Uniswap, the leading decentralized exchange (DEX), has achieved a significant milestone, surpassing $3 trillion in aggregate all-time volume. The platform is the first DEX to reach this landmark figure, as noted by Uniswap founder Hayden Adams in a May 12 post on X, accompanied by a Dune Analytics dashboard screenshot.
Despite the remarkable trading volume, Uniswap’s native token, UNI, has not experienced a corresponding surge. At the time of writing, UNI was trading at just over $7, reflecting a 3.4% decline for the day, according to CoinGecko. The token remains more than 84% below its all-time high of $45 recorded in May 2021.
Uniswap currently holds a 23% share in the DEX market, with a daily volume of approximately $3.3 billion, according to Dune Analytics. Meanwhile, DeFillama reports Uniswap’s daily volume slightly lower at $3 billion, positioning it ahead of PancakeSwap, which holds a 21% market share with $2.7 billion in daily volume.
In terms of total value locked (TVL), Uniswap currently sits at just under $5 billion. This figure represents a substantial decline from its 2021 peak, as DeFi’s overall TVL has also halved since late 2021. DeFillama and DappRadar report the DeFi sector’s current TVL at $124 billion and $132 billion, respectively, with more than half of this figure concentrated on Ethereum.
Beyond its trading volume achievements, Uniswap is set to launch its own 7702 wallet, as announced by Adams on May 12. The move aligns with Ethereum’s Pectra upgrade, which implemented EIP-7702 on May 7. This upgrade is designed to fortify Ethereum accounts against potential threats posed by quantum computing while enabling externally owned accounts (EOAs) to temporarily function as smart contracts during transactions.
no more permit2 🤘🤣
— MrHype 🔥 (@mrhype_eth) May 12, 2025
Trust Wallet has already launched a smart account-compatible upgrade, and Uniswap is expected to follow suit, enhancing the platform’s user experience and security capabilities. The integration of the 7702 wallet aims to provide users with one-click swapping functionality, further solidifying Uniswap’s position as a leader in the decentralized finance space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Uniswap (UNI) Surges 35% as Bitcoin Breaks $100K – Will Bulls Push UNI to $8 Next?
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