Uniswap becomes first DEX to hit $3T in all-time volume

Date: 2025-05-12

Decentralized exchange Uniswap has hit a whopping $3 trillion in aggregate all-time volume, the first decentralized exchange to hit the number. Uniswap founder Hayden Adams noted the achievement in an X post on May 12, which included a screenshot of a Dune Analytics dashboard counting down to the milestone. Uniswap also has a current daily volume of $3.3 billion, according to Dune. DeFillama meanwhile shows Uniswap is the leading DEX with a 23% market share in daily volumes, which it reports as slightly lower at $3 billion over the past 24 hours. The second-largest DEX in volume is PancakeSwap, with $2.7 billion and a 21% DEX market share. Uniswap has a current total value locked of just under $5 billion. However, this figure is around half...

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