Uniswap Breaks $70 Billion Monthly Trading Volume Barrier

The Uniswap decentralized exchange (DEX) has reached a new milestone, processing over $70 billion in monthly trading volume. This figure surpasses the combined total of the next three largest DEXs.

According to DeFiLlama Research, which provided the data, this achievement solidifies Uniswap's position as the dominant venue for on-chain spot swaps. The exchange has maintained its rank as the top decentralized venue by monthly output.

The deep liquidity across Uniswap's pools appears to be a major driver of this growth. Despite the strong protocol figures, the native governance token UNI traded at around $6.26 on September 13, down roughly 1.3% over 24 hours.