No doubt Uniswap has achieved an historic milestone in the cryptocurrency world. Lifetime trading volume surpassing $3 trillion, it is now the first decentralized exchange (DEX) to do so. This milestone further cements Uniswap’s critical role in the history of decentralized finance (deFi). Fittingly, Uniswap founder Hayden Adams had the most bullish news to share on X. He shared this Dune Analytics chart that illustrates the rapid growth of the exchange.
Sustained Trading Activity and Technical Advancements
Additionally, Uniswap’s trip to $3 trillion was powered by a sustained level of high monthly trading activity. Since 2025, the exchange has continued to post strong volumes, regularly topping $150 billion every month. This sustained activity is indicative of the platform’s strong continued popularity and utility among cryptocurrency traders.
The launch of Uniswap v4 in January 2025 introduced advanced trading features and lower gas costs, contributing to the platform's appeal. Additionally, Uniswap added support for EIP-7702 after Ethereum’s Pectra hard fork on May 7. With this upgrade, normal wallets received the ability to natively function as smart contracts in a limited-time method. It allows for transaction batching, gas sponsorship, and improved recovery functionality.
Unichain and Layer 2 Integration
Just last month, Uniswap went live on Unichain, a custom Layer 2 network developed on the OP Stack. Thanks to this strategic integration, the platform continues to strengthen and expand its capabilities even more. Unichain has already driven more than $4 billion of trading volume, showing the significance of Unichain’s contribution to Uniswap’s overall success.
Seeing Uniswap cast its efficiency improvements all over Layer 2 ecosystems. This strategy broadens its impact and increases its power beyond their own jurisdiction in the larger DeFi ecosystem. These technical improvements, taken in tandem, are all part of what makes Uniswap so fast, cheap, and pleasant to use.
Market Reaction and Future Outlook
After the announcement of this important milestone, Uniswap’s native governance token UNI saw a bullish market movement in reaction. Incidentally, UNI is up 1.4% on the day and more than 40% over the past week. In spite of this recent run, UNI is still more than 80% off its all-time high of $44.92, set in May 2021.
Hayden Adams, the creator of Uniswap, took to thanks the Uniswap community. He would like to thank everyone who swapped in the process as Uniswap continues to decentralize the world’s finance system. He quipped that Uniswap would be the first DEX to reach $10 trillion in trading volume.
