Uniswap Hits 915 Million Swaps In 2025 — Why Is UNI Still Flat?
Uniswap has set a file with over 915 million transactions in 2025 and a buying and selling quantity surpassing $1 trillion. This achievement solidifies its place because the undisputed chief of DeFi.
However, in stark distinction to this explosive development, the worth of the UNI token stays stagnant. This leaves many buyers questioning: why does a protocol producing billions in income yearly fail to ship worth to token holders?
Network Strength and Record-Breaking Trading Volume
Uniswap (UNI) is experiencing a outstanding yr, with the variety of transactions (swaps) on its platform reaching 915 million in 2025 alone.
The third quarter of this yr is poised to turn into the best buying and selling quantity ever, with roughly $270 billion in transactions, with greater than every week left within the quarter.
The trade’s whole buying and selling quantity has surpassed the $1 trillion mark for your complete yr, a powerful milestone for any DEX.
This development displays the maturation of the DeFi ecosystem and an more and more clear regulatory setting.
These elements allow protocols like Uniswap to function securely and entice extra customers.
Massive Revenue, Yet UNI Price Remains Sluggish
Uniswap Labs earns a powerful $50 million yearly, whereas the protocol’s whole transaction charges attain $1.65 billion yearly. Despite this, the revenue has not translated into worth for the UNI token.
The major cause is that Uniswap lacks mechanisms for buybacks or direct revenue distribution to holders.
In reality, with a market capitalization of round $5.7 billion, many buyers are questioning UNI’s objective and true worth within the present setting.
Experts and the group word that UNI is more and more thought-about a “meaningless” token.
It fails to mirror the platform’s large income and is hampered by opaque token distribution mechanisms and conflicts of curiosity between the core growth workforce and buyers.
“We’re not bear posting Uniswap. We’re bear posting $UNI. Just an entire nonsense token in as we speak’s market & altering regulatory setting. Everything you and your VCs stand for is irrelevant. Turn on revenues & buybacks, or don’t hassle having a token.” A consumer on X commented.
Echoing these sentiments, one other X consumer noted that the token-holding mechanism doesn’t incentivize worth.
The altcoins lacks a connection to the trade’s enterprise efficiency. It additionally suffers from opaque token unlocks. All of those elements hold UNI’s value low regardless of the platform’s development.
This creates a transparent hole between the platform’s and token’s values, making it tough for buyers to see the advantages of holding UNI.
Experts suggest three strategic instructions for the UNI token to meet up with Uniswap’s true worth.
First, deliver high-quality property on-chain to extend liquidity and entice customers. Second, tie the token’s worth to enterprise efficiency, for instance, by buybacks or distributing a portion of transaction charges to holders.
Lastly, reform the token provide mechanism to make sure transparency and stability the pursuits of builders and the group.
At the time of writing, BeInCrypto data reveals UNI is buying and selling at $8.09, down 82% from its 2021 ATH.
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