Uniswap celebrated its eighth anniversary on November 2, 2026, marking the milestone since its 2018 Ethereum mainnet launch. The protocol reports that decentralized exchanges now account for 40% of the total exchange market share, up from 0% at its inception.
The platform has reached a cumulative trading volume exceeding $4.5 trillion. The protocol hit the $1 trillion mark in 2022 and reached $4 trillion by December 2025. ARK Invest provides a different estimate, placing the DEX-to-CEX spot share at approximately 27.4% for Q1 2026.
Technological evolution has been central to this growth, notably with the January 2025 launch of Uniswap v4, which introduced custom hooks for liquidity pools. The protocol now operates across numerous blockchains, including significant volume on the Robinhood Chain in 2026.
In December 2025, the protocol implemented the UNIfication governance proposal, which activated fees directed toward burning UNI tokens. This initiative included a one-time burn of 100 million UNI from the treasury, directly linking protocol activity to token supply.
