Uniswap Dominates Decentralized RWA Trading with 50% Market Share

Uniswap has taken over as the main venue for decentralized trading of tokenized assets (RWAs), retaining its influence in September and carrying more than 50% of DEX-based RWA trading.

The exchange emerged as the leading venue for RWA trading at the end of August, with recent volume records as of September 7. Uniswap handled over $743M in RWA volumes as of September 4, which later moved down to around $300M daily.

Uniswap's influence extends beyond a simple DEX, building an open financial system through Uniswap V4 and third-party deployments, allowing for the creation of specialized markets. Unichain is also increasing its influence as a trading venue.