Uniswap Becomes First Decentralized Exchange to Surpass $3 Trillion in Trading Volume

In a historical moment for decentralized finance, Uniswap is now the first Decentralized Exchange (DEX) to cross $3 trillion in all-time trading volume. The news came directly from Hayden Adams, Uniswap founder, as he posted the Dune Analytics screenshot on X to confirm this immense achievement.

The current daily trading volume sits at $3.3 billion. These numbers have been shared by Dune, which solidifies the DEX’s dominance in the DeFi landscape. DeFiLlama, a DeFi analytics platform, also reported a daily volume of $3 billion for Uniswap, giving it a 23% market share, just ahead of PancakeSwap, which holds a 21% share with $2.7 billion in daily volume.

Uniswap Spreading Its Wings

According to momentum, Hayden Adams has revealed that the DEX will launch a smart wallet soon. It will be compatible with Ethereum’s newly implemented EIP-7702. This upgrade was debuted with the Ethereum Pectra upgrade on May 7. The new upgrade enhances account security against quantum threats and allows externally owned accounts (EOAs) to function as smart contracts temporarily.

With the wallet launched, Uniswap aims to simplify its user experience. It will also allow one-click swaps and make DEX processes much easier and smoother for the users. By using the EIP-7702 standard, the Uniswap wallet will also support other wallets. This will indicate an increasing trend toward better and more secure DeFi infrastructure once Uniswap implements it. Trust Wallet has already embraced the update. With this historic accomplishment and proactive efforts, Uniswap remains at the forefront of influencing the direction of decentralized finance.