TLDR
- Uniswap is currently trading at $7.03, up 6% in 24 hours and 38.6% over the past week
- Uniswap became the first DEX to hit $3 trillion in all-time trading volume
- Technical indicators show a strong bullish trend despite some selling pressure at $7.5
- UNI remains 84% below its 2021 peak price of $45
- Uniswap founder Hayden Adams announced plans for a new 7702 wallet with one-click swapping
Uniswap, the leading decentralized exchange (DEX), has shown impressive price action recently while hitting a major milestone in trading volume. The token is currently trading at $7.03, having risen 6% in the last 24 hours and an impressive 38.6% over the past week.
On May 12, 2025, Uniswap founder Hayden Adams announced that the platform had reached $3 trillion in all-time trading volume, making it the first decentralized exchange to achieve this milestone. The achievement was documented on a Dune Analytics dashboard.
The exchange currently handles about $3.3 billion in daily volume according to Dune, while DeFiLlama reports a slightly lower figure of $3 billion over the past 24 hours.
With a 23% market share, Uniswap maintains its position as the leading DEX. Its closest competitor, PancakeSwap, holds a 21% market share with $2.7 billion in daily volume.
Uniswap has a total value locked (TVL) of just under $5 billion. However, this represents only about half of its 2021 all-time high, reflecting broader trends in the DeFi market.
Technical Analysis Shows Bullish Momentum
The price chart for UNI displays a strong bullish trend that began with sideways movement in a low-volatility range before experiencing a breakout.
The token has been forming higher highs and higher lows, a classic sign of a healthy uptrend. Large green candlesticks indicate solid buying pressure and market confidence.
However, upon reaching the $7.5 level, some selling pressure emerged, leading to a pullback. Technical analysts suggest that as long as the price maintains above the $6.5-$7.0 range, the uptrend remains intact.
The rally coincided with widening Bollinger Bands, indicating increased volatility. The price reached the upper band at around $7.62, often considered an overbought signal.
The Relative Strength Index (RSI) decreased from an overbought reading of 78.58 to 68.67, suggesting the rally’s momentum may be slowing.
Market Position and Future Developments
Despite Uniswap’s platform success, the UNI token remains down more than 84% from its peak price of $45 recorded in May 2021. At the time of writing, UNI had lost 3.4% for the day.
Adams also revealed plans for Uniswap to roll out its own 7702 wallet while supporting other 7702 wallets, with the goal of enabling one-click swapping for all users.
This wallet initiative builds on the recent Ethereum Improvement Proposal (EIP-7702) led by Vitalik Buterin, which went live with the Pectra upgrade on May 7. The proposal enhances Ethereum accounts to better withstand potential threats from quantum computing.
Uniswap’s current market capitalization stands at $4.42 billion, reflecting its position as a major player in the cryptocurrency ecosystem.
Trust Wallet has already launched a smart account-compatible upgrade, and Uniswap is expected to follow suit with its own implementation.
