Uniswap marked on November 2, 2026, the eighth anniversary of its launch on the Ethereum mainnet on November 2, 2018. According to founder Hayden Adams, decentralized exchanges now handle 40% of total exchange volume, compared with a starting share of 0% when the protocol launched. ARK Invest, however, estimated their share of spot trading at roughly 27.4% in the first quarter of 2026, well below Uniswap’s figure. The platform’s cumulative trading volume has exceeded $4.5 trillion, while version 4, launched in January 2025, now operates across dozens of blockchains. In December 2025, the UNIfication governance proposal activated protocol fees directed toward burning UNI tokens and included a one-time destruction of 100 million UNI from the treasury.
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