Uniswap becomes first DEX to hit $3T in all-time volume
Summary
Uniswap has achieved $3 trillion in aggregate all-time volume, becoming the first decentralized exchange (DEX) to reach this milestone. The current daily volume is reported at $3.3 billion, with Uniswap holding a 23% market share in daily volumes. PancakeSwap follows as the second-largest DEX with $2.7 billion and a 21% market share. Uniswap's total value locked (TVL) is just under $5 billion, approximately half of its 2021 peak, amid a DeFi TVL of about $124 billion to $132 billion. The native token, UNI, is down over 84% from its peak price of $45 in May 2021, trading at just over $7. Uniswap plans to launch a smart wallet supporting EIP-7702, enhancing Ethereum accounts against quantum threats and enabling one-click swaps for users.
