Everything DEX, in numbers. Volume, fees, hooks, chains. Regular $UNI burn cards.
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Joined September 2009
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$UNI burns stabilizing — 30,000 UNI (~$213K) on Oct 26. Next leg to $20 on burns？
Stablecoins went nowhere in 2026 — a chunk rotated off Ethereum onto Tron.
Ethereum shed $20.1B YTD; Tron absorbed $12.3B. All chains $303.7B → $302.4B. ETH share 54.0% → 47.5%. USDT alone: −$14.5B on ETH, +$11.4B on Tron.
@justinsuntron
$ETH $TRX
Uniswap v4 now matches v3 on volume — 50% / 50% this week ($6.33B vs $6.34B).
v2 is a rounding error at 0.7%. Since launch, the stack has tilted pink.
The upgrade is no longer a side bet — it’s half the flow. $UNI
Uniswap cleared $13.1B of DEX volume this week.
That’s 2.2× PancakeSwap’s $5.9B — and more than #2 through #4 combined.
Spot flow still clears through $UNI venues first.
$7.8B DEX spot today vs $19.6B on the major CEXs.
That’s 28%. Uniswap cleared $1.86B by itself.
The “DEX is tiny” line is getting harder to say. $UNI
Uniswap still #1 for tokenized-stock DEX volume — $441M last week (35%).
Aerodrome $372M · Raydium $192M.
Top venues ~$1.25B. $UNI
CME $UNI futures: 180K → 280K → 776K UNI in three days.
Day 3 was 4.3× day 1. Almost all of it micro Globex.
Cash-settled volume — not spot buying. Still early, and it’s getting louder.
Uniswap just made every other DEX its liquidity provider.
Oct 15–21, $9.4B of volume on Ethereum, Base and Robinhood Chain ran on other DEXs, 46% of the total.
Now every swap Uniswap routes there pays fees toward the $UNI burn.
Every quarter, Uniswap's growth-budget wallet receives 5M $UNI.
On Oct 6 it emptied out: 17M $UNI (~$123M) went to 4 wallets in a single day.
So where did it go?
Three wallets got 12M (~$87M) between them. Two weeks on, they haven't sent a single token.
The fourth got 5M and was the only one to move. A week later it sent ~764K to a fresh wallet that has sat still ever since. Another ~500K hopped through two unlabeled wallets, and ~450K of it landed on Binance and OKX (~$3.3M).
It still holds 3.74M.
Of that 17M payout, 15.7M hasn't moved. We're watching which wallet moves next.
A year ago, 5.1% of Uniswap v4 volume ran through hooked pools. Last month: 23.6%.
$5.6B went through hooks in September.
Hooks are eating the world.
My read: Uniswap is now the biggest hook builder, with ~43% of hook volume, over 5x the next one. $UNI
