@prices
Uniswap reigns 2025 DEX empire—$1.3T YTD volume (55% share), 915M swaps fueling $111B August peak (28% MoM). Growth alchemy: V4 hooks slash gas 30%, drawing 1M weekly actives (up 20%), L2s like Base amplifying 71% dominance spikes. User surge: Mobile wallets onboard 40% retail, yet impermanent loss bites 15% LPs. Leadership litmus: $3.48T DEX forecast cements UNI's pivot to governance gold. Dynasty endures—Uniswap's liquidity loom weaves Web3's trade tapestry.