Uniswap has reached a new milestone by becoming the first decentralized exchange that gets $ 3 trillion in the total trade volume.
Hayden Adams, the founder of Uniswap, shared the benchmark in post on X on 12 May. He thanked users for their participation and hinted on larger goals in the future. Hayden confirmed an infographic of a dune analysis dashboard which shows how far the platform has come.
Although the trade volume of Uniswap (UNI) is high, the total value of the platform is now around $ 4.8 billion, less than half of the peak of 2021. This decrease is consistent with a significant withdrawal into the larger decentralized financial market. The total TVL from Defi is now around $ 117 billion, compared to a peak of $ 174 billion in 2021, according to Defillama facts.
Nevertheless, the monthly trade numbers from Uniswap remain strong. It has seen more than $ 150 billion volume every month in 2025. It earned around $ 150 million in costs in January, but in April this amount fell to just over $ 60 million.
Recent upgrades have helped grow the platform. UNISWAP V4, launched in January, introduced new functions such as flexible trading aids and lower gas costs. The new Layer 2 network, Unichain, launched in February and built on the on Stack, has already processed more than $ 4 billion in volume. Unichain helps users to act faster and cheaper than on the main network of Ethereum (ETH).
After the Ethereum Pectra upgrade, which went live on 7 May 2025, Uniswap implemented support for EIP-7702. With this Ethereum improvement proposal, accounts can be external ownership to temporarily act as smart contracts during a transaction. This makes functions possible such as transaction batching, gas sponsorship and smart recovery without migrating to full smart contract accounts.
The token of uniswap, uni, has risen 1.4% in the past week and more than 40%. Yet it is more than 80% decrease compared to its highest point of $ 44.92 in May 2021.
