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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.
By Zack Voell
Updated Mar 6, 2023, 3:13 p.m. Published Aug 13, 2020, 12:45 a.m.
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.
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- 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."
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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