Uniswap, one of the leading decentralized exchanges, has reached a new milestone by becoming the first DEX to achieve a total trading volume of $3 trillion. Founder Hayden Adams announced this achievement in a post on X.
Achieving a New Milestone
Hayden Adams shared this significant milestone on May 12 in a post, expressing gratitude to users for their participation and hinting at bigger goals for the future. He included an infographic from Dune Analytics showcasing the platform's progress.
Current Metrics and Statistics
Despite Uniswap’s high trading volume, the total value locked on the platform is now around $4.8 billion, less than half of its peak in 2021. This decline reflects a significant pullback in the wider decentralized finance (DeFi) market, where the total TVL is now about $117 billion according to DeFiLlama data. In 2025, Uniswap continues to show strong monthly trading volumes exceeding $150 billion, yet the fee revenue has decreased from approximately $150 million in January to just over $60 million in April.
Recent Updates and Improvements
Recent upgrades have contributed to the platform's growth. Uniswap v4, launched in January, introduced new features such as flexible trading tools and lower gas fees. Moreover, the new layer 2 network, Unichain, launched in February on the OP Stack, has already processed over $4 billion in volume, allowing users to trade faster and cheaper than on Ethereum's main network.
Uniswap continues to evolve despite the decline in total value locked. Its ability to adapt to current market conditions and recent updates allow the platform to maintain its standing and attract users.
