Uniswap leads the DEX market with a dominant share, often exceeding 60% of Ethereum DEX trading volume. In December 2024, it recorded $106.4 billion in monthly volume, part of a record-breaking $462 billion across all DEXs. Its user base has grown significantly, onboarding millions since 2018, with over 3.9 million addresses by 2022. Innovations like Unichain and V4 enhance its appeal, driving consistent volume growth—e.g., $3.7 billion daily in March 2025—solidifying its position despite $UNI token challenges.