Uniswap has established a commanding lead in the decentralized exchange market, recording $71.1 billion in transaction volume over the past 30 days, according to data tracked by DeFiLlama. The figure surpasses the combined volume of the three next-largest DEXs, with the nearest competitor, PancakeSwap, managing $29.8 billion during the same period.
The platform processed more than $21.3 billion in transactions during the past week alone, averaging approximately $2 billion in daily trading activity.
Protocol Versions Drive Volume
Uniswap's fourth iteration accounts for roughly $38 billion of the monthly volume, while version 3 contributes approximately $32 billion. Version 2 adds an additional $1.2 billion.
Multi-Chain Distribution
Uniswap operates across more than 40 blockchain networks. Ethereum hosts the largest concentration of total value locked, though Base, Arbitrum, BNB Chain, Polygon, and Robinhood Chain all contribute substantially to overall volume. On September 13, Robinhood Chain recorded approximately $1.35 billion in aggregate DEX volume in a 24-hour period, with Uniswap accounting for roughly $262 million of that total.
Revenue and Token Supply
Between January and July 2026, Uniswap accumulated $28.2 million in protocol fees from $297.9 million in total trading fees, according to Token Terminal data. June generated the highest monthly earnings at $5.3 million. Following the expansion of fee structures to version 4 liquidity pools in July, projected daily protocol earnings increased from approximately $114,000 to $325,000.
The platform employs supply reduction mechanisms through the Firepit smart contract, allowing token holders to burn UNI in exchange for protocol fees. A separate 100 million UNI treasury burn has also contributed to supply contraction. Current circulating supply stands at approximately 623 million UNI tokens, supporting a market capitalization of roughly $3.85 billion.
Token Price
As of September 13, UNI traded near $6.21, reflecting a 2% decline from the previous session's closing price.
