Congratulations to the Uniswap team for reaching this fantastic milestone with Uniswap V4! Its Total Value Locked (TVL) has exceeded $1 billion as of July 27th, 2025. This milestone is particularly notable in light of the protocol’s increasing popularity in the decentralized finance (DeFi) ecosystem. The rapid growth in TVL reflects heightened user adoption and confidence in Uniswap’s game-changing functionality.
Interestingly enough, Uniswap V4’s TVL doubled within its first 21 days, indicative of fast-stacking growth and increased market activity. As of today, Uniswap is the leading DEX and has reached an all-time cumulative trading volume of $110 billion since its inception. The protocol's daily trading volume across all chains reached $640.9 million, further solidifying its position as a leading decentralized exchange.
Layer 2 networks are the unsung hero of Uniswap’s success, making up 67.53% of total transactions. One key takeaway from this data is that users clearly prefer trading solutions that are quicker to execute and more economical. As a result, Uniswap V4’s TVL increased dramatically in only 177 days following its launch. By comparison, it took Uniswap V3 45 days to achieve comparable metrics, underscoring this new version’s meteoric rise.
Uniswap V4 is flourishing so far due to the exciting new concept of “Hooks”. As one of the most impactful innovations of this innovation, it’s permitted users to establish a massive 2,500+ custom liquidity pools. This new feature takes user control to another level, letting users set customizable requirements for how liquidity should be allocated. Through the power of Uniswap’s protocol, participants have been able to customize their trading strategies and maximize their overall returns.
As Uniswap introduces cross-chain bridges, in particular through Bunni’s development, we can see Uniswap’s expansion into multi-chain ecosystems. This integration makes it easier for users to quickly move assets between multiple blockchain networks, increasing liquidity and accessibility.
Even with this mostly positive landscape, Uniswap has seen its 24-hour volume drop by 6.89%, amounting to just $357.13 million. Still, with the protocol’s swap fees averaging $43.1 million per week, this is a revenue-generating machine with staying power.
Two projects, Bunni and EulerSwap, have recently surfaced as significant contributors to Uniswap’s volume—with each individually exceeding $1 billion in trading. Bunni uses yield-boosting tools like auto-compounding and rehypothecation to lure liquidity providers in.
Looking forward, a few conservative estimates project Uniswap’s token heading towards $15 if usage and volume continue on their current path of growth. Continued growth in adoption and trading volume could create additional momentum behind the value of Uniswap’s token.
