Uniswap Blasts Past $3 Trillion in Trading Volume: The First DEX to Hit the Mark!

Hayden Adams Celebrates on X, Eyes Even Bigger Goals

Hold onto your hats, crypto fans! Uniswap just smashed through the $3 trillion trading volume barrier, making it the first decentralized exchange (DEX) to ever do it. That's right, we're talking about a mind-blowing $3 TRILLION!

Hayden Adams, the mastermind behind Uniswap, dropped this bombshell on May 12 with a post on X. He couldn't contain his excitement, thanking everyone who's been part of this wild ride and teasing that this is just the beginning. To drive the point home, he shared a killer infographic from Dune Analytics that shows just how far they've come.

Uniswap is the first DEX to $3T volume 🦄 Bet its the first to 10 Grateful to everyone who swapped along the way as we decentralize the global finance system 🌐 pic.twitter.com/945Ab0Jpsl

Now, I know what you're thinking: "But what about the total value locked (TVL)?" Yeah, it's true that Uniswap's TVL is sitting at around $4.8 billion right now, which is less than half of its peak back in 2021. But let's not forget that the entire DeFi market has taken a hit, with the total TVL dropping from $174 billion to about $117 billion.

Don't let that get you down, though! Uniswap's monthly trading numbers are still on fire, with over $150 billion in volume every month this year. They raked in a cool $150 million in fees back in January, but things cooled off a bit in April, with fees dropping to just over $60 million.

What's keeping Uniswap's engine running? Upgrades, baby! They dropped Uniswap v4 in January, bringing us slick new features like flexible trading tools and lower gas costs. And in February, they launched Unichain, their new layer 2 network built on the OP Stack. It's already processed over $4 billion in volume and is letting users trade faster and cheaper than ever before on Ethereum's main network.

But wait, there's more! After the Ethereum Pectra upgrade went live on May 7, 2025, Uniswap jumped on board with support for EIP-7702. This bad boy lets Externally Owned Accounts act like smart contracts during transactions, opening up a whole world of possibilities like transaction batching, gas sponsorship, and smart recovery without having to go full smart contract.

And let's not forget about the token itself. UNI is up 1.4% as we speak and has soared over 40% in the past week. Sure, it's still down more than 80% from its all-time high of $44.92 back in May 2021, but hey, we're talking about a token that's part of a platform that just hit $3 trillion in trading volume. That's nothing to sneeze at!