Uniswap Reaches $3 Trillion in Volume and Reinforces Leadership in the DeFi Market
The decentralized exchange Uniswap has achieved a historic milestone by surpassing $3 trillion in total trading volume since its inception in 2018. This feat consolidates its position as the leading DEX (decentralized exchange) in the market, highlighting the growing institutional adoption of decentralized finance (DeFi).
With a current daily volume of approximately $3 billion and a market share of 23% among DEXs, Uniswap leads the sector, followed by PancakeSwap with a 21% share. Despite the impressive trading volume, the total value locked (TVL) on the platform is around $5 billion, about half of the peak recorded in 2021, reflecting an overall decrease in the TVL of the DeFi ecosystem.
Uniswap's founder, Hayden Adams, celebrated the milestone in a post on social media X, highlighting the significance of the achievement for the sector. Meanwhile, the platform's native token, UNI, is trading at around $6.92, still below its all-time high of $45 reached in 2021.
This milestone underscores the increasing maturity of decentralized finance and the confidence of users in Uniswap as a robust and innovative platform in the crypto universe.