Uniswap Dominates Decentralized Trading with Record Volumes

Uniswap has taken over in June, with increased activity on multiple alternative chains. The decentralized exchange (DEX) is now responsible for over 52% of trades routed from MetaMask users, with the main reason being best price quotes and low transaction failure rates.

The DEX's volume has stabilized at $3.1B, according to DeFi Llama, while its total value locked remains high. Uniswap's share of Ethereum trading has expanded in the past three months, and it now dominates Base, Arbitrum, and BNB Chain.

Uniswap's onboarding of RWA tokens has also contributed to its growth. The DEX offers tokenized securities, including selected equities, and has seen immediate interest with $9.1B in volumes in the first days after launch. Tokenized RWA will have stricter requirements for traders, including mandatory KYC and whitelisting.

The recent Uniswap performance also hinges on advanced features from V4 hooks, which include transfer limits, allow lists, geo-gating, and dynamic fee structure.