Uniswap Hits Historic $3 Trillion Volume Milestone
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Uniswap has become the first decentralized exchange to process $3 trillion in cumulative trading volume since its inception. The platform now handles approximately $3.3 billion in daily trades, commanding a 23% market share among DEXs according to DeFillama data.
PancakeSwap trails as the second-largest DEX with $2.7 billion in daily volume and a 21% share. This dominance underscores Uniswap’s leadership in decentralized finance, where peer-to-peer blockchain transactions eliminate traditional intermediaries.
Despite robust trading activity, Uniswap’s total value locked stands at $5 billion—just half its 2021 peak. The contraction reflects broader capital outflows across DeFi ecosystems as investors reallocate during market downturns.
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