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Uniswap handled $77.5B of trading volume on Ethereum

UNI closed the second quarter at $2.78, down 21.6% on the quarter.

State of Uniswap, Q2 2026, to the close of the quarter's last day (UTC). Published 9 November 2026, 10:21 UTC; written automatically from our own published charts.

  • Volume$77.5B−10.9%
  • v4 share of volume60.4%+26.08 pts
  • UNI price$2.78−21.6%

Trading volume

Uniswap handled $77.5B of trading volume on Ethereum in the second quarter, 10.9% less than the first quarter's $86.9B. v4 carried $40.2B (51.9%), v3 carried $33.7B (43.5%) and v2 carried $3.53B (4.6%).

Across the venues we read, 28,513,561 trades were made in the quarter, with an average size of $2,774.

Version 4 ended the quarter with 60.4% of daily volume, against 34.3% three months earlier.

Daily DEX volumeRange $292.4M to $2.20B; this quarter shaded
Volume
$77.5B−10.9%
Average trade size
$2,774

Our DEX series reads the Uniswap and SushiSwap deployments on Ethereum.

ChartsETHDEX Volume by VenuePlusETHDEX TradesETHAverage DEX Trade SizeETHDEX Volume Share by VenuePlus

The UNI token

UNI closed the second quarter at $2.78, down 21.6% on the quarter.

UNI close
$2.78−21.6%

ChartsUNIPrice

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How this review is made

The review is written automatically after each quarter closes, from the charts CryptoKeyhole publishes. Volume is read from the swaps of Uniswap's pools on Ethereum on our own archive node and valued with our price index. No one edits the figures, and each sentence only restates them.

A quarter is a calendar quarter in UTC. A level compares the last reading of the quarter with the last reading of the quarter before; a flow is the sum of every day of the quarter. A chart whose history starts inside a quarter gives no figure for it. Each linked chart explains its source and calculation.

The sentences describe the quarter's data and make no forecasts.