it also emphasizes the role the platform plays in driving the growth of decentralized trading.
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