Uniswap has achieved a significant milestone by becoming the first decentralized exchange (DEX) to surpass $3 trillion in total trading volume. Founder Hayden Adams announced this achievement on May 12, 2025, thanking users for their contributions and hinting at future expansion goals. He shared an infographic from Dune Analytics showcasing the platform’s impressive growth. However, Uniswap’s total value locked (TVL) has declined to approximately $4.8 billion, reflecting a wider pullback in the decentralized finance (DeFi) market. While its monthly trading volume remains robust at over $150 billion in 2025, this volume has seen a decrease from January to April, down to just over $60 million. Recent upgrades, including the launch of Uniswap v4 and Unichain, have contributed to the platform’s continued growth, offering enhanced trading tools and reduced transaction costs. Following the Ethereum Pectra upgrade on May 7, 2025, Uniswap implemented EIP-7702 support, enabling features like transaction batching, gas sponsorship, and smart recovery without full smart contract account migration.