Uniswap becomes first DEX to surpass $3 trillion in cumulative trading volume

Uniswap, the leading DeFi decentralized exchange, has reached a new milestone by becoming the first decentralized exchange (DEX) in history to surpass $3 trillion in cumulative trading volume.
Uniswap founder Hayden Adams wrote in a post on Dune
He shared the results along with a screenshot of his Analytics dashboard, breaking the news of the $3 trillion milestone first-hand.
According to data from Dune, Uniswap’s daily trading volume is currently around $3.3 billion, while DeFilama puts this at a slightly lower $3 billion.
In second place was PancakeSwap, with a daily trading volume of about $2.7 billion and a market share of 21%.
However, Uniswap's total deposited assets (TVL) is currently around $5 billion, half of its 2021 high. This is because DeFi as a whole is only half as high as it was at the end of 2021.
According to DipyRama, the total DeFi market cap is now $124 billion, while DappRadar sees it at $132 billion.
Of these, over half are based on Ethereum. Meanwhile, Uniswap’s native token, UNI, doesn’t reflect the platform’s growth rate. Currently, UNI is trading at around 7.1
It is trading at $8, down more than 84% from its all-time high of $45 recorded in May 2021. It was also found to have fallen 3.4% intraday on the 12th.