Uniswap extends DEX lead as volume passes $70 billion

Uniswap has processed more than $70 billion in trading volume over the past month, exceeding the combined volume attributed to the next three decentralized exchanges in its cited ranking. Summary Uniswap processed more than $70B in decentralized exchange volume during the latest monthly period measured. The protocol said its volume exceeded the combined total of the next three DEXs ranked. DeFiLlama data attributes roughly $32B to Uniswap v3 and nearly $38B to v4 activity recently. Uniswap operates across multiple blockchains, allowing traders to swap assets through automated liquidity pools directly. UNI traded near $6.21 after falling roughly 2% during the latest market session tracked globally. Uniswap said on Sept. 13 that the comparison came from DeFiLlama Research, describing the result as evidence that a large portion of decentralized spot trading continues to pass through its protocol. The claim covers activity across multiple versions of Uniswap and the blockchains where its smart contracts operate. It does not represent revenue earned by Uniswap Labs or the market value of the UNI governance token. Current DeFiLlama data supports a monthly total above $70 billion when the...