Uniswap, the leading decentralized exchange (DEX) on the #etherreum network, continues to grow, increasing its transaction volumes significantly over the years.
Uniswap Surpasses $2 Trillion on Ethereum
Since its launch at the end of 2018, Uniswap has processed over $2 trillion in cumulative volume on Ethereum’s mainnet. This steady increase in volume demonstrates the platform’s growth and the team’s commitment to ensuring that the exchange functions as intended.
Unlike centralized exchanges like Binance or Coinbase, Uniswap relies on smart contracts for asset swaps. All transactions are initiated from non-custodial wallets, such as MetaMask, ensuring that users retain full control of their assets, with no transactions occurring without the wallet owner’s approval.

Thanks to this unique trading approach, Uniswap continues to grow rapidly. The latest data from DeFiLlama reveals that the platform manages over $4.9 billion in assets, placing it among the largest #DEFİ protocols on Ethereum.

Growth of Uniswap v3 and Its Features
Uniswap currently operates across three versions, with version 3 (v3) being the largest, managing over $3 billion. Uniswap v3 became known for introducing concentrated liquidity, which significantly improves capital efficiency.
In addition to v3, Uniswap allows users to trade across multiple blockchains, including BNB Chain and Avalanche, though the majority of trades still occur on Ethereum, where the exchange manages over $3.9 billion.
DeFi Dominance and a Potential UNI Surge to $12?
As DeFi gains momentum and more traders opt for decentralized swaps, Uniswap is likely to process even more transactions. The DEX could also dominate trading on Ethereum layer-2 solutions, further increasing its influence. According to DeFiLlama, Uniswap currently holds over $277 million in total value locked (TVL).
Moreover, Uniswap’s substantial contribution to Ethereum’s gas fees suggests that the UNI token could benefit from future sessions. According to daily charts, UNI is showing impressive growth and approaching key resistance levels.

After dropping to $4.7 in early August, the token’s value has nearly doubled and is on the verge of reaching new highs for Q4 2024. A breakout above $8.5 could trigger a wave of demand that may push UNI to $12.
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