While the rise in Bitcoin (BTC), Ethereum (ETH) and altcoins was triggered by the trade agreement between the US and China, record news came from the popular decentralized exchange Uniswap.
Accordingly, Uniswap’s total transaction volume reached $3 trillion.
Uniswap (UNI) founder Hayden Adams said in his X post that Uniswap is the first decentralized exchange to reach $3 trillion in total trading volume.
Uniswap is the first DEX to $3T volume
Bet its the first to 10
Grateful to everyone who swapped along the way as we decentralize the global finance system
pic.twitter.com/945Ab0Jpsl
— Hayden Adams (@haydenzadams)
May 12, 2025
While $3 trillion marks a significant milestone for Uniswap beyond just a number, it also demonstrates the strong trust users have in decentralized platforms.
Additionally, according to Dune Analytics data, Uniswap has a daily volume of $3.3 billion, while DeFillama data shows that Uniswap is the leading DEX with a 23% market share in daily volumes.
The second largest DEX in terms of volume is PancakeSwap with $2.7 billion and 21% DEX market share.
The UNI founder also introduced a new feature to improve user experience, noting that Uniswap’s own 7702 wallet is now available and supports other 7702 wallets.
While Uniswap aims to make crypto trading easier with this move, this upgrade will allow users to swap tokens with a single click. This is a major shift towards making decentralized exchanges accessible to everyone.
The DEX’s native token, Uniswap (UNI), has not reflected the platform’s performance since the milestone, remaining more than 84% off its peak price of $45 in May 2021.
*This is not investment advice.