Uniswap Smashes Records as First DEX to Clear $3 Trillion in Lifetime Volume

Decentralized finance just hit a jaw-dropping milestone—Uniswap’s trading volume blew past $3 trillion lifetime. Eat your heart out, Wall Street.

The protocol now handles more daily volume than some small national stock exchanges. Not bad for software that launched as an experiment in 2018.

While traditional finance still debates whether DeFi is ’real,’ Uniswap’s numbers scream louder than any banker’s skepticism. The kicker? All this without a single investment banker taking a cut.

• Uniswap has become the first DEX to reach $3 trillion in trading volume.
• Despite a drop in total value locked, Uniswap still maintained strong monthly activity, with the platform handling over $150 billion each month and earning $150 million in trading fees.

Uniswap has made history by becoming the first decentralized exchange (DEX) to cross $3 trillion in total trading volume, making it the first decentralized platform to achieve this.

The achievement was first announced by the platform creator, Hayden Adams. He shared the X post on the 12th of May, celebrating the $3 trillion trading mark and sharing a Dune Analytics graphic that tracked the rise. He thanked the platform community and hinted at future plans. 

source: haydenzadams

As of the time of writing, Uniswap processes about $3.3 billion in trades each day, based on data from Dune. DeFiLlama also reports a slightly lower figure of $3 billion, and it also shows that at least 23% of daily DEX activities are done on Uniswap. PancakeSwap directly follows with $2.7 billion and 21%. 

Uniswap’s Dominance in DeFi Space

The total value locked on Uniswap is about $4.8 billion, which is roughly half of its 2021 peak, and this could be due to the fact that the broader DeFi space has also seen a major drop, with total locked value falling from $174 billion to $117 billion.

Despite the drop in locked funds, Uniswap’s monthly trade activity is still very high. So far in 2025, it has handled more than $150 billion every month. In January, the platform made around $150 million from charges, but by April, that amount fell to just over $60 million.

This new milestone shows Uniswap’s dominance in the DeFi space, and it also emphasizes the role the platform plays in driving the growth of decentralized trading.

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