The world’s leading decentralized exchange Uniswap has just achieved a historic milestone that cements its dominance in the crypto space. The platform has officially surpassed a total trading volume of $3 trillion, becoming the first DEX ever to reach this level.
🔹 $3 Trillion Milestone: Uniswap Leads the DEX Market
Data from Dune Analytics confirmed that this milestone was reached on Monday. Uniswap founder Hayden Adams quickly celebrated the moment by sharing a screenshot of the dashboard tracking the protocol’s progress.
📈 Daily Volume Hits $3.3 Billion
Uniswap currently processes around $3.3 billion in daily volume, securing a 23% market share among DEXs, according to DeFiLlama. In second place is PancakeSwap, with $2.7 billion and a 21% share.
🔐 Total Value Locked (TVL)
Uniswap’s TVL has dropped below $5 billion, about half of its all-time high from 2021. This decline mirrors a broader trend in the DeFi sector, where the overall TVL has halved since late 2021. DeFiLlama reports a current DeFi TVL of $124 billion, while DappRadar cites $132 billion, with more than half locked on Ethereum.
💸 UNI Token: Volatility and Growth
While the platform’s performance soars, its native token UNI remains over 84% below its all-time high of $45 from May 2021. On the day of the announcement, UNI dropped 3.4%, but quickly rebounded:
✅ Up 6% in 24 hours
✅ Up 38.6% over the past week
This surge pushed its market cap to $4.42 billion, with a 24-hour trading volume of $485.64 million.
🧠 Uniswap Introduces the Revolutionary Wallet 7702
Uniswap isn’t stopping at numbers — it’s also reshaping the way we use crypto. Founder Hayden Adams announced the upcoming release of a new smart wallet dubbed 7702, which will also support other 7702-compliant wallets through the EIP-7702 standard.
🔹 What’s It About?
EIP-7702 is an Ethereum improvement proposal led by Vitalik Buterin, introduced with the Pectra update on May 7. It allows regular user accounts to temporarily behave like smart contracts during transactions, without creating new wallet addresses.
🔹 User Benefits:
🔹 Pay gas fees using tokens (not just ETH)
🔹 Bundle multiple actions into one transaction (e.g., approve + swap + sign)
🔹 Sponsored transactions — third parties can pay gas for new users
🔹 Automated actions like subscriptions, dollar-cost averaging, and more
🔹 No need to generate a new seed phrase or wallet
Ambire and Trust Wallet were among the first to adopt EIP-7702, with Trust Wallet already allowing users to pay gas fees in stablecoins. Uniswap is preparing to follow with its own smart account-compatible upgrade, aimed at making decentralized trading even more accessible.
🧩 What Does This Mean for the Market?
Uniswap is proving once again that it’s not only the DEX leader but also a technological trailblazer. With:
🔹 a record-breaking trading volume,
🔹 integration of smart account capabilities,
🔹 and a user-friendly next-gen wallet,
the platform is ushering in a new era of decentralized trading. Users will gain more freedom, simplicity, and security — all within the Web3 ecosystem.
#uniswap , #UNI , #CryptoNewss , #crypto , #CryptoMarket
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