Uniswap Marks Eight Years as Adams Claims 40% DEX-CEX Share

Uniswap marked eight years since its protocol launch Nov. 2, with Hayden Adams describing its share of the market spanning decentralized and centralized exchanges as rising from zero to 40% since launch.

Uniswap is a decentralized exchange (DEX), a platform that lets users swap cryptocurrencies without an intermediary. Decentralized exchanges have gained traction among traders seeking alternatives to centralized platforms.

Separately, Uniswap held $82.8 million in tokenized-stock decentralized finance (DeFi), about 27% of the segment’s $304.7 million in total value locked (TVL). The figure covers its tokenized-stock DeFi holdings, not all assets on the exchange, as earlier coverage of tokenized-stock DeFi provides further context.