- Uniswap logs 1.2B+ swaps in 2024–2025, maintaining over 90M monthly swap average.
- Trading volume hits $73B in 30 days, showing strong on-chain user engagement.
- COO Mary-Catherine Lader resigns as SEC closes case with no enforcement action.
The Uniswap decentralized exchange protocol recorded over 1.2 billion swaps in 2024 and the first seven months of 2025, highlighting a major rise in user activity. According to figures released by Uniswap Labs, the protocol saw 670,717,783 swaps in 2024 and 640,881,736 swaps so far in 2025.
Number of swaps on the Uniswap Protocol
Last year: 670,717,783
This year: 640,881,736
And we’re only 7 months in 🦄 pic.twitter.com/YQLZZSrDy3
— Uniswap Labs 🦄 (@Uniswap) July 16, 2025
The data, shared via a bar chart, documents annual swap counts on the protocol from 2018 through mid-2025. Activity remained below 100 million swaps per year until 2022. That year marked a shift, with the protocol surpassing the 100 million mark. Usage continued to climb in 2023, with swap activity reaching just under 200 million. However, 2024 recorded the sharpest increase, more than tripling the previous year’s total.
Despite being only seven months into the year, 2025’s figures have already exceeded 640 million swaps. The protocol now averages more than 90 million monthly swaps, indicating that total activity could surpass 2024 by year-end if current trends hold.
Exchange Activity Remains Strong
According to DeFiLlama, Uniswap registered over $73 billion in trading volume during the past 30 days. This further points out the protocol’s scale and its continued relevance as an automated market maker-based trading platform. The figures suggest that user engagement remains constant despite broader shifts in market volatility and liquidity across the DeFi sector.
Uniswap’s long-term swap growth is due to expanding multichain support and increased use of on-chain trading solutions. The rise in activity between 2022 and 2024 signals a structural increase in decentralized exchange usage.
COO Resignation After Four Years
The new performance metrics coincide with Mary-Catherine Lader’s resignation from her role as president and chief operating officer at Uniswap Labs. As reported by Bloomberg, Lader is transitioning into an advisory role before leaving the company entirely. She joined Uniswap in 2021 after serving as a managing director at BlackRock, where she led Aladdin Sustainability.
Back at Uniswap Labs, Lader was codifying the company’s operations. She managed operations across financial, legal, HR, marketing, policy creation, and customer support, allowing Uniswap to transform itself into the proper structure. Nonetheless, Uniswap has not appointed a new president yet in Lader’s place.
The U.S. Securities and Exchange Commission dismissed the case against Uniswap Labs in February 2025. The investigation was triggered by a Wells notice served in April 2024 and concluded without any enforcement action.
