#uniswap #DEX #UNIUSDT #PancakeSwap
Uniswap, the largest decentralized exchange (DEX), just made history by becoming the first-ever DEX to hit a massive $3 TRILLION in total trading volume! Founder Hayden Adams proudly shared the milestone on X (formerly Twitter) with proof from Dune Analytics 📊. Right now, Uniswap processes around $3.3 billion in daily volume, dominating the market with a 23% share, while its closest competitor, PancakeSwap $CAKE , holds 21% with $2.7 billion in volume. 🥞⚔️
Despite its massive trading numbers, Uniswap’s total value locked (TVL) is still way below its 2021 peak, sitting at just under $5 billion—around half of what it once was during the DeFi boom 🚀. Overall, DeFi is still recovering, with TVL figures ranging from $124 billion (DeFiLlama) to $132 billion (DappRadar), most of it hosted on Ethereum. 🌐🧠
The Uniswap token ($UNI ), however, hasn't kept up with the platform’s success. UNI is currently priced at around $7.12, which is still down 84% from its all-time high of $45 in May 2021 😬📉. On the day of reporting, UNI dropped another 3.4%, showing that trading volume success doesn’t always mean token growth.
But there’s innovation on the horizon! Uniswap just announced its own smart wallet based on the new Ethereum EIP-7702 standard, designed by none other than Vitalik Buterin himself. This upgrade—part of Ethereum’s Pectra hard fork—will enable one-click swaps and make wallets more secure against future threats like quantum computing 💻⚛️. Trust Wallet has already upgraded, and Uniswap is ready to lead the next wave of DeFi wallet innovation! 🔐🚀