DEX Uniswap Leads DeFi With $3 Trillion Traded

The world’s largest DEX, Uniswap, has made yet another record, having handled $3 trillion in trading volume since inception. The feat was achieved by Hayden Adams, the founder of Uniswap, on an X post on 12 May 2025, accompanied by trading figures from Dune Analytics.

The achievement cements Uniswap’s dominant DeFi position, where users interact with crypto assets directly through smart contracts, with no central intermediaries.

Uniswap Leads Daily DEX Volume

It is now trading some $3.3 billion of daily volume and holds 23% of the DEX market share, according to DeFiLlama. The second-best, PancakeSwap, held close, came with $2.7 billion and a 21% share.

These numbers reaffirm Uniswap’s top spot in DeFi. Traders still prefer this platform because of liquidity, ease of use, and the availability of numerous tokens.

TVL and Token Performance Are Still Major Challenges

Despite all the trading volume, Uniswap’s total value locked (TVL), or how much money users have actually deposited, is hovering around $5 billion. This is less than half of what it was at its peak in 2021, which is entirely in tandem with what has been happening in the wider DeFi world, where total TVL has been shrinking.

Report show that now Defi platforms TVL is at $124 billion. Some platforms show that it slightly higher at $132B.

Meanwhile, Uniswap’s token, UNI, is under pressure. UNI is trading at $7.03 and about 84% below its All-Time High of $45 in May 2021.

Still Pushing Through the Upgrades

With these hurdles before it, the Uniswap team is still pushing the envelope. Their next big development includes EIP-7702, an upgrade to Ethereum that intends to make transactions safer and improve the user experience.

The idea is that with this constant innovation, Uniswap will always be the foremost choice for decentralized trading and world financial freedom.