Uniswap becomes first DEX to hit $3 trillion in total volume

Uniswap has become the first decentralized exchange (DEX) to surpass $3 trillion in total trading volume, marking a symbolic milestone for the DeFi ecosystem. The achievement underscores the growing adoption of decentralized infrastructure, although the current total value locked (TVL) remains below the 2021 peak.

Uniswap currently records a daily volume of approximately $3.3 billion, according to Dune Analytics, ranking it first among DEXs with a 23% market share. PancakeSwap follows with $2.7 billion and a 21% share. These volumes highlight the ongoing interest in peer-to-peer trading without intermediaries.