TLDR
- Uniswap processed $71.1 billion in 30-day trading volume, more than the next three DEXs combined
- Uniswap v4 leads with ~$38B in monthly volume, ahead of v3’s ~$32B
- Protocol generated $28.2 million in revenue from January through July 2026
- UNI traded near $6.21, down roughly 2% in the latest session
- Fee burns through Firepit and TokenJar are reducing UNI supply, but the effect remains modest against 623 million circulating tokens
Uniswap has crossed $71.1 billion in trading volume over the past 30 days, placing it ahead of every other decentralized exchange tracked by DeFiLlama. The protocol said its volume exceeded the combined total of the next three DEXs ranked.
Uniswap has processed $70B+ in volume over the past month
More than the next three DEXs combined
The world’s value moves on 🦄 pic.twitter.com/ak426mmX1x
— Uniswap (@Uniswap) September 12, 2026
Over seven days, Uniswap processed more than $21.3 billion in trades. In a single day, the platform handled close to $2 billion in swaps.
PancakeSwap was the closest competitor, reaching $29.8 billion over the same 30-day period. That leaves a gap of more than $41 billion between the two protocols.
Uniswap v4 accounts for roughly $38 billion of the monthly total. Version 3 contributes around $32 billion, with v2 adding over $1.2 billion on top.
Volume Spreads Across Dozens of Chains
Uniswap operates across more than 40 blockchains. Ethereum holds the largest share of locked liquidity, but Base, Arbitrum, BNB Chain, Polygon, and Robinhood Chain all contribute to the combined figure.
Robinhood Chain processed roughly $1.35 billion in total DEX volume over 24 hours as of September 13. Uniswap accounted for approximately $262 million of that daily figure.
$UNI is starting to look interesting on the daily chart.
Price has already broken the long-term descending trendline and is now holding above the rising support from the lows. After the first expansion, I’d rather wait for a pullback than chase it around $6.
Preferred… pic.twitter.com/a5R7Vpygvn
— Yasuhiro (@YasuhiroXZ) September 13, 2026
Analyst Yasuhiro noted that $UNI is breaking a long-term descending trendline on the daily chart and holding above rising support. He outlined a preferred accumulation zone of $4.40–$4.80, with targets at $10.80 and $15.70, while keeping a bullish bias as long as the higher-low structure holds.
Fee Revenue and Token Burns
Uniswap generated $28.2 million in protocol revenue between January and July 2026, drawn from $297.9 million in trading fees, according to Token Terminal data. Monthly revenue peaked at $5.3 million in June.
By early August, cumulative revenue since fee activation had reached $29.8 million. Governance Proposal 100 expanded the fee mechanism to v4 pools across seven networks in July, lifting estimated daily protocol revenue from around $114,000 to $325,000.
Fees flow into TokenJar contracts. Users can burn UNI through Firepit to claim them, directly linking trading activity to token supply reduction. A 100 million UNI treasury burn has also reduced total supply.
Circulating supply sits at roughly 623 million UNI, with a market cap of around $3.85 billion. The ongoing burn rate remains small relative to that supply.
UNI traded near $6.21 on September 13, down about 2% from the prior close, moving between approximately $6.17 and $6.55 during the session.