Latest news with #HaydenAdams
Business Mayor
12-05-2025
- Business
- Business Mayor
Crypto: Uniswap Shatters Records with $3 Trillion In Trading Volume!
15h05 ▪ 3 min read ▪ by Evans S. Uniswap has just etched its name into the digital marble of the crypto universe. Three trillion dollars in cumulative volume. A staggering figure, a historic first for a DEX. Yet, behind the confetti, some signals call for caution. Because while the numbers shine, the backdrop is more nuanced. A Thundering Feat, but Depth to be Put in Perspective It took guts: in an ecosystem still young, Uniswap established itself as the crossroads of decentralized exchanges. Three trillion dollars is the footprint left on the asphalt of the blockchain. Hayden Adams, founder of the protocol, did not miss the chance to celebrate the moment on X, with a screenshot from Dune Analytics in support, like a victory before another revolution. However, today's numbers also tell another crypto story. The daily volume hovers around 3.3 billion dollars, with a crypto market share of 23%. Impressive, certainly, but slightly down compared to rivals like PancakeSwap, now flirting with 2.7 billion dollars and a 21% share. Competition is fierce, and Uniswap's lead is no longer as unrivaled. As for the total value locked (TVL), another thermometer of DeFi dynamism, it caps at 5 billion dollars. Half of the peak reached in 2021. Even though the entire DeFi ecosystem shows a global TVL of 124 billion according to DeFiLlama, it is a clear reminder: enthusiasm has cooled down, and caution prevails. Innovation Continues, but UNI Crypto Struggles Behind the scenes, Uniswap is nevertheless preparing its transformation. On May 12, Adams announced the imminent launch of their wallet compatible with EIP-7702, a proposal signed by Vitalik Buterin, freshly integrated with the Pectra update. The idea? More flexible, smarter Ethereum accounts capable of transforming into ephemeral contracts to enhance security. A proactive response to future threats, including those arising from quantum computing. But while technology advances, the UNI crypto is struggling. CoinGecko places it around 7 dollars, far, far from its 45-dollar peak in 2021. More than an 84% drop in four years. A underperformance that contrasts with the protocol's technical achievements. The crypto market, it seems, remains skeptical about the valuation. In short, Uniswap reminds us that in crypto, numbers alone are not enough. Innovation, however spectacular, must convince beyond developers. And the next revolution might very well happen where it is least expected. Meanwhile, Ethereum is betting big on institutional staking. Maximize your Cointribune experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits. Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
Crypto Insight
12-05-2025
- Business
- Crypto Insight
Uniswap becomes first DEX to hit $3T in all-time volume
Decentralized exchange Uniswap has hit a whopping $3 trillion in aggregate all-time volume, the first decentralized exchange to hit the number. Uniswap founder Hayden Adams noted the achievement in an X post on May 12, which included a screenshot of a Dune Analytics dashboard counting down to the milestone. Uniswap also has a current daily volume of $3.3 billion, according to Dune. DeFillama meanwhile shows Uniswap is the leading DEX with a 23% market share in daily volumes, which it reports as slightly lower at $3 billion over the past 24 hours. The second-largest DEX in volume is PancakeSwap, with $2.7 billion and a 21% DEX market share. Uniswap has a current total value locked of just under $5 billion. However, this figure is around half of its 2021 all-time high, as overall DeFi total value locked (TVL) is about half of what it was in late 2021. DeFillama reports a DeFi TVL of $124 billion, while DappRadar reports $132 billion, with more than half of this total on Ethereum. The DEX's native token, Uniswap, has not mirrored the platform's performance and remains down more than 84% from its peak price of $45 four years ago in May 2021. UNI had lost 3.4% on the day and was trading at just over $7 at the time of writing, according to CoinGecko. Uniswap smart wallet coming Adams also announced on May 12 that Uniswap was 'rolling out our own 7702 wallet and supporting other 7702 wallets … with the goal being one-click swapping for all users.' EIP-7702 is an Ethereum Improvement Proposal led by Vitalik Buterin that went live with the Pectra upgrade on May 7. It enhances Ethereum accounts to withstand potential threats from quantum computing and allows externally owned accounts to temporarily function as smart contracts during transactions. Trust Wallet has already launched a smart account-compatible upgrade for its users, and Uniswap is set to follow. Source:
