Uniswap, a leading decentralized exchange (DEX), has reported $71.1 billion in trading volume over the past 30 days, cementing its position as the most active DEX tracked by DeFiLlama. The protocol stated that its 30-day volume surpasses the total sum of its next three largest competitors combined.
Trading volume and network distribution
Uniswap’s activity far exceeds that of PancakeSwap, the next largest DEX, which recorded $29.8 billion in trading volume during the same 30-day period. This establishes a margin of more than $41 billion between the two leading platforms.
The most recent weekly data shows Uniswap processed more than $21.3 billion in transactions, with an average of $2 billion in trades per day. Uniswap operates across a wide range of blockchains—over 40 in total—with Ethereum accounting for the highest share of total value locked. Other notable blockchain networks supporting Uniswap’s multi-chain reach include Base, Arbitrum, BNB Chain, Polygon, and Robinhood Chain.
Uniswap’s version 4 (v4) is responsible for about $38 billion of the monthly volume, while version 3 (v3) contributes approximately $32 billion, and version 2 adds another $1.2 billion.
| Platform | 30-Day Volume | Share by Version |
|---|---|---|
| Uniswap | $71.1 billion | v4: $38B, v3: $32B, v2: $1.2B |
| PancakeSwap | $29.8 billion | N/A |
Robinhood Chain, which is integrated with Uniswap, saw daily decentralized exchange transaction volume reach $1.35 billion on September 13, with Uniswap contributing $262 million.
Mini dictionary: Robinhood Chain, a blockchain launched by the trading platform Robinhood, provides decentralized infrastructure designed to facilitate on-chain trading and DeFi activities. Since its launch earlier in 2026, it has partnered with several DEXs to expand its ecosystem.
UNI price action and market analysis
On September 13, UNI traded at about $6.21, marking a 2% decline from the previous session. Price swings during the day ranged from $6.17 to $6.55.
Market analyst Yasuhiro identified a technical breakout, noting that $UNI has surpassed a long-term descending trendline and is holding above rising support levels. He indicated a potential accumulation zone from $4.40 to $4.80, with possible upside targets at $10.80 and $15.70, provided the uptrend remains intact.
Yasuhiro pointed out that $UNI has already broken the long-term descending trendline and continues to hold above rising support from the lows. He prefers waiting for a pullback rather than buying around $6, and views the $4.40–$4.80 range as a favorable area for accumulation amid an ongoing higher-low structure.
Protocol earnings and supply mechanisms
Uniswap generated $28.2 million in protocol earnings between January and July 2026, according to data from analytics firm Token Terminal. This revenue stems from a total of $297.9 million in user trading fees, with June being the most profitable month at $5.3 million. By early August, total revenue since fee activation had climbed to $29.8 million.
Governance Proposal 100 extended the protocol’s fee structure to version 4 liquidity pools across seven blockchains starting in July. Daily protocol earnings surged from approximately $114,000 to $325,000 following this extension. All collected fees are stored in TokenJar smart contracts. UNI holders can burn their tokens through the Firepit mechanism to unlock corresponding shares of protocol fees, establishing a link between trading activity and token supply reduction. A separate treasury burn of 100 million UNI was also conducted.
Uniswap currently has roughly 623 million UNI tokens in circulation, giving the token a market capitalization of $3.85 billion. Despite ongoing burning via Firepit and treasury initiatives, only a modest portion of the total supply has been removed so far.
Uniswap collected $28.2 million in protocol fees in the first seven months of 2026 and has expanded its fee mechanism to more networks, boosting daily projected earnings above $300,000.
