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Uniswap has officially surpassed $3 trillion in all-time trading volume making it the first decentralized exchange to reach this historic mark. The achievement was highlighted by founder Hayden Adams in a post on X on May 12 along with a live countdown from Dune Analytics showcasing the milestone.
The exchange is currently handling $3.3 billion in daily trading volume according to Dune. Data from DeFiLlama places Uniswap at the top of the decentralized exchange market with a 23% share. PancakeSwap follows closely with $2.7 billion in volume and a 21 market share showing strong competition among leading DEX platforms.
Uniswap’s total value locked sits just under $5 billion which is around half of its 2021 peak. The overall DeFi market also reflects this trend with total value locked hovering at $124 billion per DeFiLlama and $132 billion per DappRadar. Ethereum remains the dominant force in the DeFi ecosystem securing more than half of the market’s total value.
