Uniswap DEX Dominance Continues Despite Poor Price Performance For UNI

Uniswap, a decentralized exchange, has achieved a new milestone by processing a cumulative $1.5 trillion in value since its inception. Uniswap v3, which introduced concentrated liquidity and the ability for liquidity providers to specify price ranges for their funds, has a 31.8% DEX market share on Ethereum and has processed $607 million in volume over the past 24 hours. Uniswap's dominance is confirmed by Dune Analytics and DefiLlama, with the former reporting $7.8 billion in volume over the past week and the latter reporting a total value locked of $3 billion for all versions of Uniswap. However, the platform's governance token, UNI, has had a rough bear market and is currently down 3% on the day, falling below the $5 level again.

Uniswap $7.78

-4.3%

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