Uniswap's August Volume Topples July $1.76B Record in Less Than Two Weeks

Uniswap reported more than $1.76 billion in monthly volume as of Wednesday.

AccessTimeIconAug 13, 2020 at 12:45 a.m. UTC
Updated Mar 6, 2023 at 3:13 p.m. UTC

Uniswap's August trading volume beat July's record high less than halfway into August, surpassing $1.76 billion, leaving more than two weeks to push further into record territory.

  • Current monthly volume marks the fourth consecutive record high for the leading decentralized trading and automated market-making platform. 
  • In the past 24 hours, Uniswap reported $213 million in volume, accounting for more than 60% of all decentralized exchange volume, according to Dune Analytics.
  • The record-setting volume comes amid a continued speculative frenzy over new and experimental decentralized financial applications, causing volumes across all decentralized platforms to soar.
  • The new high also comes less than three months after version 2.0 of the protocol launched with a plethora of new features.
  • Notably, at the end of July, Coinbase-backed startup Dharma integrated Uniswap to its mobile trading app.
  • As trading volume grows, Ethereum network fees are skyrocketing. Average transaction fees have spiked 600% to $5.27, according to Blockchair.
  • Despite the fees, decentralized trading volume "doesn't look like it will be slowing down anytime soon," said Jack Purdy, decentralized finance analyst at Messari, provided the "money-making opportunities continue to outweigh the cost."


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.