# Uniswap Captures 47.2% of Stablecoin DEX Volume in 30 Days

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/30085
Published: 2026-10-12T07:05:01.000Z
Updated: 2026-10-12T07:05:01.000Z
Section: Investing

> Uniswap v3 and v4 processed $76.2 billion of $161.4 billion in stablecoin trading across 35 decentralized exchanges, while PancakeSwap ranked second with 8.7%.

Uniswap v3 and v4 accounted for 47.2% of stablecoin trading across 35 decentralized exchanges during the 30 days ending Oct. 12, giving the protocol versions a dominant share of activity in the tracked market.

The two versions processed $76.2 billion of the $161.4 billion total. PancakeSwap ranked second with an 8.7% share.

The combined figure covers activity on Uniswap’s decentralized-exchange protocols and does not represent market share for the UNI token. Uniswap v3 and v4 are separate versions of the protocol, which uses liquidity pools to facilitate trading without traditional order books.

Coinbase Tokenized Stocks launched on Base on Aug. 24, with liquidity available through Aerodrome. The products represent fractional shares held one-for-one by a regulated custodian and are available only in eligible jurisdictions.

The broader tokenized-stock market recorded $2.92 billion in distributed value and $12.68 billion in monthly transfer volume as of Sept. 16. Those figures measure the market’s overall value and transfer activity rather than trading volume specific to Aerodrome or Coinbase Tokenized Stocks.