Uniswap V4 Dominates Ethereum DEX Volumes Amid Native Crypto Surge

Uniswap's latest protocol, V4, has dominated Ethereum decentralized exchange (DEX) volumes since late August last year, handling over 50% of total DEX volume. This achievement was noted in a recent market data update.

In another significant development, Uniswap V4 secured the second-largest share of tokenized commodities on DeFi protocol Token Terminal, with Aave holding the top position at 51.3%. This highlights Uniswap's growing presence in the rapidly expanding RWAs segment and its ability to capture significant volumes.

The Uniswap native cryptocurrency saw a surge in trading volume, reaching over $81.7 billion worth of monthly DEX volume in September. However, despite this impressive performance, Uniswap still trails behind August and October 2025's volumes.