Bitcoin World reports a surge in activity on Ethereum decentralized exchanges (DEXs), with daily active users jumping 73% this month, signaling a potential return of retail traders. The data points to increased engagement from individual investors, leading analysts to speculate about early market confidence building. While the total trading volume remains relatively flat, this increase suggests that smaller trades might be driving this activity, mirroring a typical pattern before broader market participation grows. Uniswap, a dominant DEX platform on Ethereum, is largely responsible for this surge. Its overwhelming user share of 97% and contribution to over 87% of total trading volume highlight its crucial role in these trends. This dominance begs the question: are retail traders fueling the rise in DEX activity or does it signal something more profound? The article explores potential reasons behind this phenomenon and considers the implications for the future of DeFi on Ethereum.