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Uniswap just made DeFi history. It became the first decentralized exchange to hit $3 trillion in lifetime trading volume.
Founder Hayden Adams proudly posted the milestone on X, sharing a Dune Analytics screenshot of the countdown.
Right now, Uniswap is moving $3.3 billion daily. That’s massive. It holds 23% of the DEX market share, according to DeFiLlama.
Its closest competitor, PancakeSwap, has a 21% share with $2.7 billion in volume. Close, but still behind.
Uniswap’s total value locked (TVL) is around $5 billion. That’s just half of what it was back in 2021 when DeFi was booming.
The overall DeFi market is also down. TVL across all platforms is about $124–132 billion. More than half of that lives on Ethereum.
Meanwhile, Uniswap’s token UNI is not feeling the party. It’s down over 84% from its all-time high of $45 in 2021.
Today, UNI trades around $7, having dipped 3.4%. So yeah, not exactly mooning.
But there’s more news. Adams says Uniswap is launching a smart wallet that supports EIP-7702.
This Ethereum update lets your wallet act like a smart contract during transactions.
It also adds protection against future quantum computing threats.
Trust Wallet already adopted it. Uniswap’s upgrade will let users swap in just one click.
Footnotes:
DEX (Decentralized Exchange): A crypto trading platform without a central authority.
TVL (Total Value Locked): The total value of assets locked in a DeFi platform.
EIP-7702: A new Ethereum upgrade that improves wallet functionality and security.
