In a historic milestone for decentralized finance (DeFi), Uniswap has officially become the first decentralized exchange (DEX) to surpass $3 trillion in all-time trading volume, according to data shared by Cointelegraph on May 12, 2025.
Since its launch in 2018, UNI has been at the forefront of the DeFi revolution, enabling permissionless and trustless token swaps directly from crypto wallets without intermediaries. This landmark achievement underscores Uniswap’s dominance in the DEX sector and its growing role as a key infrastructure layer in the broader crypto economy.
Rapid Growth Amid Bullish Market
The chart shared alongside the announcement shows exponential growth since late 2020, with volume rising sharply through 2021 and continuing on a steep upward trend through 2024 and into 2025. The momentum reflects both increased user adoption and greater liquidity across Ethereum-based assets.
Uniswap’s massive growth has been fueled by the rise in DeFi applications, integration with layer-2 scaling solutions, and institutional interest in decentralized markets. It also coincides with the broader crypto market’s recovery and new highs for assets like Bitcoin and Ethereum.
What This Means for DeFi
This milestone not only cements Uniswap’s position as a trailblazer among DEXs but also highlights the maturing state of decentralized financial infrastructure.
As regulatory scrutiny intensifies around centralized exchanges, decentralized platforms are increasingly being viewed as a more transparent and secure alternative.
With billions now being transacted on-chain each month and new DEX features continually being rolled out—such as concentrated liquidity, advanced order routing, and cross-chain swaps—Uniswap’s next trillion may arrive even faster.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/uniswap-becomes-first-dex-to-surpass-3-trillion-in-all-time-volume/