Uniswap maintains a dominant position among decentralized exchanges (DEXs), driven by its robust trading volume and user expansion. In December 2024, it achieved a monthly trading volume of $106.4 billion, part of a record $462 billion across DEXs. By Q1 2023, its $145.1 billion volume surpassed platforms like Coinbase. The February 2025 launch of Unichain, its Layer-2 solution, recorded $217.7 billion in DEX volume within 30 days, outstripping Ethereum’s mainnet. User adoption is strong, with 3.9 million addresses by mid-2022, underscoring Uniswap’s leadership despite a smaller user base than centralized exchanges.