Uniswap has strengthened its position as the leading decentralized exchange (DEX), processing more than $70 billion in trading volume over the past month.
According to Uniswap, the data from DeFiLlama Research shows that the protocol’s monthly trading activity exceeded the combined volume of the next three largest decentralized exchanges in the ranking.
The figure includes trading activity across multiple versions of Uniswap, including v2, v3, and v4, as well as different blockchains where Uniswap smart contracts are deployed.
However, the volume figure represents trading activity on the protocol and does not reflect revenue generated by Uniswap Labs or the market value of the UNI governance token.
Current DeFiLlama tracking data supports a monthly trading volume above $70 billion when combining Uniswap’s different versions. Since the data is based on a rolling 30-day period, the exact figure changes continuously as older trading activity leaves the calculation and new volume is added.
The latest numbers highlight Uniswap’s continued dominance in decentralized spot trading, as demand for on-chain exchanges remains strong across the DeFi ecosystem.
