Uniswap’s U.S. App Store ranking has plummeted, dropping from position 99 to 364 over the past two months. This decline comes after a surge following President Trump’s election in the United States. While the platform saw a temporary boost in January after his inauguration, its ranking has significantly fallen since then, hitting lower levels than 2023. Analysts point to declining trader activity as a key factor contributing to this drop. However, several crypto apps experienced similar post-election surges but have since returned to their pre-election levels. 45% of Uniswap users have dropped off the platform since early 2025 with trading volume also significantly reduced. The SEC recently dropped its investigation into Uniswap after a Wells notice in April 2024, although large transfers of UNI tokens to Binance have raised concerns about potential price pressure. This drop coincides with a general bearish sentiment in the cryptocurrency market as Ethereum’s value against Bitcoin hit a four-year low. The impact of these events has led other apps such as Coinbase and Crypto.com to take the top spots in the U.S. App Store finance category, capitalizing on the growing interest in cryptocurrency trading.